We have all known for a long time that investing in property is a smart move. So many people have invested their money into property and it has always paid off. One thing that is important when it comes to property investment is timing and investing in Australian property right now is considered pretty risky. The Australian housing market is considered to be one of the most dangerous housing bubbles in the world right now.
Luckily your investments aren’t limited to Australia. There are plenty of Australian-based businesses who are there to help you invest in the US real estate market. They make setting up bank accounts and anything else you may need a lot easier. You can easily find a business that does this by doing a quick search online. This is also a great way to get any questions you may have answered.
The market in the US comes with a much lower risk at this point in time making it a smarter investment and a great opportunity for Australians looking to invest. Investing in US real estate is actually a lot easier than you may think and we’ll go over everything you need to know below.
A lot of you might be feeling a little wary about investing so the first thing we will cover is all the reasons why you should be investing. Achieving financial freedom is harder than ever with over 56% of Australians over the age of 60 still working. So many Australians end up working way past the retirement age because the pension is so low. This is why so many people have ended up looking elsewhere to avoid getting stuck in this situation. The easiest way to do this is by earning a passive income and investing in property is the quickest and safest way of doing this. When you invest in property there are so many options you have to grow your investment and being able to live comfortably.
So why should you choose US real estate? It’s no secret that the USA is politically stable and has always welcomed foreign investors. The US housing market is also in the early stages of a new growth cycle which give you lots of room for future capital growth. Not only are these properties affordable but they promise cash flow from the first day you purchase one. The economy has been growing and going strong, wages have risen and unemployment continues to decrease which is quite different from the Australian economy. The Australian economy has weakened quite a bit over the last couple years with wages at an all time low and housing prices at record highs. It is a set up for disaster. Having investments in Australian property and superannuation funds leaves you in the crossfire of the crumbling economy. Taking your investment to the US puts a safeguard up against this problem and keeps your money safe.
Just like investing in anything else, take your time and approach every investment you make with patience and consideration. Take some time out of your day to learn a little more about the US housing market and all the benefits and risks that might follow. Some tips and tricks that you should know about are that you should invest in a home that already has existing tenants and you should invest in properties that have already been renovated. Trying to renovate a home in a different country is never going to go well. Keep on informing yourself of the market and learn more about investments before you go and invest in anything.