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Thumbnail image for Snagging a Bargain: Australians Hunting for US Property Bargains

Snagging a Bargain: Australians Hunting for US Property Bargains

The allure of US real estate bargains for foreigners is particularly strong for Australian’s right now. Aussie’s are armed with a strong dollar (the currency surpassed the US dollar in October 2010 for the first time since 1982) and are excited by the fact that in the US the average home costs 62 per cent less than its local equivalent and returns can reach 20% which is unheard of in Australia.

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