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

Bobo preserves home run

first_imgSydney FC 2 Newcastle Jets 2: Bobo preserves unbeaten home run Iain Strachan Last updated 1 year ago 00:44 1/4/18 Sydney FC - cropped Getty Images Sydney FC remain unbeaten at home in the A-League since April 2016 after Bobo snatched a point in a 2-2 draw with Newcastle Jets. Bobo’s late equaliser helped Sydney FC retain their eight-point lead over Newcastle Jets in a clash between the A-League’s top two on Wednesday.Andrew Nabbout headed the visitors in front when he connected with a cross from former Melbourne Victory team-mate Daniel Georgievski in the 10th minute at Allianz Stadium.Milos Ninkovic netted a stunning leveller six minutes later, receiving Bobo’s pass to burst into the area before dancing past two Jets defenders and lifting the ball over goalkeeper Glen Moss. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Joseph Champness restored the Jets’ lead when he beat Andrew Redmayne from a corner in the 62nd minute.But Bobo salvaged a point for Graham Arnold’s title-holders, nodding home Adrian Mierzejewski’s cross with three minutes remaining in normal time to notch his eighth goal in the last four games. Leaving it late!Adrian Bobo = a very valuable point for @SydneyFC.@FOXFOOTBALL— Hyundai A-League (@ALeague) January 3, 2018The result prevented Sydney from recording an eighth successive victory, but they remain firmly in charge at the summit after 14 matches of the season, and have not lost at home in the league since April 2016. read morelast_img read more