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The Aussie dollar is weakening http://www.news.com.au/business/australian-dollar/dollar-falls-as-eurozone-hopes-fade/story-fn6t6wad-1226364143687 If the Aussie dollar weakens against the US dollar what will that mean for investment returns?
Thanks for the info! I am interested in finding out about getting a mortgage against a US property. Is there anyway a foreign credit rating can be considered by US banks?
Speaking of finance and banking issues… does anyone know where I can get some accountant advice for cheap on the internet. Foreign investment taxes are way too complicated to do research on my own. Can someone recommend a more directly related forum?
So you suggest going with a real estate agency in the US? Flying is expensive but I guess its worth it to meet in person….
Companies like US Invest charge a fee to gain access to thier listings as a way of separating serious investors from window shoppers or competitors looking to gain accesss. $995 is actually way more reasonable then some other companies and you said that they give you the money back after your first purchase.
One thing I really like about US Invest is that they have offices in both Sydney and the US. Its good to see companies who are based in their markets.
Reace, It looks like they are now selling property in Texas and Memphis as well as Florida and Atlanta. The fact that they are expanding also seems like a good sign. However, like any other company, make sure you do your research and ask a ton of questions…
Cheers
Pete
There is plenty of new evidence to suggest that the USD is making a comeback.. but not yet. The US housing market is finally starting to bottom out.
Historically, the currency value of the US follows its real estate market. BUT, there is a lag time between the recovery. So, if the U.S housing makret is just starting to bottom out, it will be some time before prices return to normal. Afterwards, it could be years before the USD catches up. <moderator: delete advertising>
