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  • ellejay
    Participant
    @ellejay
    Join Date: 2016
    Post Count: 4
    June 10, 2016 - 5:03 pm

    I think the rules may have changed recently re this. I use ANZ NZ and I believe they may have stopped/reduced lending to overseas buyers. I can recommend Brent Lattimore at Focus Finance in Christchurch. He’d be able to advise about buying in NZ from overseas I think. My situation was that I bought a relatively inexpensive property in NZ a few years ago and paid it off, once I had NZ equity it was easy to keep borrowing. As I said, things may now have changed for overseas buyers looking to purchase in NZ.

    If I was an NZ resident looking to buy in Aus I’d probably follow the same strategy i.e. buy a cheapie with larger deposit and look to leverage from there. Everyone’s situation is different though. I think Mary O’Brien in NSW, NZ Mortgage solutions may be able to help.

    • This reply was modified 8 years, 5 months ago by  ellejay.
    ellejay
    Participant
    @ellejay
    Join Date: 2016
    Post Count: 4
    June 10, 2016 - 4:59 pm

    I can’t help with the answer but Paul is an accountant at PFI accounting in Sydney and seems to have a fantastic grasp on investing across Aus/NZ. He’s been very generous with his time and expertise in my case. My situation is very different to yours, but Paul may be able to advise. I did also use GRA accounting in NZ, not sure if you use them or were thinking of it, but I didn’t find them helpful.

    ellejay
    Participant
    @ellejay
    Join Date: 2016
    Post Count: 4
    June 10, 2016 - 4:55 pm

    First thought is why put all your eggs in one basket and buy 3 in Brisbane. There’s been a lot of hype about Brisbane. Not saying it wasn’t/isn’t a good idea to buy there but with so many investors jumping in there could be a risk of softening rent and/or increased vacancies. Just sayin’ a couple of these issues will slow you down. Keep an open mind..

    ellejay
    Participant
    @ellejay
    Join Date: 2016
    Post Count: 4
    June 10, 2016 - 4:50 pm

    You’ve missed some incredible buying over the last 2 years. Have you joined any investor networks apart from this one? There is at least one forum I can think of that has a huge amount of information and network options to help you buy. You may need to adjust your expectations about price etc, but there are still many opportunities currently for making money.

Viewing 4 posts - 1 through 4 (of 4 total)