Also Published On: http://www.21stCenturyNews.com.au

The US Department of Housing and Urban Development’s most recent housing start data for August found privately owned housing starts were at a seasonally adjusted annual rate of 750,000- 2.3 per cent above the revised July estimate.

And that is 29 per cent higher than August 2011 rate or 581,000 S &P Dow Jones Indices’s chairman of the index committee, David Blitzer, said all the signs were there for recovery.

“Existing home sales are up, inventory of home sales is down and foreclosure activity is slowing,” he said. “House price movements are crucial Consumers are more likely to buy or build a house if they believe in the medium term, their asset will appreciate,” said Micheal Hobbs of the Australian Financial Review. “All the indicators are pointing in the right direction in the US, I don’t think there’s any question about the direction of activity going up,” said Credit Suisse analyst Andrew Peros, who covers listed building material companies.”I met with a bunch of unlisted home builders in the US and it really is hard to find someone that is not bullish.”

Kartik Gupta of 21st Century US Property based in Melbourne Australia who sources distressed US houses for Australian property investors and guarantees a 15-20% rental yield says business has doubled in recent months.Largely from increased demand of Australian investors realising that for the cost of a car you can own a US house paying positive cashflow .

This is unheard of in Australia’s housing market and they can do it without even leaving there lounge room if using a service such as he provides.” He said,” that many investors are now being creative and using their super funds as well to buy additional US Properties and that his hardest job is now finding enough property for his investors and he has to spend more time in the US with his on the ground team to locate more and more property.”

He went on to say,” that many of his clients that purchased a year or so ago are coming back for several more as they have not only banked good rental cheques every month but are seeing price appreciation.” He said ,” so much so we no longer even bother trying to find property in cities like Phoenix as its to hard to get the best deals whereas a year ago majority of properties were being sourced from Phoenix.”

With the tide turning on sentiment towards a solid US Property recovery and services making it easier for Foreign investors such as Australians it is expected to become a mainstream investment option inside the next 12 months for savvy Australian property investors.

In fact it was recently ranked the number 2 investment strategy for 2012 just behind a land buying strategy using options known as land banking which doesn’t require finance or holding costs and those with as little as $35,000 including super have been able to access.

Jamie McIntyre is the founder of the 21st Century Group of companies and CEO of 21st Century Education. He is also bestselling author, successful entrepreneur, investor, sought after success coach, internationally renowned speaker and world-leading educator. www.jamiemcintyre.com

Jamie McIntyre is the founder of the 21st Century Group of companies and CEO of 21st Century Education. He is also bestselling author, successful entrepreneur, investor, sought after success coach, internationally renowned speaker and world-leading educator. http://www.jamiemcintyre.com

Author Bio: Jamie McIntyre is the founder of the 21st Century Group of companies and CEO of 21st Century Education. He is also bestselling author, successful entrepreneur, investor, sought after success coach, internationally renowned speaker and world-leading educator. www.jamiemcintyre.com

Category: Education
Keywords: 21st Century Education,buying,cash,housing,investing,Property,returns,Success,urban development