Our mates from Down Under have been taking advantage of a weak U.S. dollar.
According to an article in the Star Advertiser, visitors from both Australia and New Zealand were up 26.5% last year. It also appears this is a trend that will continue with the weakening U.S. dollar. It’s no secret Japanese and Canadian investors have been snapping up Hawaii Real Estate.
I predict we’ll also start to see an increase in real estate investment from our Aussie and Kiwi friends. Traditionally, they’ve eyed out Waikiki as a great place to invest. However, Aussies started snapping up some luxury real estate on the Gold Coast of Diamond Head and two parcels on Kahala Ave. for $7,760,000 and $3,990,000 in August of last year.
There are some great opportunities for investment in Hawaii. Whether you’re a foreigner looking to take advantage of the weak U.S. dollar, or a local investor keen on taking advantage of today’s low interest rates, contact me for more information.
annie
February 23, 2011
Thanks, Rich! There are alot of foreigners here on the Big Island right now, too, for the SAP covention! Fun tidbit: The convention organizers brought some top rate entertainment; Cirque de Soleil and Elton John!! These folks may be too busy with events to think about what they could buy in Hawaii. Not sure. Anyone getting feedback on this?
annie
February 23, 2011
Thanks, Rich! There are alot of foreigners here on the Big Island right now, too, for the SAP covention! Fun tidbit: The convention organizers brought some top rate entertainment; Cirque de Soleil and Elton John!! These folks may be too busy with events to think about what they could buy in Hawaii. Not sure. Anyone getting feedback on this?