Website design By BotEap.comAustralia and New Zealand have close relations because they both share a British colonial heritage. Under the Trans-Tasman Travel Agreement of 1973, free movement of citizens is allowed between the two countries. Thus, it is very common for New Zealanders to settle in Australia by buying urban properties in the country.

Website design By BotEap.comIf you are a New Zealand citizen who has moved to Australia permanently and wishes to obtain a home loan in Australia, you must have:

Website design By BotEap.com>> A minimum deposit of 5%, and

Website design By BotEap.com>> You must have a good job

Website design By BotEap.comYou have the same eligibility criteria as Australian citizens when it comes to obtaining a loan to purchase a home for your primary residence or for investment purposes. You can avail of the following government benefits and concessions:

Website design By BotEap.com>> Full range of mortgage loan products

Website design By BotEap.com>> Standard interest rates

Website design By BotEap.com>> Up to 95% loan-to-value

Website design By BotEap.com>> First Time Homeowner Grant Scheme (FHOG)

Website design By BotEap.com>> Stamp duty concessions, and

Website design By BotEap.com>> You do not need the approval of the Foreign Investment Review Board (FIRB)

Website design By BotEap.comCan I get a home loan in Australia to buy property even if I still want to live in New Zealand?

Website design By BotEap.comInterestingly, home loans are also available to you in Australia if you wish to continue living and working in New Zealand. You can get stress-free home financing to buy investment property in Australia.

Website design By BotEap.comWhat are the documents required to obtain mortgage loans in Australia?

Website design By BotEap.comNew Zealand citizens wishing to live and work in New Zealand and seeking housing finance in Australia will need to provide the following documents:

Website design By BotEap.com>> Document identification

Website design By BotEap.com>> Most Recent Country Summaries

Website design By BotEap.com>> Bank statements confirming where the salary is deposited, and

Website design By BotEap.com>> Copies of statements for credit cards, personal loans and savings accounts

Website design By BotEap.comWhat mortgage loan products and features can I get?

Website design By BotEap.comA full range of loan products is available to you. You can get normal standard interest rate charges and various additional features such as redirection feature and 100% clearing account. You will also have the option to decide if you want to:

Website design By BotEap.com>> A fixed term product, a variable rate product, or a combination of a fixed and variable rate product, or

Website design By BotEap.com>> Make repayments as interest only or principal and interest (P&I)

Website design By BotEap.comIf I want to get a home loan, what will Australian lenders/credit providers require?

Website design By BotEap.comMost Australian lenders/credit providers will impose the following requirements:

Website design By BotEap.com>> A loan must be for the purchase of new or existing owner-occupied residential housing or an investment property

Website design By BotEap.com>> A loan can be for the construction of a new residential building or an extension or renovation

Website design By BotEap.com>> A loan can be used to refinance existing owner-occupied housing loans or investment loans

Website design By BotEap.com>> Some lenders/credit providers may even allow personal debt consolidation or principal release (cash payments)

Website design By BotEap.comIf you feel overwhelmed by the requirements of the lender/credit provider, don’t worry. There are many finance brokerage firms in Australia that will help you complete your loan process quickly. But you need to make sure you choose a reputable and experienced company because they will make home loan solutions smooth and easy for you.