New Zealand Home Loans

Are you a New Zealand citizen living in Australia and exploring options for financing your dream home? New Zealand home loans are an option that helps Kiwis easily secure property.

We have compiled a comprehensive guide to get you started. Discover essential tips about NZ home loans and the steps to get started.

Learn more and find the right fit for your property goals today!

As a New Zealand Citizen, Can I Get a Home Loan in Australia to Buy Property?

New Zealand citizens can access home loans in Australia to purchase residential property. These loans often come with flexible lending criteria and options that suit your needs.

With package discounts and tailored solutions, Kiwis can explore options to help fund their property goals. However, lending terms, including New Zealand home loan interest rates, may be subject to change.

What are the Required Documents for obtaining Home Loans in Australia?

When applying for a home loan in Australia, lenders require some documentation to assess your eligibility and financial stability. The key categories of documents include:

Personal identification: Current passport, driver’s licence, birth certificate, or Medicare card.
Proof of income or salary: Recent payslips or personal and business tax returns.

Financial position: Evidence of savings, superannuation, shares, any properties you own, statements for existing loans, credit card debts, or other financial obligations.

New Zealand Home Loans Eligibility

Interested in getting a new home loan in Australia? Here are the requirements you must fulfil to be eligible.

Up to 95% of the total value

This option is ideal for NZ citizens living in Australia with a low deposit. However, it typically requires lenders’ mortgage insurance (LMI), an added charge.

However, there are options for home loan agencies that can help you navigate it without LMI.

Using New Zealand home loan mortgage calculators can help you understand your borrowing capacity and create a tailored loan structure.

Up to 90% of the total value

Borrowing up to 90% of a property’s value offers flexibility for Kiwis who live in NZ as citizens or permanent residents with moderate savings.

This option suits those with a minimum 20% deposit but allows conditional approval.

From 60% to 80% of the total value

Loans covering 60% to 80% of a property’s value are ideal for clients with significant savings or equity. This range typically avoids lenders’ mortgage insurance, helping to reduce additional charges.

These loans are popular with investors or those with strong financial situations, especially for NZ citizens living in NZ, where they consider you a foreign citizen.

Advantages of Buying Property in Australia as a Kiwi

As a Kiwi, you can access home loans with flexible lending criteria and even qualify for a low deposit option, often starting at less than 20%.

One significant advantage is the ability to be exempted from FIRB review. It is also possible to get tax advantages.

Steps to Obtain a Mortgage as a Kiwi

Here’s the step-by-step to get a mortgage for a home loan in Australia as a Kiwi:

Research

Compare lenders, terms and conditions, and interest rates to identify what suits your purpose, whether it’s a first home or an investment property.

Pre-approval

This process allows you to establish a borrowing limit based on your financial profile and simplifies negotiations when finding your first home or investment property.

Choose a provider that offers clear guidance and supports first-time home buyers.

Documentation

Prepare all required documents to support your mortgage application, including your New Zealand passport, proof of income, a valid bank account statement, and any assets or liabilities details.

Application

Submit your application to the chosen lender, ensuring all required information is included.

After submission, the lender will assess your current financial situation, verify your account details, and review your eligibility under their terms and conditions.

Closing

Once your application is approved, the closing process begins. You’ll need to sign the loan agreement, acknowledge the terms and conditions, and finalise the arrangement.

Free 30-Minute Finance Strategy Session For Professionals

Discover How To Get Approved With A Lower Interest Rate & Save Up To $40,000 In Fees

Frequently Asked Questions

Yes, you can! Many lenders allow you to use your New Zealand property’s equity as security for an Australian home loan, but it depends on their specific policies.

No, purchasing property in Australia doesn’t automatically give you permanent residency. Residency is based on visa and immigration rules.

Good news! As a Kiwi, you can buy property in Australia right away—no waiting period needed, thanks to the Trans Tasman Travel Agreement.

Conclusion

Getting started on your New Zealand home loans with the right guidance offers Kiwis a fantastic opportunity to purchase property in Australia with flexible options tailored to your needs.

Ready to take the next step in your journey? Visit Professional Home Loans for expert advice and personalised solutions. Explore your possibilities today and pursue your dream of owning a home in Australia!

Testimonials

Working with Michael as our mortgage broker was an absolute pleasure. He was extremely knowledgeable and went above and beyond to make sure we received the best mortgage for our needs. Michael’s communication was exceptional, keeping us informed and updated throughout the entire process. He made what can be a stressful time, a breeze.

With me being on a visa, I was told it was impossible for my partner and I to get a loan. Michael came in and told us he would be able to get our loan approved despite my visa status and safe to say he did not disappoint!

We highly recommend Michael for anyone in need of a mortgage broker. Thank you, Michael!

Komal

Finally, we were able to buy our own place in Sydney. THANKS to Michael. We were given the run around by various banks (we had a unique situation and despite good income and stable one, loan wasn't coming easy). When we almost finally gave up, we had nothing to lose and made one last call and it was to Michael. Our hopes were back in two days from there, and had our loan approved with in next few days. We appreciated all the prompt and helpful responses to all of our queries in relation to purchasing with a Temporary Visa. He even made a bank valuation possible in 24 hours or so. If we ever need help again with our finance, Michael will be the first person we would call. Kindest Regards, Anjuli & Kris

Anjuli & Kris Balachandran

After having two other brokers tell us that we had to be in Australia with proof of payslips to buy a house, we had lost hope of buying from NZ before moving over. Thankfully we found Professional Home Loans online! Michael has been amazing from start to finish. His replies to my emails were always prompt and he managed to sort an issue with our paperwork before settlement. We are very grateful for Michael’s hard work. Without it we likely would have given up on our dream of moving to WA as it would have been tricky getting a rental with pets, especially during a rental crisis.

Melanie Downers

Tom, rest assured, when we hear of any of our acquaintances in need of a mortgage you are the one I'll be referring them to. We are very happy to have been working with you, not only because the result is good, but even more since Lisa and I really appreciated your personal touch in our case, your always being available, even for emails late at night and always taking the time to answer our every question. Kind regards, Lisa & Bas

Lisa and Bas

Great service, always attentive and let us know what would happen, how it would work, what was required etc. Tom goes the extra mile and is always available on the phone or email at anytime to explain things. Phenomenal Service. You won’t get better (Although first house purchase in Australia, this is my 4th house purchase and the best service yet by far!)

Peter

Why Choose Professional Home Loans

Getting a home loan was really simple with Professional Home Loans.

“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “

Jack Clancy

– Physio

Well done you made it easy with no BS.

“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “

Accountant, Mick and Vanessa Renton

– 90% no LMI Brisbane, QLD.

No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.

“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “

Hamilton (Accountant) & Nyari (Doctor) Sydney

– NSW

Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD

“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”

Craig and Louise (Medical Registrars)

– Sunshine Coast QLD

On a contracting basis – she got paid roughly 70% of what she billed.

“We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. “

Arlyn (Doctor)

– Townsville QLD

“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”

Linh

New Zealand Home Loans in Australia