SearchReturning to NZ
Luke asks:
(updated on Saturday, June 27th 2015)
We are New Zealand citizens living in the Gold Coast and are looking at moving back to Christchurch. We own a house in the Gold Coast (with a mortgage on it) and are going to rent it out, can we use the equity in it to buy a house in New Zealand?
Our Experts Answer:
You will need to approach an Australian based mortgage broker or lender and look to top up over there to release the equity. Then you can look at raising the remainder of the funds to complete the New Zealand purchase with a New Zealand lender who will take security over the property here. Feel free to get in touch.
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