I am fairly new to NZ investing but have purchased 3 properties. I have used NZ finance using a morgage broker. His name is Terry Meredith and he is fantastic to deal with. The loans have all been through the ASB bank , The present rate as of last week is 7.95% fixed for 5 years. All loans required a 20% deposit. All my contact with Terry has been…[Read more]

I am in the process of doing this at present I got a loan through a NZ broker The loan ended up with the ASB bank .It has a fee free bank account with a cheque book facility . I have signed up for their internet banking and can manage all NZ transfers using this method. I am presently transferring an amount into the account as start up money If…[Read more]

Thanks for the ideas so far. My mum has a place picked out and she has friends there.She is not actually buying the unit but I think you call it leasing.Eventually when she moves on an amount say 70% is returned to her estate. Could her home still be considered her PPOR if she lets other family members use it. In this way the family could help…[Read more]

Yes there is mineral sand close to Ouyen but closer to Mildura my home town .At present the state government has plans to put a toxic waste dump near Ouyen This is not a plus. Mildura is a large thriving town 100 km north of Ouyen but I can’t find anything cash flow positive here although Margaret Lomas has suggested it as a possibility . As for…[Read more]

Hello this is my first post but I have recently been in the same position as you. I applied to the ANZ bank but did not meet their criteria , no reason given. I then tried http://www.morgagelink.co.nz and found them to be fabulous . The process was fast and the money is available to purchase .You can email their site .I used Terry meredith as he was…[Read more]

I have bought 2 investment properties in Queensland and live in a remote area I used Conveyancing Works $795 for all conveyancing I used email, phone and fax to correspond. For building and pest inspections I used QHBR I used these as it was a fixed fee The building and pest used locals. I found both services terrific

I was to use homepath for a loan but found the process totally frustating. It took 3 months to get to the stage of approving morgage documents. If you are an employee with a salary it would be okay but as a self employed person I could not handle the red tape and numerous bungles. Have financed locally and found it a much more pleasant experience