100%finance good/bad

Hi guys
I have been approved for 100% finance from St George Bank we are approved to borrow $200k – $240k at 7.25% making our repayments at about $298.00 pw.we have a combine income of 90k with depts. of 14k we are moving back to NZ in Feb 2006 to start our property adventure there along with other reasons. We have saved $7000 as a deposit but want the best of both worlds, to buy here and in NZ as we both have been with our employers for along time .I thought we could buy here looking at Ipswich area using 100%finance use our deposit money for settlement fees etc and move into it for 6 mouths.And then use our FHG for a deposit, or start of a deposit to buy in NZ in Oct or sooner as I am wanting to finish at my work ASAP for better employment but will be self employed so need to get finance for houses before I do this. So we would have an investment property here in Australia and a good start in NZ. Has anyone got any better ideas on how we could work this Idea.

thanks……….