Australia looking to take over the US Real Estate Market
Author: Joshua Dorkin • URL: http://www.biggerpockets.com/April 1st, 2006 •
What country is spending more money on US real estate then all the rest? Australia. Our friends down under have spent almost $700 million on California office buildings and shopping malls since November.
Find out why the Australians are so interested in investing in American real estate.
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Joshua Dorkin
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I remember when Japan’s economy was strong and we were weaker in comparison, the buzz was all about Japan buying up our real-estate, now we are worried about China and Australia? This kind of thing happens all the time, it’s just the ebb and flow of the world economy.