There are some excellent bargains to be had, but all the advice you have seen above will get close to negating the cheap price. But lusting through ebay and cycletrader will get you wondering.
I brought my Bandit over from California and it wasn't a big hassle. Mine was crated and had no damage. I did have to pay a small amount of GST and couldn't sell it for a year or so. It was used when I brought it over and I had owned it for four years.
The biggest challenge was that the NZ Customs wanted to see an original bill of sale. In the US, after you own the bike, you get a "pink slip" (it's on a pink piece of paper), or title, saying you are the owner. A bill of sale isn't important after you have the title. When I got here, all of the sudden they wanted to see the bill of sale. I had to quickly "find" one. Easily done, but it made for a nervous night.
Ride, eat, sleep, repeat!
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