Hi Richard

Thanks for the reply!

I was just looking at using the equity in the rental.  I was just trying to get a feel to see if other investors are bringing the equity(as  cash) to Australia to re-invest.  Or are they just re-investing in NZ.  NZ major banks changed there lending rules to overseas based clients 2-3 years ago.  They only lend 80% of the lvr now, which is a big dif to the 95% they were allowing(Stopped a few investors in their tracks).

After a few more hours surfing the net, looks like Australian based investors with NZ IP's are keeping it in NZ.  And it seems like Auckland(North shore) is the place to buy.  If any one has any ideas on the best place in North shore in invest, don't be shy let us all know LOL.  House prices are so $$$$ in Auckland….. and so is the rent, i would hate to be trying to buy my first home there.

Thanks again Richard.