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  • Profile photo of agileagile
    Participant
    @agile
    Join Date: 2004
    Post Count: 50
    October 13, 2004 - 2:21 am

    Thanks guys I will contact my bank today about LOC.

    Kind Regards,
    Tim.[biggrin]

    Profile photo of agileagile
    Participant
    @agile
    Join Date: 2004
    Post Count: 50
    October 13, 2004 - 1:27 am

    I am new to this so forgive me if this is an old topic.

    I am in the process of buying a NZ property through Westan and Alvin who I cannot recommend highly enough.

    I am using 20% cash deposit on this property to finance this deal through a NZ bank.

    It is my understanding that I cannot use my Australian equity to get 100% financed NZ property loans. This disappoints me as my wife and I have around 200K Australian equity in our Sydney residence and I would very much like to use this equity to finance NZ property.

    Any comments and/or suggestions would be greatly appreciated.

    Also I would like to say a general thank-you to the contributers to these forums whose advice I find, in the main, very helpful and sound.

    Profile photo of agileagile
    Participant
    @agile
    Join Date: 2004
    Post Count: 50
    October 12, 2004 - 9:16 am

    I have heard (rumours) that in the Sydney market the commercial market will be the next big thing in property. However I have done no concrete research myself.

    It would appear on the surface that trusts are a great way to start as you spread your risk around rather than gambling on on 1 property/tenant.

    On the downside I would say that you could not borrow as much (perhaps 50-70% through margin lending) and that your returns would be less than direct investing.

    As I said these comments are unresearched.

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