Are you a Kiwi citizen with a partner on a 461 visa? Do you want to buy a home? Need a mortgage? The 461 visa can throw a few curve balls, but it can be done! You won't be eligible for the First Home Guarantee (5% deposit scheme) .. unless the NZ citizen borrower can afford to meet the mortgage obligations on their own. Most lenders will not approve Lenders Mortgage Insurance (LMI) if there is a 461 borrower. So borrowing more than 80% is generally out of the question. I do h

When applying for a home loan in Australia, the most critical component of your application is the income used to service the loan. Lenders place significant weight on this, and certain types of income are far more preferable than others. The most favored income is PAYG—salary or wages—derived from a permanent position, whether full-time or part-time. A permanent employment situation is viewed as the safest by lenders, and if your employment is casual, they typically require

I see the question around the withdrawal of Kiwisaver funds come up time and time again. There's a lot of misinformation about withdrawing your Kiwisaver funds to help buy a property in Australia. This blog will set the record straight! As a NZer residing in Australia you are able to transfer your Kiwisaver funds to an eligible super fund and withdraw some of these funds to put toward the purchase of your first home in Australia. Getting your hands on some Kiwisaver funds can

I have had several enquiries from NZ based Kiwis looking to purchase a property in Australia. They may be wanting to secure a home before they make the move across the ditch. They could be NZ based parents helping their Aussie based kids to secure accommodation, or looking to buy a holiday pad so they can scoot back and forth (and jump on the boom train). It all sounds like it should be a fairly straightforward exercise. After all, Aussies are buying up NZ properties without