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Australian Mortgages for New Zealanders

Australian (AUD) Mortgages for NZ Citizens in Australia

Historically, New Zealand citizens resident in Australia have been treated in very much the same manner as Australian citizens and permanent residents by both the government and banks. Hence, they have access in principle to first homeowner grants, stamp duty concessions where applicable and loan conditions which reflect those applying to Australian citizens and PR's.

During 2016 however the Australian banks at the prompting of regulators considerably tightened lending access to both Australian expatriates and foreign investors - typically reducing the maximum loan to valuation ratios (LVR) applicable. Australian expatriates and permanent residents are now often limited to loans of 80% of the property valuation, although a higher loan percentage may sometimes be available depending on the circumstances - including their location and currency of income.

New Zealanders resident in Australia still have access to Australian mortgages, but New Zealand citizens resident in New Zealand, or elsewhere in the world, will not generally have access to mortgage finance from domestic lenders in Australia.

Just a note of warning in relation to capital gains tax (CGT). CGT does not exist in New Zealand, but Australian CGT would apply in relation to any investment property located in Australia which made a capital gain - regardless of whether the owner was resident in New Zealand, or elsewhere. We recommend professional tax advice in advance of any purchase, and note that anyone owning a property which generates rental income in Australia is required to submit an annual Australian tax return.

If you would like to make an inquiry regarding an Australian mortgage, please complete the Inquiry form below and we will respond promptly.


IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. No warranty is provided in relation to any material or to the services that may be contracted through It is recommended that individuals seek the advice of qualified professionals before taking any action.