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Need advise on getting our first home in Melbourne by using our home equity in Wellington New Zealand

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Noreen | 10 Mar 2013, 04:52 PM Agree 0
We are wanting to purchase our own home here in Melbourne we have a home equity from our house in Wellington New Zealand. Will we be able to use our home equity in New Zealand in applying for a home mortgage here in Australia? PLEASE HELP.
  • Eos Property | 12 Mar 2013, 11:33 AM Agree 0
    It has been sometime since I was familiar with this matter.

    I seem to recall ANZ were pretty comfortable with the arrangement you are seeking - there may be others now.

    I suggest you speak with a broker to check this matter out.

  • NL | 20 Mar 2013, 11:53 AM Agree 0
  • geoff mckenna | 20 Mar 2013, 12:04 PM Agree 0
    I investigated this for a client some time ago and the only lender at the time doing NZ mortgages was Pioneer Mortgages, they however dont do them now.

    I suggest you engage a NZ broker for your wellington property and a local broker for your purchase and they can coordinate the deal between them.

    Geoff McKenna
    Guidance Mortgage Brokers
    0405 447 131
  • Daniel Shillito | 05 Apr 2013, 07:25 PM Agree 0
    Hello Noreen,

    You can potentially use the equity in your New Zealand property, using a New Zealand based lender.

    I can assist you with that process, if you would like to contact me.

    If you have already found a solution, best of luck with your plans!

    Kind Regards
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