I call that the "Buy and Hope" strategy...doesn't work so wellEven here in Australia where the market is booming on the east coast, we still do not purchase properties unless we are able to manufacture our own growth through rehab, subdivision, strata titling, significant property discount etc. 

I currently have a vacation to Australia booked for June 5th through the 18th, hopefully I'm fully recovered from the jet lag by the time the 20th comes along.

Hi All,I'm asking this question for someone who lives in Australia and plans to move here to New York within the next year or two. 

We are San Diego natives (but actually currently based in Sydney, Australia for 2 years) so planning to invest outside our local market. 

[I live in Australia, so am not too conversant with your Tax laws - but I still expect them to make SOME sort of sense].

I am a US citizen who lives in Australia.

Interesting that if you google more about this you can find a ton about the Chinese blowing up the housing market similarly to how they've raised the property rates in Australia beyond what's affordable.

Hi my name is Nicholas and i'm from Sydney, Australia..

We take about lots of things other than budgeting and we have people from Australia to Switzerland in all walks of life.

it's a loan that is common in Europe, Canada, and Australia but almost unheard of here in the U.S.