Investing in Queensland
Question from Debbie updated on 26th September 2017:
I am looking at investing in Queensland. I am new to this but I am wondering: can I set up a loan in Australia or do I need to get a loan from a New Zealand bank? Also, can you help me around some information about stamp duty in Queensland when purchasing property.
Our expert Kris Pedersen responded:
If you are purchasing property overseas you will need to raise the mortgage offshore with the exception of potentially raising deposit funds against New Zealand based property. In regards to stamp duty have a look at this link for more information: http://stampduty.calculatorsaustralia.com.au/stamp-duty-qld.
Kris Pedersen of Kris Pedersen Mortgages is a commentator on property and finance. His team sources top finance strategies. www.krispedersen.co.nz