Aussie buyers lured overseas by cheaper property prospects

first_imgThe Hollywood sign overlooking Los Angeles. Picture: iStock.The report found Las Vegas, Seattle and Portland, Oregon, are also gaining attention from Australians.“Buyers in these markets can purchase at a much lower price point without forgoing strong home value appreciation,” the report said.“For example, in the Las Vegas metro, the median home costs $309,320 ($US236,800) and is expected to rise another 5.8 per cent in value over the next year.“Compare this with the Los Angeles metro, where the median home price is $804,389 AUD ($615,800 USD) and is expected to gain just 1.1 per cent in value next year.”Traffic is highest from Sydney, Melbourne, Brisbane, Perth and Adelaide and most searches are for active real estate and rental listings, according to the report. $120,000 HOME SELLS FOR $3M-PLUS More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoHollywood Boulevard, Los Angeles, California, USA.Zillow chief economist Aaron Terrazas said more affordable house prices and forecasts for price growth and new tax cuts were part of the mindset to invest.“We know the markets have picked up and it’s going to spill over into wage growth and this will spill over into first home buyers, and we think they will be out buying homes for the next two to three years and that will drive prices,” he said.The latest Expat Explorer Global Report from HSBC also revealed an increase in Australian expats buying properties overseas.The report found that in a survey of 1034 Australians living abroad, 60 per cent owned property somewhere in the world — while just 34 per cent owned property in Australia. Malibu, California, is one of the most searched US cities by Australians looking to buy property.TOP 10 US CITIES MOST SEARCHED BY AUSTRALIANS:1. Beverly Hills, California2. Calabasas, California3. Malibu, California4. West Hollywood, California5. Fullerton, California6. Aspen, Colorado7. Santa Monica, California8. Monterey, California9. Newport Coast, California10. Great Neck, New York(Source: Zillow) A row of houses in California, USA, where more Australians are looking to buy property. Picture: istock.MORE Aussies are looking to the US to buy property, with one real estate website now attracting more than a million browsers from Down Under every year.Unlike Australia, home prices in most US markets are considered affordable, and many metropolitan areas now have improved economic prospects, making them more appealing to investors and expats, a new report has found.The median home price in the US is much lower than in Australia at around $265,696. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE center_img Los Angeles, California, is becoming popular with Australian property investors.Real estate website Zillow’s Aussie Expat Report reveals Australians are mainly interested in stand-alone homes and eight of the top 10 most popular US cities for Australian home searches were in the state of California, within the Los Angeles metro area.But homes in the hot Californian market can come with a significant price tag, with the report noting the median price point for Australian home searches was about $704,000. NEW YORK CHEAPER THAN BRISBANE last_img read more

Cardinal will be no picnic for USC

first_imgUsually schools schedule a cupcake during Homecoming.Usually they make sure the cupcake is light (healthy is all the rage these days), loaded with creamy frosting and decorated with some celebratory sprinkles.Missing piece · Having tight end Anthony McCoy back from injury lessens USC’s chances of getting upended by Stanford at home again. – Dieuwertje Kast | Daily TrojanUsually, the cupcake is devoured before the main course is served and by the time dessert rolls around, the alumni are left to feast on the remaining crumbs.But, unless you’ve been stalking Sarah Palin from eastern Russia for the past three months, you know that this season isn’t usual.USC is in the midst of its longest span of mediocre play since the Diamondbacks last won the World Series and has absolutely no chance of appearing in the BCS title game, even with three games left.What’s more is that the opponent coming in Saturday is a raspberry cupcake with mayonnaise frosting and thorns for sprinkles — in other words, it’s not a scrumptious treat.Stanford is coming off a shootout win over Pac-10 leader Oregon, a team that itself was coming off an earth-shattering stomping of the previously unstomp-able Trojans. The Cardinal also won the last time it visited the Coliseum in 2007, when they staged one of the greatest upsets of all-time by beating a 41-point favorite USC.It’s not inconceivable that Stanford will come in Saturday and beat the “struggling” Trojans again.Indeed, much of the blame for USC’s lackluster play over the past month has been attributed to the defense and to superhuman freshman quarterback Matt Barkley getting kicked out of the Justice League.This is rightfully so. The defense, which lost eight starters from last season, has given up 119 points in the last four games and has more holes than the Augusta National Golf Club.Likewise, while Barkley enjoyed success during his first four games, if you’ve watched him over the past month, you’d agree he looks more uncomfortable. In the last game against an inferior Arizona State squad, Barkley went 7-for-22 for 112 yards in a game neither team looked like they wanted to win.However, two areas have killed USC more than the defense and Barkley’s average play. They have slid under the radar and USC needs to fix them this weekend if it doesn’t want to be embarrassed by Gerhart and the Trees.The first area is the running game. Yes, USC has become known as Tailback U for its ability to take a running back and make him into a star. Despite senior Stafon Johnson’s injury, the Trojans still have the talent at the position.Yet, the running game has stalled more than a kid learning to drive stick-shift. USC has averaged only 158.5 yards and 1.25 touchdowns per game on the ground over the past month, while it boasted numbers of 208 and 2.6 in the first five games.It’s the running game that lifted the weight off Barkley’s shoulders. Whenever USC needed a big play, it would turn to Joe McKnight, Johnson, Allen Bradford or Stanley Havili.Barkley could focus on playing within himself. Like it or not, he took the Kyle Orton approach the first half of the season by playing not to lose the game. He was conservative and it worked.Now that the running game has stalled, Barkley has tried to lift the burden onto his shoulders, but they aren’t broad enough yet. This is where the second X-factor for USC comes in: senior tight end Anthony McCoy, who’s scheduled to play Saturday.McCoy has been out virtually since the Notre Dame game (he played, albeit with an injured ankle, against Oregon State), and that’s about when USC started to sputter. His run-blocking and receiving ability have been missed greatly by the Trojans and especially Barkley, who needs McCoy out there. Even though he’s missed almost three games, McCoy is still the third leading receiver on the team, averaging an absurd 23.4 yards per catch.It’s his big-play ability that has opened up passing lanes for Barkley, and without McCoy, the offense has been lost. The running game can’t find any holes to run through and the tight ends have caught just three passes in the last three games.It’s obvious that Barkley needs McCoy and McCoy needs Barkley. The senior tight end has already surpassed his receiving yard total from last season, when he was the starting tight end and had a more experienced quarterback.The Trojans need the running game to get going and get McCoy back on the field if they want to avoid another embarrassing loss.USC has shown it can win when the defense plays poorly (see Notre Dame) and when Barkley isn’t forced to make plays (see Ohio State). Yet, as it’s shown in the past month, it can barely float when the running game stalls and when McCoy is out.Those things need to show up if the Trojans want to have their cake and eat it, too.“Spittin’ Sports” runs Fridays. To comment on this article, visit or email Kenny at read more

Aussie cricketing superstar Glenn Maxwell just got engaged to an Indian origin girl!

first_imgAdvertisement 2q8ciNBA Finals | Brooklyn Vs12oiWingsuit rodeo📽Sindre Ea( IG: @_aubreyfisher @imraino ) 1758Would you ever consider trying this?😱yt7fCan your students do this? 🌚2aoRoller skating! Powered by Firework On Wednesday Aussie all-rounder Glenn Maxwell confirmed his engagement to girlfriend Vini Raman through Instagram. The right-handed batsman revealed that the couple got engaged earlier in the day while captioning it a subtle ring emoji. The 31-year-old was not selected for the Australian side which is touring South Africa at the moment, after picking up an elbow injury.Advertisement Picture Credit: TW/OzBlingAn explosive batsman from Victoria, Maxwell stepped down temporarily from the game due to mental health issues in October last year.However, he later revealed that in fact his girlfriend was the first to suggest getting checked by a professional when she noticed a change in him.“It was actually my partner who suggested I speak to someone, she was the first one who noticed it, so I should probably thank her as well. Once I had that initial conversation it was a big weight off my shoulders,” he said.The cricketer also credited his girlfriend for standing by him through thick and thin during his initial days with mental health issues.“My girlfriend was probably No. 1, it wasn’t an easy job for her to deal with me going through my mood swings for the first few weeks, but Michael Lloyd was the guy I had the initial conversation with, he’s been someone who I’ve confided in since back in the academy days, so I’ve known him for well over a decade now.”Raman also posted the same photo as her fiancé – posing with the engagement ring, as she wrote,“Last week my favourite person asked me to marry him #YES,”Chris Lynn, Maxwell’s Australian teammate congratulated the couple on Instagram writing  “Congrats big boy!”Meanwhile, the Kings XI Punjab superstar is expected to sit out for the next six to eight weeks of action, as confirmed by Cricket Australia on February 12. The Melbourne Stars skipper led his side to the finals of the KFC Big Bash League last month. You may also like:Irfan Pathan and Harbhajan Singh set to make their debuts in Kollywood industryCongratulations flow in as Indian cricketer Hardik Pandya announces engagement with Natasa Stankovic  Advertisementlast_img read more