I believe a nomination clause is ok in Victoria and South Australia, however in Queensland it does not apply. If you change the entity from signing a contract you will be hit with 2 sets of stamp duty. To be on the safe side always check with a solicitor or accountant before proceeding.

I would not buy there. Many banks feel that there is an oversupply of rental properties there. What type of property were you looking at and how large was the block and what is the price?

At the end of the day it will come down to how well people do from these investments. I do not doubt Jason’s passion and his love of the market. However I believe that there are safer markets to invest your money.

Jason feels that I am only saying these things because I am pushing my service, he is wrong. It is that I have seen so many people loose money in the United States because they have brought in bad areas. All I am saying is whether Jason or I offer advise it is important that you do your own due diligence. It is easy do a search on the city or state, there is plenty of good information available. You can then make up your own mind. If you do not do this then you only have your self to blame if you make a mistake.

One month does not make you a us property expert

Ludart

Good luck

I have lived in America and study the market, however I am sure that you can go there on your own and understand the market in a few weeks.

There is a dramatic shortage of property in Australia that is leading to rising rents. There are a number of reasons this has happened however the main reason is that this is the tightest finance market I have seen in a long time. Funding of developments is very difficult and this is slowly the number of properties being built.

This will have a two fold effect, firstly we will see upward pressure on prices and secondly rents will keep rising.

The only exception will be in outer areas where first home buyers may have over paid. The first home buyers grant may have artificially raised prices. I am hearing that the default rate is rising rapidly. If rates move to 8%, many people in outer suburbs may loose there homes. To me inner city is the place to buy.

There seems to be a lot of people dealing with America. It concerns me that so many are dealing with the bottom end of the market. In Australians cities in most cases the closer to the city center the stronger the values. In many American cities the slum areas can be close to the city centers. In San Antonio if you are looking at property within walking distance to downtown or the Alamo its probably a bad location. It is so important that you research your markets carefully. Personally if I buy property I do it in person. I do not rely on the word or knowledge of buyers agents. I have been a buyers agent and reseacher for a number of years. Buying in America is great but always measure twice cut once when t comes to buying.