Refinancing Aussie Property in HKD

[aussiebiscuit]

hi guys,

i'm looking to refinance my aussie property into HKD. the only place i can find to do it is NAB and ANZ (aussie banks) but they both don't seem to have offset accounts.

anyone have any better luck finding a lender in HK who will loan in HKD and provide an offset account? i need it for aussie tax reasons.

thx!

[KnowItAll]

You might want to drop the folks over at ipac a line ( ipac financial planning ). They seem to be involved in all things money .. and all things australian and might have some more suggestions.

[walkup]

HSBC will give you a quote.

[Prometheus]

st george also does Aussie loans in HKD

[Prometheus]

Aussibiscuit, have you managed to get a reply from IPAC?
do you know what sort of interest rate NAB and ANZ charge on their HKD loans? thanks

[aussiebiscuit]

i haven't had time to contact ipac yet so if u hear anything let me know.

anz and nab charge about 1% above HIBOR.

[ricardo11]

Lifestyle Brokers Limited - Home

get their contact number, ring them and ask for mark.
excellent broker
(mention my name if you like Richard Wilson)
DISCLOSURE I may get small intro fee.

can get interest only. 30% equity.
he knows all the banks that do it.

[Prometheus]

thanks alot.
by the way, HSBC also does it, but you have to be a premier client: i.e. borrowing at least 500K AUD or have 200k aud in savings.

[totoro83]

aussiebiscuit:

have you tried Westpac in HK? think they might be able to help you out. they're located in exchange square two.

cheers.

hi guys,

i'm looking to refinance my aussie property into HKD. the only place i can find to do it is NAB and ANZ (aussie banks) but they both don't seem to have offset accounts.

anyone have any better luck finding a lender in HK who will loan in HKD and provide an offset account? i need it for aussie tax reasons.

thx!