America Real Estate – Most Popular Cities For Investors

Investing in international properties is becoming one of the most popular and fast growing trend in Australia. Every day more and more Australian investors are deciding to invest in New Zealand, the U.S.A. and in other property overseas markets which have been affected by the global economical crisis. This trend is growing mainly because most Australians think that the US real estate and other real estate markets are undervalued and have the potential for future growth.

Kansas City, Missouri

Many studies have shown that there has never been a better time to invest in American real estate than right now because of the beneficial foreign exchange rates between the Australian and the US Dollar. Australians can gain many benefits from investing in American real estate. The top three benefits of investing in real estate USA are:

  • Buying real estate USA features lower risks than buying shares or other US investments;
  • Once the value of your US real estate property increases, you will earn higher rental income and benefit from capital growth;
  • If you take a loan for the purchase of a real estate USA property, the interest on the loan will be tax deductible.

Take a look at the three most popular American cities for investing:

Tucson, Arizona – There are plenty opportunities for investors interested in buying American real estate properties like single family homes, co–op or condominium units, etc. Now is the time to buy properties at a discount and rent them. You can collect rental income now and later benefit from the price appreciation on the property. There is no real shortage of renters because many people do not qualify for mortgage loans. Right now, the best place for Australian investors are places where inventory has fallen and the demand is still low, and where the job market is showing up signs of growth. So, this year, Tucson is the number one city for investing in US real estate. Regardless of the fact that prices are falling 31% during the housing bust, the foreclosure inventories are reduced. The median list price in Tucson, Arizona was $170 000 in February, which is 3.03% higher from last year. Homes are selling 12% faster than last year. Tucson has the benefit of being a holiday destination for many tourists and a well organized college town.

Austin, Texas – Compared to the rest of the country, in Austin home prices did not plummet, however has the potential for price growth. Austin attracts many overseas investors with its strong job market. In February, the median list price for a single home in Austin was $229 500, and yet the home buyers in Austin are not immune to firmer lending standard. This means that many people will not be in a position to qualify for a mortgage what increases the need for rental inventory.

Kansas City, Missouri – The prices in Kansas city are recovering, so the interested investors for American real estate should consider taking actions as soon as possible. The median list price for homes in February was $134 950, which shows an increment of 4% compared to last year. The housing inventory on the other hand is down for 21%.