How many Australians invest in property in the States?

Asked by Wayne Auld, North Sydney Wed Feb 20, 2008

I'm considering buying an investment property in San Francisco and claiming travel cost etc... once a year to the States from Australia!

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8
Mott Marvin…, Agent, Sunny Isles Beach, FL
Mon Sep 8, 2008
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That sounds like a plan!

I could not say with any precision - the number of Australians that invest in US property. I do know of a few here in Miami- especially in Sunny Isles Beach and Bal Harbour.

As far as claiming travel costs, it would be best to consult with a financial advisor or the consulate.
0 votes
Keith Mitche…, , San Francisco, CA
Mon Sep 8, 2008
If you put down at least 50% on your average investment property to make it float that works here... And can be a great investment especially if you buy a studio / one bedroom building near one of the many universities /campuses around town. You get turn over and these type of buildings seem to have very low vacancy factor if managed properly. But then again 7 x 7 square mile you are always near a university.

And this is a great place to vacation.

Buy while the dollar is down…

Good luck


SF MLS Search Multifamily 2-4 Units:
http://www.gorealestateagents.idxco.com/idx/3529/results.php…

and search 5+ units below web reference:
0 votes
Home Ferret, , Plano, TX
Mon Mar 3, 2008
Buying anything in real estate makes sense to me. Try us out here in texas. Good deals.
Web Reference:  http://www.homeferret.com
0 votes
Kieran O'Lea…, , San Francisco, CA
Sun Feb 24, 2008
Some issues to consider: 1)the exchange rate adds some extra randomness to when to buy and sell, 2)San Francisco has rent control on most residential units 3) US has a federal and a state capital gains tax and it would need to be checked if the Australian tax department would also want to tax any gains.
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K Wei, Agent, San Francisco, CA
Thu Feb 21, 2008
Do it Wayne. And bring good waves with you.
Web Reference:  http://thefrontsteps.com
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Melanie Nard…, , San Francisco, CA
Wed Feb 20, 2008
Wonderful idea! There are a few business models that would work for an out of state investor. We certainly have Canadians, New Yorkers, some Europeans, many Asian investors and Central American investors, as a world class city I hear all kinds of languages where ever I go around town -- I'm sure we can use some more Aussies! Maybe the consulate would have some such information as to the number of Australian buyers. I believe Sydney is one of our sister cities, so that practically makes you family!
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Wed Feb 20, 2008
Wayne this is a good idea.
Web Reference:  http://www.gregorygarver.com
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Jed Lane, Agent, Petaluma, CA
Wed Feb 20, 2008
Good Idea Wayne. Who knows how many Aussies have bought here. We have always seen a large number of investors from Asia but we welcome all comers in San Francisco.
Web Reference:  http://www.jedlane.com
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