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

Suarez: Football helps me escape

first_img The Uruguay striker hailed the Anfield club’s supporters as crucial to his rehabilitation after the ban for biting Chelsea defender Branislav Ivanovic. But the 26-year-old said a rhinoceros hide formed during a troubled childhood in his native Uruguay has helped him overcome a string of controversies in European football. Suarez admitted his Liverpool career would have been over had the supporters not welcomed him back into the Anfield fold. The Salto-born forward collected the 2013 Player of the Year award at Monday’s William Hill Football Supporters’ Federation Awards at Arsenal’s Emirates Stadium. He said: “When I was a child I had too many problems, but I could try my best on the pitch. “Once I was playing football I could try my best, because I just love to play football, I play with my heart.” Thanking the Liverpool faithful for warming to him again this season, Suarez rated “coming back to play at Anfield” as his 2013 highlight. He said: “After so many difficult moments for me I was able to win the supporters back, and that was unbelievable when I came back to play. “They helped me, and that was important for me, for my confidence, and for my family, because they are together with me in this. “It’s very special for me (the award) because my hard work on the pitch is recognised. Luis Suarez credits a thick skin hardened on the streets and football pitches of Salto and Montevideo for his Liverpool redemption. “Everybody knows about my problems and my difficult year, but after that I forgot everything and have been able to get back on the pitch. “Liverpool are starting to reach their potential and we can play our best on the pitch. “It’s very important that we stay together, we keep going, this is very important. “If Liverpool don’t have these players I cannot continue my level, because it’s too much. “They know I am important, so they try everything to stay together, that’s important for me, but it’s more important for the club.” Suarez will face a host of Liverpool team-mates when his Uruguay side take on England in World Cup 2014 in Brazil. After the World Cup draw, Suarez revealed Steven Gerrard texted joking that England were “lucky” to face Uruguay. Banter aside, Suarez knows how tough it will be to reach the knockout stages of the summer extravaganza. He said: “Before the draw I hoped we would not face England. “But when it said we would face England it was unbelievable for me. “Stevie sent a message to me saying ‘we are so lucky’, and we were laughing because it’s so funny. “But now we are concentrating on the league and Liverpool. “I think it’s more difficult at the World Cup, it will be very, very difficult. “Italy, Uruguay, England: they all have good players. “But I think in the World Cup if you want to win, then in every game you must concentrate, and you must focus against every country.” Press Associationlast_img read more