From Michael Yardney's February newsletter
Is the investment grass really greener in the US?
Whilst attending the Sydney Property Expo a few weeks ago, I spoke with many investors who were excited about the fact that our dollar is almost at parity with the greenback in the United States of America.
The way they saw it was that overseas assets were ‘on sale’ for the first time in living memory.
In fact they could barely contain their enthusiasm as they told me about the bargain buys to be had in the American real estate market. Who could pass up a detached three-bedroom house for a tenth of the price that you would pay here in Australia?
“How much can I lose? Surely the prospect of being able to pay $20,000 to $40,000 cash for a property is something you would be interested in?” I was asked by one attendee.
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- Written By: George Raptis
- 17-02-2011
- Categorized in: Case Studies
Whilst attending the Sydney Property Expo a few weeks ago, I spoke with many investors who were excited about the fact that our dollar is almost at parity with the greenback in the United States of America.
The way they saw it was that overseas assets were ‘on sale’ for the first time in living memory.
In fact they could barely contain their enthusiasm as they told me about the bargain buys to be had in the American real estate market. Who could pass up a detached three-bedroom house for a tenth of the price that you would pay here in Australia?
“How much can I lose? Surely the prospect of being able to pay $20,000 to $40,000 cash for a property is something you would be interested in?” I was asked by one attendee.
.
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