Are you a New Zealander wanting to buy a house in Australia?

Yes you can! If you’re an NZ citizen buying property in Australia everything works the same as if you were an Australian citizen buying property in Australia. You may even be eligible for the first home owners grant.

However, if you are not a NZ citizen there are some restrictions for foreigners wanting to buy property in Australia, depending on your visa and residence status.

Find below some advice on how you can buy your dream home in Australia and some smart tips to avoid paying more than you need to in fees and charges.

In this post you will find information on:

Can foreigners buy property in Australia?

Yes you can as an NZ citizen.

As an NZ citizen living in Australia you are treated as an Australia citizen when it comes to buying a home in Australia. You can get a mortgage at the same rate, you are eligible for the First Home Owners Grant (FHOG) and possible stamp duty waiver.

There are some restrictions if you are a non-resident, e.g. not an NZ citizen or Australia citizen. Non-residents have to get approval from the Foreign Investment Review Board (FIRB) before they can buy a property. The house must be for yourself as a home and be your primary residence. This does not apply to NZ citizens.

If you don’t intend to live there full time, or if you’re buying several properties in Australia as an investment, they must be new-build properties. These laws are designed to ensure that there is a sufficient supply of new housing stock across the country. 

Buying a home in Australia while still living in New Zealand

If you want to buy a home in Australia while still living in New Zealand you will need to get an expat mortgage. This is one of the harder home loans to get.

Getting a home loan depends on a bunch of factors, including your household income, country of residence, deposit amount and if your circumstances fit into different banks policies. All banks in Australia have different policies and calculations they use to evaluate a loan application.

This is where UNO comes in! What UNO does for you is look at your individual circumstances and work out which banks would most likely give you a loan, then approach them for you.

If you’re moving from New Zealand to Australia and want to buy a property from NZ, the hard thing is finding a lender who will give you an Australian mortgage.

UNO know all the ins and outs of the different banks, their policies and calculations, saving you hours of wasted loan applications trying to find a lender that will give you a mortgage.

Find out if you’re eligible for an Australia expat mortgage

Do you want to know if you’re eligible to buy a property in Australia from NZ? Do you want to move straight into your own home in Australia?

Simply complete this 2 min questionnaire and find out. No obligation and you can complete as many times as you like and learn along the way…

Or read my Australian mortgage post and find out more about UNO and how they can help you.

Home Price Guide

When you are buying a home it’s important to do your research. In terms of getting comprehensive comparative sales information, it’s hard to go past the Home Price Guide, available from Australian Property Monitors (APM), a joint venture between HWW Limited, the publishers of Your Mortgage Magazine, and John Fairfax & Sons.

The Home Price Guide list sales details of individual residential properties. Each standard guide lists monitored sales in the previous 12 months in the postcode of your choice. If the property you are purchasing is in the database, you can see how much the current owners paid for it, whether it has been put to auction since it was purchased, and in some cases what the highest bid at an auction was.

What deposit will I have to pay?

Your deposit amount will vary depending on if you are living in NZ or Australia. If you are living in NZ your deposit will be approx 30%. If you have moved over and are living in Australia you should be able to buy a property with only 5% deposit. If you are living elsewhere its pretty difficult to buy a property in Australia as its considered non-resident lending.

Banks in Australia can’t lend on property in New Zealand, so if you have an existing property in NZ you want to leverage off, you’re going to have to talk to your NZ bank or a mortgage broker in NZ. Read more below.

Do New Zealanders have to pay a higher interest rate?

No. If you are a New Zealand citizen living in NZ or Australia your interest rates will be the same as the open market, e.g. the same as if you were an Australian citizen.

First Home Owners Grant (FHOG)

The First Home Owners Grant (FHOG) in Australia is designed to encourage and assist home ownership across the country, and for eligible borrowers it’s a great start to life as a property owner.

The grant differs in each state and territory and in most places it applies to new homes only and is valued between $7,000-$26,000.

The Australian government’s First Home Owners Grant (FHOG) and other benefits are available to permanent residents, as if they are citizens of Australia. Because NZ citizens are considered to be permanent residents of Australia they are eligible for the grant.

Read more here: https://www.movingtoaustralia.co.nz/are-new-zealand-citizens-eligible-for-australias-first-home-owners-grant/.

Getting a mortgage in Australia

Getting a mortgage in Australia is pretty similar to New Zealand. You will need to figure out how much you can borrow based on your income and expenses. You will need a deposit, which is usually a minimum 5 per cent of the value of the property. You also need to pay for stamp duty on the property, which will cost several thousands of dollars, depending on which state you live in.

UNO’s quick home loan questionnaire

Want to know if you are likely to get a loan right now? The below questionnaire will ask you a few questions to establish your next best move towards buying property in Australia as a New Zealand citizen

You will be asked your residence status, where you currently live, what your plans are, how much you plan on spending on your new home, your deposit amount, your income, help calculate your loan to income ration (LIR) and point you in the right direction.

You can complete this questionnaire in less than 2 minutes, with no obligation and as many times as you like…

Or read my Australian mortgage post and find out more about UNO and how they can help you.

Financial institutions in Australia will usually check your credit rating in New Zealand. If you are not sure where you stand, you can get a free copy of your credit file from Equifax: https://www.equifax.co.nz/personal.

What documents do you need to apply for a loan?

In order to get your application processed in the quickest time frame possible, it is important to have all your paperwork ready. You’ll need:

  • Bank statement
  • Payslips
  • Meet identification requirements

Read more about identity checks and what identity requirements you will need to meet: https://auspost.com.au/id-and-document-services/identity-checks-for-property-transfers/identity-checks-for-buyers-and-sellers.

Accessing the equity of your property in NZ

If you own a property in NZ and want to leverage off that. You need to get your NZ bank to release the equity in your NZ property (refinance your mortgage) so it can then be used as a deposit for your property in Australia.

Australia banks are unable to lend off New Zealand property. Even though we have similar banks in both countries, their systems are completely different and they don’t talk to each other. So you are going to have to apply for a loan in NZ and a loan in Australia to be able to leverage the equity.

Can I use my NZ KiwiSaver to buy a house in Australia?

Up until early 2015 it was possible to use your KiwiSaver to buy a first home in Australia, but not any more.

The Taxation (KiwiSaver HomeStart and Remedial Matters) Act 2015 boosted KiwiSaver first home benefits by allowing member tax credits to also be used towards a first home and increasing the grant available to those on modest incomes looking to buy a newly built first home, but it also shut the door on the ability to use KiwiSaver funds to buy a house in Australia. The rules used to be “silent on where a home is located.

The rules got changed because the first home withdrawal option was becoming more popular – the number of people taking money out for first homes jumped 30% to 13,821 between the years ending June 2013 and June 2014, with total funds withdrawn going up 40% to $168.7 million over the period.

On 1 April 2015, the KiwiSaver Act was tweaked so that schedule 1, clause 8(3), which previously read “for the purchase of an estate in land” now says “for the purchase of an estate in land located in New Zealand”.

Here is the article about the above: https://www.nzherald.co.nz/business/kiwisaver-doors-shut-on-nz-grown-funds-for-aussie-home/ZUH7IVLKV6R2ZGRWNBWXAGDV3I/.

Stamp Duty

Stamp duty is a tax on a property transaction that is charged by each state and territory and goes straight to the state government. The amounts can and do vary. The stamp duty rate will depend on factors such as the value of the property, if it is your primary residence and your residency status.

You can calculate the stamp duty you may have to pay on your property using this stamp Duty Calculator: https://www.realestate.com.au/home-loans/stamp-duty-calculator.

Stamp Duty Waiver

First home owners, purchasing for the first time in Australia will more than likely be eligible for a stamp duty waiver. However, it will take into account if you own or have owned any property anywhere incl New Zealand. So if you do own, or have owned a property previously, then you won’t be eligible for the stamp duty waiver.

There are different purchase amounts that need to be adhered to depending on the state you are buying in, e.g. in Queensland if you purchase a home for $500,000 or less you will pay no stamp duty. If you are purchasing a property between $500,000 and $550,000 you get a discount.

Stamp duty varies state to state. You can read more about the stamp duty in the sate you are planning to move to and its exemptions and concessions here: https://www.homeloans.com.au/news/getting-most-out-stamp-duty-exemptions-state.

Capital Gains Tax (CGT)

If you own an asset overseas, you may have to pay Australian tax when you sell the asset. You need to keep appropriate records.

If you acquired an overseas asset before you became an Australian resident, you are taken to have acquired the asset at the time you became a resident.

Similarly, if you stop being an Australian resident while holding an overseas asset, you are deemed to have disposed of that asset at the time you stop being a resident.

To accurately calculate the capital gain or loss, ensure you keep a record of the value of your asset at these times. This is a complex area of tax law and exemptions may apply.

Therefore, if you plan on renting your home while you settle in Australia, you will have to pay CGT when you sell it. If you sold it before you left you wouldn’t.

However, your accountant can make you a temporary resident for tax purposes, which would make you exempt from tax on their overseas income. Read more here: https://www.beyondaccountancy.com.au/something-every-kiwi-in-australia-needs-to-know/.

Transferring your money to Australia

Find out how to get the best foreign exchange rate and save on fees.

If you already own a home in New Zealand and are planning on selling it and buying in Australia, then educating yourself on foreign exchange is a must. Same goes if you are transferring any money from NZ to Australia. Why throw away your hard earned cash.

To give you an idea of how much you could save, XE have done a recent comparison with three New Zealand major banks for a $1,200,000 NZD / AUD transfer. Depending on which bank you use, XE would have saved you between $9,070 and $25,870.

XE-BankRateComparison

**This comparison was made on 21.08.17, by speaking to the foreign exchange teams at 3 of the leading banks.

You will save a lot of money by using an online foreign exchange company to exchange your NZ Dollars into Australian Dollars, then deposit them in your Australian bank account. Banks will charge you a great deal to convert and transfer your money.

Find out more about using an online foreign exchange company and how it online money transfer works.

Where to search for your new home

Of course you can start looking for your new home from NZ. The below websites are the top real estate sites in Australia:

You might also be interested in…

The below posts might interest you:

Still got unanswered questions?

You can ask me any questions you have below using the comment section and I will get back to you asap. You might also find the answers in the questions other visitors have asked.

68 Comments

  1. Margaret Fowler

    May 6, 2022 at 11:18 pm

    Hi, I am a New Zealand citizen who wants to invest in property in New South Wales and I would like to know if I need to be physically in New South Wales to purchase a house?

    Reply
    • JJ Smith

      May 12, 2022 at 12:04 am

      Hi Margaret,
      Thank you for your comment.
      I depends on a number of different factors. I’m still trying to get my head around this side of buying property in Australia.
      As an NZ citizen you are legally able purchase property in Australia from NZ.
      Do you need an Australian mortgage or are you a cash buyer?
      You are able to pay a conveyancer, someone to manage the purchase contract on your behalf, which means you wouldn’t need to physically be in Australia to purchase the property. This post explains what a conveyancer does, how the process works and how much it costs: https://conveyancing.com.au/articles/what-does-a-conveyancer-do.
      And it depends on what you plan to do with the house. If you plan on renting it out, you would physically need to visit a bank to open an Australian bank account.
      My brother in-law flew to Australia to purchase the house, sign the agreement, open the bank account and then returned to NZ until they were ready to move over.
      Once I’ve got more information, I can give you a recommendation.
      Thanks

      Reply
  2. Matthew

    April 27, 2022 at 10:01 am

    Hi,

    Thanks so much for the information so far. We are planning on moving to Queensland. I’m a NZ Citizen, my partner has Dutch citizenship as we are currently living in the Netherlands. Do you know if it will be a problem for both of us to buy a property together? I think we should have enough cash to buy a house outright without a mortgage. If we got married, would a NZ partner’s wife be entitled to the same rights for buying a property?

    Kind regards
    Matthew

    Reply
    • JJ Smith

      May 13, 2022 at 1:24 am

      Hi Matthew,
      Thank you for your comment and sorry for the delay in replying.
      Unfortunately I have not been able to find an answer to your question.
      I can’t find any information for a Dutch citizen buying property in Australia or a foreign investor buying property with a citizen, which New Zealanders are considered.
      I’ve forwarded your question onto UNO home loans and will forward their reply when I receive it.
      Thanks

      Reply
  3. Emmanuel

    April 27, 2022 at 8:59 am

    Hi, wanted to know if I can use the equity of my property in NZ to buy a property in Australia. Thanks.

    Reply
    • JJ Smith

      May 3, 2022 at 2:32 am

      Hi Emmanuel,
      Thank you for your comment.
      Yes you can use the equity in your home for a deposit. You would need to refinance your mortgage with your NZ bank and borrow money to use for a deposit for your new home in Australia.
      Have you read my Australian mortgage post: https://www.movingtoaustralia.co.nz/australian-mortgage/?
      Find out if you’re eligible for an Australia expat mortgage by completing the 2 min UNO home loan questionnaire on the above post.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  4. cindi

    April 12, 2022 at 1:57 am

    Hi, If I am a first home buyer and can pay in full for the house and I am looking at a home that is available do I physically have to have already moved to oz from NZ? I will fly over and look and choose as can stay with family.
    I was planning to move over once home is ready to move into.
    Alternatively if is getting built can I pay deposit and move over once is almost completed prior final settlement – if not even lending from banks? Will this be considered overseas buyer? I have an australian passport and am a citizen also. What determines overseas buyer?
    I am worried about any negatives or extra costs involved? I have not owned a home in nz. Thus wont need to pay stamp duty but what do I need to know?
    Thanks

    Reply
    • JJ Smith

      May 5, 2022 at 1:58 am

      Hi Cindi,
      Thank you for your comment and sorry for the delay in replying.
      I am currently researching the best way for New Zealand cash buyers to purchase property in Australia, either from NZ or after they arrive. I am starting to get my head around it.
      You will not be considered an overseas buyer as an Australian citizen or NZ citizen, even when living in New Zealand.
      I recommend you read this post on invest in Australia from NZ. This covers a lot of your questions: https://www.gra.co.nz/services/investing-in-australia-from-new-zealand.
      Please let me know if you have any advice for visitors in a similar situation to you or anything else I can help you with.
      Good luck with your move.

      Reply
  5. Corey

    April 3, 2022 at 6:56 am

    Hi JJ
    Thank you for your news letter it is great to be able to know what is need when moving to Australia

    We are looking at moving to Australia either at the end of the year or early 2023 we will be wanting to buy a house when there is there a limited time we need to be in Australia before we can or are we allowed to start looking when there

    Thanks again for your site

    Reply
    • JJ Smith

      April 7, 2022 at 9:42 pm

      Hi Corey,
      Thanks for your comment.
      I’m actually in the process of partnering with UNO home loans, who are helping me understand all the rules and regulations for New Zealanders buying property in Australia.
      I will find out the answer to your question and get back to you.
      Also keep an eye out for my Australia mortgage post, which will hopefully contain the answers to any questions that you might have moving forward. I will send it out in a newsletter once complete.
      Thanks

      Reply
      • JJ Smith

        May 5, 2022 at 1:51 am

        Hi Corey,
        UNO have advised that there is no stand down period. As a NZ citizen you are able to purchase a property straight away or even from NZ.
        If you want more info on getting an Australia mortgage please visit my new post: https://www.movingtoaustralia.co.nz/australian-mortgage/.
        Good luck with your move.

        Reply
  6. Carl

    March 16, 2022 at 8:48 am

    Hi
    We are inquiring if we can buy a property in Australia before we move there.
    Also, if that is possible as we have a rental property here in NZ. We are NZ citizens.
    Thank you
    Carl

    Reply
    • JJ Smith

      March 16, 2022 at 11:44 pm

      Hi Carl,
      Thank you for your email.
      It is possible to buy a property in Australia before you arrive. However, there are a lot of extra ‘hoops’ you need to work through to make that happen and it will cost you a lot more, e.g. additional stamp duty and capital gains on your NZ property.
      Have a read of this post because it covers everything you need to consider including the extra costs: https://www.movingtoaustralia.co.nz/buying-a-house-in-australia/.
      If you are still wanting to purchase a home in Australia while you’re living in NZ then please email me back. I’m currently working on a new partnership with uno home loans and I would be able to put you in touch with a mortgage broker who specialises in expats buying in Australia.
      Why uno? I’ve been getting an increasing amount of enquiries like yours, so I needed to find a company that could help my visitors while having the same customer focus I have, not just after the transaction, which is uno. It’s taken me over six months to find them.
      Make sure you subscribe to my newsletter because I will be introducing the partnership through that in the next couple of weeks.
      Have a lovely day.
      Thanks

      Reply
  7. Pedjs

    February 23, 2022 at 7:10 am

    Hi JJ,
    First of all thank you for your hard work keeping us informed.
    Hey, as we are just trying to get our first appointment here in ACT, we need to transfer our Kiwisaver here first. We also heard the once is transferred to some Superfund it can be used /withdraw for deposit.
    Do you know which Superfund is the best to transfer to, so it can be used towards the deposit?

    Thanks
    Pedja

    Reply
    • JJ Smith

      February 24, 2022 at 11:17 pm

      Hi Pedja,
      Thank you for your comment and compliment.
      Believe it not I didn’t know you could use your Super for a home deposit in Australia, like you can use your Kiwisaver in NZ. So thank you very much for alerting me to this.
      Here is a post that will help you: https://unohomeloans.com.au/first-home-buyer/super-saver-scheme/.
      I’m talking to an uno team member next week and will ask them your question, so I can give you a definite answer. Especially regarding which provider to transfer your Kiwisaver too.
      I will be in touch next week.
      Thanks

      Reply
      • PEDJS

        February 25, 2022 at 1:30 pm

        Haha, we constantly learn and discover new things.
        Thanks, looking forward to your response

        Reply
        • JJ Smith

          March 2, 2022 at 11:48 pm

          Hi Pedja,
          So I had a good chat to Vincent from uno home loans and unfortunately there is not a super that allows you to take any money out for a deposit to buy a house, like Kiwisaver does.
          The Australia government do have a number of schemes to make buying a home in Australia more affordable like the FHOG and the stamp duty waiver.
          The First Home Super Saver Scheme (FHSS) allows you to divert your super payments into savings to be used as a deposit for a home.
          Here is some info on the best performing super funds: https://www.superguide.com.au/comparing-super-funds/best-performing-super-funds.
          However, please note, that you do not have to transfer your Kiwisaver to Australia until you are 100% you are staying there for good.
          Please feel free to email me back any further questions you have.
          Good luck with your move.

          Reply
  8. Erin stack

    February 5, 2022 at 2:41 am

    Hi i am moving to australia 28 feb permanently my income is nz pension
    I will be income tested on dollars in bank which is to replace my home car furnish house
    What is the time frame to purchase and go through the process on it effecting australian pension as nz pay up to 26 weeks
    Then application fir aussie pension pricess starts
    Thankyou

    Reply
    • JJ Smith

      February 11, 2022 at 2:40 am

      Hi Erin,
      Thank you for your comment.
      I don’t personally know someone who has moved in your situation, so can only give my option based on what I can find online.
      So you have close to 26 weeks to buy a home, furnish it etc before all your funds you will be submitted as your assets. If you do not manage to buy a home in that time then you may not get the pension at that stage. However, once you have brought and furnished your home you will be eligible to apply again.
      They have the rule that your home is not included in the assets test and if you sell your home, the proceeds are exempt for up to 12 months if you plan to use them to buy, build or renovate another home.
      Have you recently sold your NZ home? If so you may be able to get the above exemption.
      Make sure that you read my post on foreign exchange. As you are taking a lot of money with you, then it is definitely worth using an online money transfer company like XE, as they will save you a lot of money: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  9. Sam Langdon

    January 27, 2022 at 4:39 pm

    I would like to purchase an established property in Mount Eliza, Victoria, Australia as a holiday home for myself and family and for my parents when they visit from UK.
    I am a permanent New Zealand resident having emigrated from the UK more than 10 years ago. I have also recently applied for New Zealand citizenship.
    Am I correct in my understanding that there would be no restrictions associated with this purchase (i.e. I do not have to be a NZ citizen and I would not be classed as a foreign investor with all the associated issues – FIRB approval and additional stamp duty etc

    Reply
    • JJ Smith

      February 17, 2022 at 8:40 pm

      Hi Sam,
      Thank you for your comment and sorry for the delay in replying.
      Unfortunately I am not a lawyer or specialise in foreign investment, so can only help you with what I’ve managed to find online.
      Here is what I’ve found for New Zealand Permanent Residents buying in Australia:
      New Zealand and Australian citizens are able to buy residential property in Australia irrespective of where they live (Australia or NZ). Holders of New Zealand permanent resident visas will also be able to buy residential property if they have been living in Australia for at least 12 months, and have been present in the country for at least 183 days in the past 12 months.
      Those on temporary visas (e.g. student visa, work visa or visitor visas) would not be able to buy a house to live in and it’s important to clarify the differences between resident and permanent resident visas, as only permanent resident visa holders will be able to buy property.
      Source: https://www.lawlink.co.nz/article/potential-changes-to-home-buying-for-foreign-buyers/.
      Have a read of this post by Wealth Ladder, which covers everything regarding ‘Can New Zealanders Buy Property in Australia?’. Wealth Ladder are a NZ based property investment company: https://wealthladder.co.nz/can-new-zealanders-buy-property-in-australia/.
      For foreign investors, Foreign Investment Review Board (FIRB) approval is mandatory, however the rule doesn’t apply to New Zealand citizens who’ve been to Australia at least once. If you’re a citizen of New Zealand, you’ll receive a Subclass 444 visa upon your arrival to Australia. The visa grants you permanent resident status here, so you can buy properties much like Australian citizens.
      The rules are different if you’re not a citizen of either Australia or New Zealand. If you’re a permanent resident of New Zealand but not a citizen, you will need to have FIRB approval.
      Source: https://unohomeloans.com.au/home-loans-citizens-new-zealand/.
      I recommend you contact UNO Home Loans. They know all the rules for New Zealanders purchasing in Australia and will be able to help you with your specific circumstances: https://unohomeloans.com.au/.
      Hope the above helps. Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  10. Michael

    November 23, 2021 at 2:12 am

    Hi JJ,

    Has anyone actually tried to use the kiwisaver to purchase first home in Australia. I moved here almost 2 years ago just before the global pandemic. I have requested a kiwisaver withdrawal from my provider (Generate). However, they claim that the kiwisaver act 2006 stipulates that for the first home withdrawal scheme the house or land must be in NZ and not overseas.

    If you or anyone else that can comment know of other kiwisaver providers that do allow withdrawal for purchase of a Australian house, please let me know.

    Another abstract idea would be to potentially change to an Australian Super fund. However, as the rules over here do not allow you to withdraw super to buy a first home it might get locked away until retirement.

    I am definitely frustrated as I want to utilize this fund now to help set myself up. Any advice would be greatly appreciated.

    Reply
    • JJ Smith

      November 24, 2021 at 3:50 am

      Hi Michael,
      Thank you for your comment.
      I research this all the time. Unfortunately it appears to be in your Kiwisaver providers hands. Even Australia mortgage brokers say you can: https://www.homeloanexperts.com.au/non-resident-mortgages/new-zealand-citizen-mortgage/.
      You are eligible for the First Home Owners Grant (FHOG), as you would have read.
      Sorry I can’t be of more help.
      Thanks

      Reply
      • Michael

        November 24, 2021 at 4:08 am

        Thank you for your reply. Do you have any knowledge of which providers do allow you to withdraw kiwisaver for first home in Australia?
        This would be a massive help as then I could switch funds immediately.

        Reply
        • JJ Smith

          November 24, 2021 at 4:10 am

          I can’t find any provider to recommend unfortunately.
          Here is the Government KiwiSaver site and it states that if you are a first-home buyer, please contact your KiwiSaver provider or complying fund provider to apply. It doesn’t state anywhere about applying for a home in Australia. You could contact Kāinga Ora – Homes and Communities and see if they can help you: https://kaingaora.govt.nz/home-ownership/kiwisaver-first-home-withdrawal/.
          Thanks

          Reply
  11. Bev allen

    October 12, 2021 at 10:34 am

    Hi JJ, we are currently in the process of selling our NZ home to move to Brisbane…when borders allow. My question is regarding CGT…are we obliged to pay CGT in Oz if the settlement date of our NZ home is a few days after landing in Oz…..or are we exempt as the date of sale will be a few months before?

    Reply
    • JJ Smith

      October 19, 2021 at 3:28 am

      Hi Bev,
      Thank you for your comment.
      I’ve found this, but still aren’t 100% as it isn’t referring to a sale in NZ:
      If there is a contract of sale, the CGT event happens when you enter into the contract. For example, if you sell a house, the CGT event happens on the date of the contract, not when you settle.
      Source: https://propertyupdate.com.au/a-complete-guide-to-capital-gains-tax/.
      The date you sell or dispose of an asset is the ‘CGT event’. If there is a contract of sale, the CGT event happens when you enter into the contract. For example, if you sell a house, the CGT event happens on the date of the contract, not when you settle.
      Therefore you shouldn’t have to pay CGT on the sale if it is already under contract when you move. However, I am not a professional accountant and I recommend you ask your accountant to confirm.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  12. Daniel

    August 30, 2021 at 11:26 pm

    Hello,
    We are Kiwis who currently own our house in New Zealand (main residence, not a rental property) and plan to buy a house (with cash, no loan needed) after we arrive in Australia. To avoid paying CGT, do we have to sell the New Zealand house first, or can we complete the sell of the New Zealand house after we arrive in Australia? We are planning to move to Queensland permanently but are told that we have to sell the New Zealand house first, to avoid CGT.

    Reply
    • JJ Smith

      August 31, 2021 at 2:31 am

      Hi Daniel,
      Thanks for your comment.
      You are correct, if you sell your NZ home before your move you will avoid paying Capital Gains Tax:
      If you don’t own a home in New Zealand, or if you sold it before you moved over the ditch, you don’t need to worry about this. But if you rent out your home in NZ or sell it while you’re in Australia, you will likely need to pay Capital Gains Tax.
      It’s a good idea to seek help from a professional accountant to make sure that you are compliant with your property taxes in Australia.
      Read more: https://www.movingtoaustralia.co.nz/nz-buying-property-in-australia/.
      I agree with the advise that you have been given, as it is the simplist. Once you are in Australia you are considered a tax resident and therefore all income and assets are included and are subject to their laws.
      However, your accountant can make you a temporary resident for tax purposes, which would make you exempt from tax on your overseas income. Read more here: https://www.beyondaccountancy.com.au/something-every-kiwi-in-australia-needs-to-know/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  13. Kate Venter

    August 29, 2021 at 8:43 am

    Hi JJ,

    My husband and I are NZ Citizens and want to relocate to Queensland. We have one investment property in NZ and have never owned a family home. In March 2021, I approached HomeLoanExperts.com to find out how hard it would to obtain a mortgage in Australia while still living in New Zealand (we want to purchase a home off plan with the intention of moving over and straight in once the build is completed), but the HomeLoanExperts representative I spoke to on the telephone was adamant that we would not be able to get a mortgage from an Australian bank unless we have been living in Australia for at least six months ? (I was tried to point out to him we would rather pay a considerable deposit, rather than waste money on rent while our home is being built.) – Which is why I was confused when I read on your site that, “Your deposit amount will vary depending on if you are living in NZ or Australia. If you are living in NZ your deposit will be 20-25%. If you have moved over and are living in Australia you should be able to buy a property with only 5% deposit.”

    Seeing that HomeLoanExperts.com is not one of the top 20 Mortgage Brokers in Australia, would it be worthwhile to contact other mortgage brokers ?

    Your site is great.
    Kind regards
    Kate

    Reply
    • JJ Smith

      August 31, 2021 at 3:08 am

      Hi Kate,
      Thanks for your comment.
      Check out this post: https://www.huntergalloway.com.au/new-zealand-citizen-home-loan/.
      It advises that if you are LIVING and WORKING in New Zealand we (Hunter and Galloway) cannot assist with finance due to restrictions with our credit license. Some banks like ANZ and Westpac Banks based in Australia can consider on a case by case basis but you will need to discuss with them directly.
      You need to calculate all costs involved to stay living in NZ while buying in Australia. It’s not only the deposit you need to consider (most of this is covered in the above post.):
      – your rent would be cheaper in Australia,
      – you will have to pay additional stamp duty (on a $500,000 purchase, this would mean a total of $52,461 in stamp duty payable),
      – you will not be eligible for FHOG ($20,000 in Queensland),
      – and if you sell your home in NZ while living in Australia you will have to pay capital gains tax, unless your accountant has made you a temporary resident for tax purposes (https://www.beyondaccountancy.com.au/something-every-kiwi-in-australia-needs-to-know/).
      If you still want to purchase a home in Australia while living in NZ I recommend you find a NZ mortgage broker that can help you or contact ANZ and Westpac if you bank with one of them:
      https://www.maphomeloans.com.au/australian-home-loans-for-nz-citizens-living-and-working-in-nz/
      https://www.gra.co.nz/services/investing-in-australia-from-new-zealand
      Unfortunately there is no easy answer to your question, but I hope the above helps. Do your calculations and that should make the decision easier.

      Reply
      • Kate Venter

        February 10, 2022 at 8:40 am

        Hi,
        Thank you very much for your advice. (My husband and I have decided it will probably be a better option for us to sell our NZ investment property and purchase a home mortage free in Brisbane.)
        Have any of your readers used iBuildNew or a similar company when buying off plan?
        Thanks

        Reply
  14. Lu

    June 27, 2021 at 9:03 am

    Hi JJ we are Australian citizens living in New Zealand so long now that we have cleared out all documents that name our tax numbers. We have had to reapply to the ATO via snail mail to be informed what our numbers are and that will take over a month. Meanwhile we have also had an offer accepted to purchase a house in Queensland. Settlement day is under one month … Do you know whether an Australian tax number is required for the actual settlement process, or whether it is required for activities after the settlement day? I assume we can still do things like pay stamp duty without stating the Tax number? I look forward to any advice you could provide, thanks, Lu

    Reply
    • JJ Smith

      June 29, 2021 at 12:56 am

      Hi Lu,
      Thanks for your comment.
      Such a shame you have to wait for an actual letter to arrive.
      I am not sure if TFN is required at the time of the settlement. I recommend you ask your real estate agent or mortgage broker whether a TFN is needed to pay stamp duty.
      Sorry I couldn’t help.

      Reply
  15. Manjari Kulkarni

    June 22, 2021 at 2:59 am

    Hi JJ,
    Thank you for this website. I have been thoroughly reading each section of this site and gaining a lot of insights about life in Australia. We are NZ citizens (Young family of 4). My husband is moving to Perth, WA in July and would be living with my sister in law initially, our kids and I plan to join him by October this year. (hopefully we find a rental place by then) I was wondering if he can invest in a house and land package (turn key) while hes living there?
    Do we need to be living in WA at least for a period of 6 months to be eligible for a loan? We do not own any property in NZ, therefore the one in Perth will be our first home owned. Can we use our Kiwisaver to contribute towards the deposit for or first home? How long does it take for the kiwisaver to be transferred to our account when we move?
    Please advice.
    Many thanks
    MK

    Reply
    • JJ Smith

      June 27, 2021 at 11:33 pm

      Hi Manjari,
      Great move sending your husband over first. He should be able to either find a rental or purchase a house before you get their depending on your individual circumstances.
      Hunter Galloway are Australian mortgage brokers. They offer and free assessment to find out about your personal situation and can advise you how much you can borrow etc. Here is a good post of theirs: https://www.huntergalloway.com.au/new-zealand-citizen-home-loan/.
      From my research you do not need to have been in Australia for 6 months to get a loan. However, you do have to prove you can service the loan you need, so it depends on what you are earning and have in the bank.
      You are able to either take your KiwiSaver with you and/or use a portion of it to purchase your first home whether in NZ or Australia. You will need to get in touch with your KiwiSaver provider as early as possible to discuss their requirements. You will need to ask them about time frames.
      Here is an article about ‘Kiwisaver: Can you buy first home in Australia?’. Unfortunately I can not find anything more recent: https://www.nzherald.co.nz/business/kiwisaver-can-you-buy-first-home-in-australia/FN3V3RXP7WWZECDNCWZ2YIHTPA/.
      You are eligible for the First Home Owners Grant (FHOG) in Australia and it is well worth looking into: https://www.movingtoaustralia.co.nz/are-new-zealand-citizens-eligible-for-australias-first-home-owners-grant/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  16. MK

    June 13, 2021 at 1:15 am

    Hi.
    I was wondering if you can help me with some advise on the foreign buyers tax. We are moving over to Queensland from NZ in November. We would ideally like to have a house purchased so we can move straight in when we arrive. Do we have to be in Australia for a period of time before settlement… We have heard that we can purchase a house and as long as we are in Australia on settlement day we don’t have to pay the tax? Do you know if that is right?
    Thanks so much for your help!

    Reply
    • JJ Smith

      June 15, 2021 at 12:58 am

      Hi MK,
      Thanks for your comment.
      I have never come across any info that states you will not be charged AFAD if you are in Australia on settlement date. All the info, as per below, states that you need to be in Australia to sign the sale and purchase contract. However, you can fly in sign the contract and fly out.
      Additional foreign acquirer duty (AFAD)
      A New Zealand citizen residing in New Zealand enters into a transaction for AFAD residential land in Queensland.
      AFAD will apply, because the person will not be the holder of a special category visa under the Migration Act.
      Soruce: https://www.business.qld.gov.au/industries/service-industries-professionals/professional-financial-services/transfer-duty/investors/afad.
      AFAD � ADDITIONAL FOREIGN AQUIRERS DUTY � WHAT THIS MEANS FOR NEW ZEALANDERS PURCHASING PROPERTY IN AUSTRALIA
      Essentially, the special category visa allows the holder of the visa to fall within the scope of the exemption for a ‘foreign individual’ and accordingly, no AFAD will be charged.
      What this means is that if the visa holder is present in Australia when signing the contract of sale, the AFAD will not be applicable, and result in a significant saving in duty payable on the transaction. As detailed above, the AFAD on a $500,000 purchase would be $15,000 (it’s actually 7% in QLD, not the 3% used in this example), so for the sake of a return flight from New Zealand to Australia to sign the contract, it may well be worth the cost of a return plane ticket to save thousands of dollars in duty. Source: https://www.affinitylawyers.com.au/afad-additional-foreign-aquirers-duty-what-this/.
      Another thing to take into account is that if you are moving your household items over, it will take at least six weeks. There is a global shipping crisis at the moment that will effect your move: https://www.movingtoaustralia.co.nz/global-shipping-crisis-caused-by-coivd-19/.
      Please read this post on foreign exchange, as if you are moving a large sum of money over to Australia, you can save a lot compared to transferring through your bank: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  17. Lynda

    June 7, 2021 at 10:52 pm

    Hi JJ
    My husband and I are moving to Australia next year to be close to our children/grandchild and are going to sell our home in NZ to purchase (cash buyer) in NSW, or Victoria. Can we buy a house while in NZ before we move so we have a house to go straight to which is what we wish yo do as our sons are able to view any property for us. I read in a post that you have to be present to buy property? Is this correct. What is the best way to go about this? Thanks.

    Reply
    • JJ Smith

      June 15, 2021 at 12:39 am

      Hi Lynda,
      Thanks for your comment. Sorry for the delay in replying.
      The biggest issue most New Zealand based citizens face is the additional stamp duty payable on purchases in Australia. In Queensland the Additional Foreign Acquirer Duty adds 7% on top of the regular stamp duty payable. On a $500,000 purchase, this would mean a total of $52,461 in stamp duty payable. In NSW it’s 8%.
      Here is a link to the NSW Government Revenue website that outlines taxes, duties, levies and royalties: https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty/surcharge-purchaser-duty/surcharge-for-individuals.
      Therefore you need to weigh up the extra costs if you want to purchase from NZ. I think you are able to fly in and sign all the paperwork needed, then return to NZ as long as it’s not for too long.
      Another thing to take into account is that if you are moving your household items over, it will take at least six weeks. There is a global shipping crisis at the moment that will effect your move: https://www.movingtoaustralia.co.nz/global-shipping-crisis-caused-by-coivd-19/.
      Please read this post on foreign exchange, as if you are moving a large sum of money over to Australia, you can save a lot compared to transferring through your bank: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
      • Lynda

        June 21, 2021 at 11:37 pm

        Thanks JJ
        That is very helpful thank you.

        Reply
  18. Russ

    June 1, 2021 at 3:29 am

    Hi JJ
    Have you or any other Kiwi, on this platform, owned a house in New Zealand, but were still eligible for a First Home owners grant in Australia? We no longer own any property in NZ. And have not owned in Australia. Your feedback would be most helpful. Thank you.

    Reply
  19. amy

    May 27, 2021 at 6:16 am

    Hi,
    My son is New Zealand citizen, just finished high school and went to university in Sydney this month ,he got scholarship , I can support him to buy, can he buy a unit or studio or apartment now in Sydney ? this will be his first property , can he get first home grant?
    Many thanks

    Reply
    • JJ Smith

      May 30, 2021 at 11:07 pm

      Hi Amy,
      Thank you for your comment.
      If you son is 18 years or older you will be able to assist him to buy an apartment in Sydney.
      A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home. It’s a new home that no-one has lived in before. It’s worth no more than $750,000.
      Your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated. More information: https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer.
      You can either apply directly to Revenue, a department of the NSW government, or his bank/mortgage broker will do it on his behalf.
      Make sure you transfer any money to Australia through an online money transfer company like XE or OFX, as they give you better rates than any bank, don’t add additional margin and don’t charge you transfer fees: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Please feel free to email me back any further questions you have.

      Reply
  20. violet skies

    May 10, 2021 at 4:17 pm

    hi there, i have a question. both my parents and myself are new zealand citizens but we have lived in australia for over 10 years and have since moved back to new zealand. we are planning to move back to australia soon so does that mean we still have permanent resdiency? also how long do you have to wait before buying a house when you move from new zealand to australia Thank you!

    Reply
    • JJ Smith

      May 13, 2021 at 10:05 pm

      Hi Violet,
      Thanks for your comment.
      Did you apply and get granted Australia permanent residency? You don’t get granted it automatically. I recommend you read this article: https://immi.homeaffairs.gov.au/Visa-subsite/Pages/extend-expired-visas/your-visa-is-expiring-or-has-expired.aspx.
      Regarding buying a home in Australia, there is no minimum term requirement for an NZ citizen to apply for a home loan in Australia, so you can buy a home immediately.
      You will receive similar benefits that an Australian first home buyer would receive like the First Home Owners Grant (FHOG) and stamp duty concessions/ exemptions. In addition, you do not need the Foreign Investment Board Review (FIRB) approval.
      All round good news I hope!

      Reply
  21. IRINA PLUMMER

    May 6, 2021 at 8:30 am

    Hello. I am selling my house in New Zealand and straight after that moving to NSW and planning to buy a house there. It will be my only home. I am going to live in Australia. Will I need to pay FB tax if I buy a house 2-3 months after I arrive in Australia?

    Reply
    • JJ Smith

      May 13, 2021 at 10:25 pm

      Hi Irina,
      Thank you for your comment.
      What is FB tax? There is stamp duty, land tax, capital gains tax and GST. I can’t find anywhere that states an FB tax.
      You will receive similar benefits that an Australian first home buyer would receive like the First Home Owners Grant (FHOG) and stamp duty concessions/ exemptions. In addition, you do not need the Foreign Investment Board Review (FIRB) approval.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
    • Prabhjot Brar

      June 30, 2021 at 5:22 am

      Hi
      If we own 1 property in NZ and then moving to Aussi and want to buy house there, can we get first home grant in Aus as in aus it will be our first home?

      Like we will be eligible for home grant in Aus if we have owned house in nz before?

      Reply
  22. Danielle

    March 21, 2021 at 7:16 pm

    Hi,
    Can you please tell me if I have this correct?

    Permanent residents – dont pay foreign buyers tax but do pay tax on foreign income earned.
    Temporary residents – pay FB tax but not tax on foreign income.

    I am wanting to move to Queensland to buy a house to live in permanently, but my income will always be from NZ only.
    So I would be a temporary resident as my income is earned in NZ and it makes better sense to pay tax on NZ income to NZ.

    That means when buying a property, I’d have to pay 7% fb tax plus any state tax plus the cost of “investment” as I wouldn’t be a permanent resident and so it cant be classed as an owner occupied property even though I’ll be living there permanently?
    But yes, I would be entitled to the First home owners grant if building new! Anywhere between 7k and 26k.

    Is all of this correct? And is there anything I’ve missed?

    Thanks so much for all of the info. Most appreciated

    Reply
    • JJ Smith

      March 21, 2021 at 8:25 pm

      Hi Danielle,
      Thanks for your comment.
      Yes that sounds right but I’m no tax expert so I’ve CC’d in Stela at TaxBack for her to check with her team.
      TaxBack will also be able to get you a Australian Tax File Number (TFN) for free after you’ve moved – https://www.movingtoaustralia.co.nz/australian-tax-what-you-need-to-know/.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
  23. Trevor Sherwood

    February 10, 2021 at 7:28 am

    I am a New Zealander and live in New Zealand. My daughter is an Australian. She wants to buy an apartment in Sydney and has asked me if I would like to pay 50% of the purchase price and have 50% ownership rights. She would pay me a partial rental.
    Is it possible to arrange such a purchase and if so, what relevant costs would involved?

    Reply
    • JJ Smith

      February 11, 2021 at 9:07 pm

      Hi Trevor,
      Thanks for your comment.
      I can’t advise you on buying half a property in Australia from New Zealand, as haven’t been through the process. However, I’m sure Commonwealth Bank will be able to advise you, so I have CC’d in Ankur from CommBank.
      Ankur should be able to advise you on the buying process and what costs are involved.
      If you are looking into buying a new apartment, you may be eligible for the First Home Owners Grant (FHOG): https://www.movingtoaustralia.co.nz/are-new-zealand-citizens-eligible-for-australias-first-home-owners-grant/.
      I also advise that you look into opening either an XE or OFX account to transfer your deposit to Australia, as they give you the best rates with less margin and no fees: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Please let me know how you get on, as this information would be really helpful to other visitors.
      Feel free to email me back any further questions you have.

      Reply
  24. Shala Hall

    June 21, 2020 at 4:50 am

    Hello JJ Smith,
    Thank you for your newsletter!

    I am a Kiwi and a little backing story with me, I shifted to QLD in Dec 2009 and stayed till 2016 and returned back to NZ. In that time I had my own home in QLD and was entitled to the first home owners grant.I worked for some large Australian owned companies but found it near impossible to get citizenship as my trade wasnt one sought after and I wasn’t there before a certain date. My parents are getting older and I would like to go back in January and get a cheaper unit under $280K.
    My questions are-

    What is the least deposit I can get away with?
    Is there a grant for a home that isn’t a new build
    The typical rate for lenders insurance based on $250K
    Do I have to work for an Australian company or can I buy when working in NZ?
    Should I save my money monthly and transfer it over Via OFX or XE to my Australian Bank?
    Do I need to be there to get the unit or if not do I risk the 7% tax I read about ob previous threads?

    Thank you so much and trust you and the family have been keeping well.
    S

    Reply
    • JJ Smith

      October 14, 2020 at 10:38 pm

      Hi Shala,
      Thank you for your comment and sorry for the delay in replying.
      Unfortunately I am not a banking specialist, so can only give you my opinion.
      There isn’t a grant for buying an existing home and since you have already used the first home buyers grant you wouldn’t be eligible anyway.
      I recommend you read the below articles and get a mortgage brokers to answer your questions and help you:
      https://www.yourmortgage.com.au/mortgage-brokers/best-mortgage-brokers/
      https://www.theadviser.com.au/features/rankings/40017-top-25-brokerages
      From what I know of the Australian property market you do need to be there to buy he property, but a mortgage broker will be able to help advise you on that too.
      It would be up to you when you transfer your money to Australian, but I do recommend you register with XE and get to know exchange rates now so you can make an educated decision that could save you thousands. Their team are really awesome and can help you make the right decision for you: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Sorry I couldn’t be of much help.
      Please feel free to email me back any further questions you have.
      Good luck with your move, when you can move.

      Reply
  25. Liz

    May 24, 2020 at 12:34 am

    Hi we moved 10 months ago to Sydney. We were hoping to use our Kiwisaver to purchase our first home here in Australia. Unfortunately I’ve been advised I’m not able to and I could transfer to an Australian super fund. Do you have any recommendations?
    Kind regards
    Liz

    Reply
  26. John Bancroft

    October 30, 2019 at 1:06 am

    Hi
    I and my wife are looking to buy a new home in Australia. We have our belongings in storage here in NZ ready to ship and have made an offer to buy a flat. Our solicitor is saying we are liable to pay the AFAD (foreign buyers’) tax (of 7%!) in Queensland as we are not currently living in Australia and only entered the country to get a special visa and avoid being liable for this tax. We in fact visited to choose and then inspect the flat but have returned to NZ for a couple of months to effect our move. This sounds wrong to me as NZ citizens are supposed to be exempt from AFAD (or FIRB), unless the purchase is for investment purposes rather than to move into the property to live full time. What do you think?
    Regards
    John

    Reply
    • JJ Smith

      October 30, 2019 at 1:40 am

      Hi John,
      Thank you for your comment.
      Unfortunately I have come across this before. My brother had to fly to Australia to complete the purchase of their first Australian home. He then returned to NZ finished what he had to do and flew back with his family. It was cheaper than the 7%.
      Hope you transferred your money through XE or OFX, as they give you the best rates with less margin and no fees: https://www.movingtoaustralia.co.nz/foreign-exchange-money-transfer/.
      Hope the above helped.
      Please feel free to email me back any further questions you have.

      Reply
  27. Monique

    July 8, 2019 at 9:19 am

    Hi MTA! Thanks for an informative site.
    I currently have a rental property in New Zealand and am moving to Brisbane in about a month’s time.
    In what way will owning property in NZ affect buying real estate in Queensland?
    For example, capital gains tax?
    Can I use equity in my NZ property?
    Can I buy an existing home, or do I have to build, or buy brand new?

    Thanks for your assistance 🙂

    Reply
    • JJ Smith

      July 24, 2019 at 12:24 am

      Hi Monique,
      Thank you for your comment. It is a very good question!
      Owning a rental property in NZ won’t affect you buying a home in Australia or even applying for first home owners grant (FHOG). However, the FHOG only applies to new homes (https://www.movingtoaustralia.co.nz/are-new-zealand-citizens-eligible-for-australias-first-home-owners-grant/).
      You can release equity in a property in NZ to buy in Australia, but it will involve two separate home loans. Firstly, you need to refinance your mortgage in NZ in order to release equity. This is something you must get with your bank in New Zealand to complete. The other home loan will be in Australia with an Australian bank or lender to buy a property using the equity from your NZ property as a deposit. Read this post which explains the above in detail: https://www.homeloanexperts.com.au/non-resident-mortgages/new-zealand-citizen-mortgage/.
      Regarding tax obligations read this article: https://www.beyondaccountancy.com.au/something-every-kiwi-in-australia-needs-to-know/. It outlines the obligation of a Australia resident, temporary resident or non resident, including capital gains tax on NZ based rental properties. You see, temporary residents are generally exempt from tax on their overseas income. Contrast this with permanent residents or Australian citizens. As long as we remain residents for tax purposes we have to pay tax on any source of income, foreign or domestic.
      Another area you want to research is foreign exchange. As you are considering buying in Australia, you will save hundreds to thousands with rates that the banks will never match: https://www.movingtoaustralia.co.nz/money/foreign-exchange.
      Please feel free to email me back any further questions you have.
      Good luck with your move.

      Reply
      • Monique

        August 12, 2019 at 12:57 am

        Thanks so much for your reply. Thats a very useful link to the accountants site, thankyou, I will remember that. And good to know that all going well I won’t be taxed on capital gains or rental income in NZ. Sounds like I will have to get a good accountant to help me tho! I won’t be in Australia for ever, and will likely move back to NZ in a few years or so.
        Thanks so much for your other recommendations abut transfers etc.
        So kind of you to help people like myself!
        Thanks again
        Have a great weekend 🙂
        Kindest Regards
        Monique

        Reply
  28. Caroline

    June 26, 2019 at 2:51 am

    Hi,
    Thank you for this newsletter.
    We are starting to look at this aspect of things now.
    One thing I’d like to know: in NZ, we have leaky buildings and we do need to do our due diligence prior to purchasing the house.
    I guess it’s good practice to get a lawyer and a building inspection anyway, but is there anything suck as leaky buildings or suspicious builds that we need to be aware of?
    Thank you again for your help,
    Best regards

    Reply
    • JJ Smith

      June 26, 2019 at 2:52 am

      Hi Caroline,
      Thank you for your email.
      I have done some research and there are cases of leaky homes in Australia. Not to the same level as New Zealand and Canada.
      Therefore, I would recommend getting a building inspection before buying a home in Australia. It’s always best to know what your getting into when spending hundreds of thousands of dollars.
      Good luck with your move.

      Reply

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