Saturday, November 6, 2010

While the Chinese buy up Australia, Australia buys up the U.S.

Dollar parity and considerably lower taxes lure Australians to buy up depressed properties in the U.S.

Investors Snap Up Homes for Cost of a Car
"Investors are now seeing incredible value buying in America where they can get homes that were $300,000 in 2007 for $35,000 with cash (rental) returns between 15 to 25 per cent net after expenses," he said.

One South Australian investor to take advantage of the "great investment opportunities" in the US is Sue Wright who, with husband John, is building a property portfolio to fund their retirement savings.

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