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Australians are automatically permanent residents of NZ (unless ex convicts etc) same for Kiwis in OZ. They can own property. Permanent Residents in OZ (non OZ citizens), automatically get permanent residency in NZ when they land. Banking is very much the same .. but it is often easier...

Looking on realestate.co.nz lots of apartments for sale in central Auckland and Parnell. This one is less than 100m from Auckland Uni sience faculty Not for the faint hearted Seller Paid $245,000, Reserve Under $95,000 Uninterrupted Panoramic City and Sea Views Happy tenants paying...

Don't forget ... NO STAMP DUTY. Trading poperties has far less financial friction in NZ than over in OZ. I am looking to buy in the Auckland/Epsom Grammar school zone for my kids education. The eldest is abut 11 years away from secondary school and the next one is just a twinkle in my eye...