NZ Citizens living and working NZ can arrange home loans in Australia for Australian property up to 95% LVR. That is, if you are looking to buy a property in Australia but are working in NZ, you can get a home loan with just a 5% deposit plus costs. If you are a NZ citizen living in Australia then you can get a home loan to 95% as well so only a 5% deposit is required. If you have a guarantor, you could get up to 105% home loan. If you are a first home buyer in Australia then you would qualify for the first home owners grant and if you are building something brand new, then there is a $10,000 grant on offer until the end of 2011 from the QLD government to kick start the building industry. More information on NZ Citizen Home Loans here.