Posted by GL - ON on July 11, 2003 at 10:41:21:
Al, everything I have read on this site and elsewhere indicates that there are some tremendous buys in Australia. You would probably be better off investing where you are.
Hardly a day goes by without an American posting to this board about how high prices are where they are, how many competitors are bidding on the few decent properties, and how it is no longer possible to make money.
I know this is not true everywhere but it is true in some of the most populated states.
If I were you I would be learning some of the American techniques and adapting them to my local market. I live in Canada and that’s what I’m doing.
By the way Canada is very similar to the US but there is so little creative real estate action here I’m lonesome.