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Thanks for the info. I missed out on the no down-payment loans here in Australia. 20% seems to be around the same as here now. The reason I'm looking at Americ

Thanks for the info. I missed out on the no down-payment loans here in Australia. 20% seems to be around the same as here now. The reason I'm looking at American property is you can buy homes in SF for significantly less than here. For example $350 for this: http://www.redfin.com/CA/San-Francisco/450-London-St-94112/home/1934372 http://www.redfin.com/CA/San-Francisco/450-London-St-94112/h... Compared to $550 for this: http://www.realestate.com.au/property-house-qld-albion-106861333 http://www.realestate.com.au/property-house-qld-albion-10686... In Sydney a property like that would be +$700k

tptacek 16y ago
That house is tiny, looks to be in poor repair, and is in one of the worst neighborhoods in San Francisco (Excelsior, adjacent to Bayview, which is the worst neighborhood in San Francisco; I lived there for a few months). The median home sale price in Excelsior is $550k; and again, that's in one of the less desirable neighborhoods in San Francisco. If you can buy a house anywhere in the world, or even anywhere in the United States, for god's sake don't buy a crappy house in one of the most inflated real estate markets in the entire world. (FWIW, we put --- I believe --- 10% down on our house, 5 years ago).
organicgrant 16y ago
Not to sound like a hater, but this is really a testament to how overinflated the SF real estate market is. A decrepit 100 yr old fisherman's shack is on the market for $350K. If you want to make the jump to the US, long-term visas aside, try Chicago, Boulder, Minneapolis, or anywhere in Northern California OTHER than SF.