Advice on Investing in Queenstown Post-COVID
Lending experts are seeing major banks enabling overseas investors to purchase existing residential property with a minimum of 20% deposit.
In many instances banks are tightening up when it comes to deposit and servicing requirements, but some major banks are now enabling overseas investors to purchase existing residential property with a minimum of 20% deposit, rather than the previous 30% which is great news.
Check out our video below as Stew answers some key questions around lending, and what you need to consider from a financial perspective if you are looking to buy in NZ from overseas.
Our new Take 5 Series is 5 minutes, 4 episodes, 4 local experts and 2 key questions around investing in NZ from overseas. We cover everything you need to know about buying in NZ from an overseas perspective. From overseas investment rules relating to residential and commercial property to lending and legal, as well accounting and taxation
Check out more episodes of our Take 5 Series, our must-watch series for Kiwi ex-pats looking to move home, or relevant to overseas investors looking to invest in Queenstown and wider Southern Lakes property market post Covid-19.
Episode One: The Legal Aspect with Graeme Todd
Episode Two: Tax implications with Daniel Gibbons
Episode Three: Queenstown real estate with Richie Heap
Episode Four: Finance and lending with Stewart Mitchell
Stewart Mitchell - Loan Market
021 762 606
Graeme Todd - Todd & Walker Law
027 433 0457
Kate Gibson - Valuation Partners
021 878 441
Daniel Gibbons - Findex
027 256 9159
Richie Heap - Colliers International
021 500 815