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

MDI basketball teams win rivalry showdowns against Ellsworth

first_img MDI man reaches 41 straight years of daily runs – July 31, 2017 BAR HARBOR — The Mount Desert Island girls’ and boys’ basketball teams both defeated Ellsworth last week in the first set of home-and-home games between the two rivals.MDI girls win defensive battleThe MDI girls’ team allowed just seven points in the second half to defeat Ellsworth 33-21 on Wednesday.It was a slow start for both teams, but the Trojans picked up the pace in the last quarter and clinched the victory with consistent shooting from the free-throw line.This is placeholder textThis is placeholder textThe Eagles lead the Trojans throughout the first quarter, though neither team put up many points; Ellsworth led 9-5 after the first eight minutes and had a 14-12 edge going into halftime.During the 10-minute halftime break, MDI head coach Brent Barker tried to get his team to settle down.“I told them we had to relax,” Barker said. “We were just playing very tight. I said, ‘Guys, we came out with a good defensive effort. Now let’s come out and execute.’”Barker said the players might have felt the pressure of a rivalry game that saw a big fan turnout, but the girls took their coach’s message to heart. The Trojans shifted the momentum and went into the fourth quarter ahead 22-20 and carried the lead the rest of the way.MDI’s free-throw shooting was key to the victory. In the fourth quarter alone, sophomore Julia Watras shot 8 of 10 from the line to help her team seal the win.“In tournament play and in big games, you’ve got to limit your turnovers and make your foul shots,” Barker said. “We hit our foul shots, but we had a couple of turnovers that we didn’t need to [make].”The Eagles shot just 43 percent from the free-throw line, whereas the Trojans shot 63 percent.“[The free-throw advantage] was huge for us,” Barker said.Watras led the Trojans with 10 points, and Maddy Good scored seven. Ellsworth’s Sammy Mason had five.MDI also topped John Bapst on Friday and Old Town on Monday. Its next game will be at home against Hermon (8-1) at 7 p.m. next Thursday, Jan. 12.MDI boys stay unbeaten with rivalry winIn the boys’ game the following night, MDI took the lead early in the game and led 18-12 after one quarter. In the second quarter, MDI’s defense held the Eagles to just two points, and the offense racked up 19 more points to extend the lead to 37-14 at the half.Ellsworth (5-4) kept pace with the Trojans throughout the fourth quarter, but it wasn’t nearly enough. MDI recorded a double-digit win for the sixth time in seven games.Nearly every MDI player saw some time on the court. Riley Swanson led the Trojans with six 3-pointers and finished with 22 points overall. Graham Good was 5 of 5 and finished the game with 12. Bryce Harmon and Zach Harris each had 16 for Ellsworth.“Everyone looks at this game as one of the most important of season because it’s Ellsworth, and it’s been one of the biggest rivals since the schools consolidated,” he said. “It’s always a big night.”Norwood said everything came together for MDI in the win.“I thought our defense in the half court was good especially in the second quarter, he said. “We did a good job in the half court of shrinking the floor. [The Eagles] have great dribblers, great penetrators, and we were able to stop them.”Racking up point after point certainly didn’t hurt, either.“Offensively, when Riley Swanson gets off like that, good things happen,” said Norwood, who also noted the contributions of each player. “We’ve got 14 guys who can really play.”MDI (8-0) also beat John Bapst 72-55 last Saturday. The team were scheduled to face Old Town (2-6) on Wednesday, and its next game will be at home against Hermon (8-1) at 7 p.m. tomorrow, Jan. 13. Ellsworth will be at home against Houlton (5-2) at 4:30 p.m. Saturday, Jan. 14. Town Hill Takeout serves up inventive tacos – August 18, 2017 Sea urchin subject of aging research – July 30, 2017 Latest posts by Taylor Bigler Mace (see all)center_img Bio Latest Posts Taylor Bigler MaceReporter at Mount Desert IslanderTaylor covers sports and maritimes for the Islander. As a native of Texas, she is an unapologetic Dallas Cowboys fan. tbigler@mdislander.comlast_img read more