Tuesday, February 1st, 2011 - The Property Women 2011 Property Tour
Although many Americans are nervous about the real estate market, the weak dollar and low mortgage rates have made foreign investors see American property as the opportunity of a lifetime.

In fact, when ranked among countries targeted for real estate investment in 2011, the United States drew four times as many votes as the second-ranked Britain, according to an annual survey by the Association of Foreign Investors in Real Estate (AFIRE). That’s a big change from the overheated market in 2006, when only 23 percent put the U.S. as number one.

Australians, now armed with a currency that surpassed the U.S. dollar for the first time since 1982, are becoming more and more enthusiastic about buying property in the U.S. where an average home costs 62 percent less than its local equivalent.

And why not? Driven by a near-10-percent unemployment rate and with millions of U.S. homes facing repossession, the median U.S. home price has declined 26 percent since a peak in June 2007, according to data from the American-based National Association of Realtors. In contrast it seems Australia’s housing market is about 40 percent overvalued and 70 percent of landlords make losses on their rental properties, according to a Sydney-based global developed market strategist at Morgan Stanley.

Before diving in, however, investors need do their homework. For those interested in expanding their property portfolio internationally, Property Women is offering a tour to Florida in the United States between 9-13th May 2011. Potential investors will have a chance to see real estate opportunities firsthand with a team of experts by their side – while sightseeing and having fun at the same time.

In addition, they can learn from those with experience: Australian property investors who have already purchased property in the United States including Rachel Barnes, Director of Property Women, who has purchased five properties in the United States during the past year.

“Although there are certainly more risks to buying overseas I love a challenge,” Barnes says. “I love to learn, I love to travel and I love to take opportunities when I see them. With the cost of stamp duty and land tax so high in Australia I am not surprised that many of us are looking for alternative markets to invest in.”

Contact Profile

The Property Women 2011 Property Tour

For media information, interviews with Property Women founders Rachel Barnes or Judith Taylor, or case studies of women whose lives have been transformed by what they’ve learnt through Property Women, please contact: Rachel Barnes on 0415 175 210.

Property Women is dedicated to empowering and inspiring women by giving them the tools and networks to create pathways to success in any property market. There are many ways women can choose to participate in this process of learning through Property Women: through face-to-face workshops and seminars; a year-long ‘Brilliant Diamonds’ program; series of self-study CD packs; overseas education trips to a different country each year (in 2011 they’re heading to Florida in the US); or simply the streams of regular free tips that are emailed to a network of more than 15,000 women across Australia and New Zealand.

Property Women encourages women to have a clear goal about why they are investing and to develop their own unique strategy that serves their desired outcomes in both life and finance. Women are connected with experts in finance, tax, law, renovations, property development, property management, and property improvements and also with like-minded women who share their own personal stories of investing success and what they’ve learnt along the way. The team at Property Women believe if you’re not having fun along the way then there’s no point doing it – and this philosophy is infused into everything they do.
Rachel Barnes
P: 0402 612 412
M: 0415 175 210
W: www.propertywomen.com.au/


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