I am visiting my parents in Sydney, Australia at the moment, and got talking with my dad about the family business.

Sure :)Another issue is the were can the property manager deposit the monthly rentMost investors feel better about having an account.If the property manager sends a check via mail to Australia they have no were to despot it.

Hi all, Name is Steve from Perth Australia, aged 45, Director of my own company since 1996, married with 3 kids (19,14 and my little princess Chloe who's 10).Property investing is the next chapter in my life before I take a back seat in my company and to build a property portfolio over the coming years, this is my first day of my new journey and I am open to any advice from those with any advice what to do and what not to do.......I hope to build some friendships and be involved on the forums, thank you for taking the time to read my post.

In fact we wrote 3 deals on-line while in Australia because of one of these agents.

Hello all,I'm American, but travel to the Sydney, Australia area very frequently.

Years ago one of our engineering classmates worked for ATCO in Australia & they built them & he shipped them to Saudi etc.

Take a cruise, tour Europe, Asia, Australia, etc.

I know Japanese who invest in the US, got more than a few US clients who invest in Japan, and my mom (plus many others like her) won't look past Australia, even though you'd have better chances finding the proverbial needle in a haystack than finding a positively geared property anywhere but in mining towns down under (and these are here today gone tomorrow - not to mention you'd be hard pressed to buy one property for the price of five in the US these days)...and it goes on and on..

I live (mostly) in Australia, where the real estate scene is similar (actually a bit more growth oriented) - when real estate capital gain potential stopped providing reasonable reliable promise in 2007, I looked for other countries which did.

Apparently the owner passed away in a foreign country and his parents who live in Australia, I heard it is in probate but it is also being foreclosed.