Finance & Fury Podcast

Welcome to Finance & Fury. Today we’re back talking again about property…and more specifically, buying property overseas. Some Australians have given up on the dream of buying property in Australia due to Australia’s high property prices. An increasing number of Australians, including Millennials, are investing abroad with the United States as the most popular destination. They’re priced out of the market here, and are looking to other areas and other countries for options. Property prices are still 32.4% higher compared to five years ago. There has been a 29% increase in Australian residents purchasing properties abroad.   Pros Cheaper house prices, which makes it easier to get into property based around the deposit requirements Better yields on property overseas Australia ranges from 2% - 5% Philippines from 6.13% A.E. from 5.19% Costa Rica from 7.48% Indonesia from 8.61% Provides diversification outside of the Australian market   Risks Finding the right property, knowing the area that the pro