How does your finance work for your properties? I found a few very good sounding properties in the North Island last week but by the time I factored in the exchange rate they did not quite break even. That was with borrowing the money in Australia using equity here. We were going to do that with the first house and then borrow for the next house in NZ using the first house as extra equity. Which country are your loans? I was told by one RE agent over there that some banks are no longer lending to Australian investors/residents.

EMR