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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Article Author: Joshua DorkinJoshua has written 568 articles for us.
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Joshua Dorkin (@jrdorkin, Google+) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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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.
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