Accessing deposit funds overseas

Hi all,

I am heading to NZ next month and have stumbled across some finance questions. Well obviously if I do find a deal down there, I will need to take out a NZ loan. However, I would like to know how everyone accesses their finances when buying overseas (i.e. deposit + closing cost money). I am guessing I will need access to this immediately if I go unconditional on a property while down there?

Do I need to open up a NZ bank account before going there and transfer the funds over so they are available? Should I open a NZ bank account when down there? What other options are there?

I spoke to my bank today (CBA) and they were sort of lost [blink] The guy suggested I can take out a draft, like a bank cheque or something (?) which can be deposited anywhere, however will generally take about 5-10 business days to clear. I’m not sure this is a viable option.

Would like hear how others do it?

Kind regards,
Ozi