australian real estate buyers: Great Article about Australian Real Estate Investors and Buyers in the USA - 12/13/10 04:26 PM
Seized U.S. Home Sellers Luring Currency-Rich Australians By Nichola Saminather - Dec 13, 2010 8:01 AM ET Mon Dec 13 13:01:00 GMT 20 The median U.S. home price has declined 26 percent since a June 2007 peak to $170,500, according to data from Washington-based National Association of Realtors. Photographer: Chris Rank/Bloomberg
Vincent Selleck, whose Sydney-based 888 U.S. Real Estate started finding foreclosed U.S. homes a year ago for Australian investors, received almost half of all inquiries in the last two months.
“We’ve been swamped since the Australian dollar reached parity with the U.S. dollar,” said Selleck, 52, who handled 1,300 queries … (0 comments)