So its happened before.We have false markets again in many markets.. and much of this created by the out of state investor seeking yield... if no out of country out of state or out of area buyer ever bought a rental in any mid western market  and those markets were 100% relying on local investors your values would not be were they are today.. they are higher because of highly organized and funded marketing campaigns to bring in investors who would without these outside influence's ever have looked at those as possible investments.. its the CA concondrum,  Same with Australia were they bought literlay multi thousands of US sFR's because average price of home in Sydney is 900k or so.. same thought process.  

But he worked for an Engineering firm in Saudi 3 months on & 3 months off, so he was extremely well financed.Having been back to Australia 2010 & 2011 where a bungalow in the city can run above $750,000 I can't imagine making buy & hold viable.

We do enough business with Home Depot, our flooring suppliers, paint suppliers, etc. that we get heavy discounts on everything else, but the turf just hasn't been cost effective thus far.I've done and arranged installs in Australia before, and while it's not my favorite thing to do, I've seen some million dollar homes around that have put it in and I must say, it really gives the house great curb appeal and pops more that other others in the street.

These "fat cats" will pick up and emigrate to Australia and New Zealand.How it ends will be anyone's guess.

I'm based in Sydney, Australia and am interested in seeing so many cheap as chips properties on eBay.

I just noticed this morning an advertisement on this site ... http://www.ozforex.com.au/promo/index-generic.html... advertising transferring funds in and out of Australia.

I know nothing about Australia but glad you're a part of the BP community!

I agree with your post even though I am in Australia... it is the thinking behind the post that I agree with and thank you for sharing.

I’m looking to invest in Australia from Houston Texas, mainly in Melbourne victoria.

County property records show California investors have bought the most properties here, but investors from the East Coast and down to Florida also are snatching up properties.Even foreign investors are in on it: from Asia, Australia and Europe.