Hi Folks,
Here's a question for all the intelligent PI's out there:
With NZ dollar in parity to AUS dollar (well almost- just a matter of days in my opinion), do you think it is the right time to invest in Australia (only interested in Sydney/Melbourne for now) for kiwi property investors?
For us kiwis, a deposit now for an Australian property is a roughly 20% discount (in terms of $NZ currency exchange which used to normally linger around the 80cent mark) and their property cycle is just starting to kick off I believe (more RBA interest rate cuts ahead for them) - also might be a decent diversification geographically too particularly for me as I am quite heavily invested in Auckland property? Also, is it possible to get a mortgage in Australia with NZ income and Australian rental income?
Thoughts?
Thanks in advance.
Here's a question for all the intelligent PI's out there:
With NZ dollar in parity to AUS dollar (well almost- just a matter of days in my opinion), do you think it is the right time to invest in Australia (only interested in Sydney/Melbourne for now) for kiwi property investors?
For us kiwis, a deposit now for an Australian property is a roughly 20% discount (in terms of $NZ currency exchange which used to normally linger around the 80cent mark) and their property cycle is just starting to kick off I believe (more RBA interest rate cuts ahead for them) - also might be a decent diversification geographically too particularly for me as I am quite heavily invested in Auckland property? Also, is it possible to get a mortgage in Australia with NZ income and Australian rental income?
Thoughts?
Thanks in advance.
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