In this episode, we discuss whether it is easy or hard for New Zealanders living overseas to buy property in New Zealand.
Generally, the toughest issue is to get lending from banks in order to purchase property. Overseas investors are typically restricted to 65-70% of lending on properties, and their income is scaled back under the tests to 60-90% of usual income. That range is based on which country the borrower is located in and the risk of currency fluctuation.
We also mention our current podcast survey. We want to make sure that this is the best show in the world about investing in New Zealand property ... we love having you on the journey and we can't wait to get your feedback. Once you've taken the survey we will send you your very own Property Academy Podcast mug.
The Property Academy Podcast