As the price of property continues to increase in Australia, an increasing number of buyers are looking offshore to invest in real estate, and there are many options to explore. The value of the dollar stretches much further in some regions than others. A small unit in London will run about a $1m where as for the same price you can buy a sprawling retreat type home in Phukhet. Here’s a look at some of the world’s most fashionable locations and what a million dollars will buy.
Sydney
A million should buy you a two-bedroom apartment in Pyrmont’s exclusive enclave with state of the art amenities. A lovely modern expansive home that offers resort style living with floor to ceiling windows and exquisite views.
London
A small one bedroom flat in the trendy Islington with shops, bars and restaurants within walking distance. This flat features a covered heated balcony, which is perfect for entertaining and gives the flat a much-needed extra indoor/outdoor space.
Costa Rica
With a million dollars, you could purchase a 6000 square foot home in the ocean front resort community of Hacienda Pinilla. This six-bedroom hacienda is complete with a swimming pool, exposed beam ceilings, a formal dining room, vaulted ceilings and air conditioning. The resort community offers golf, tennis, dining and spa services. (Pretty luxurious!)
Phukhet
If you are ready to escape the hustle of urban life or looking for an ideal vacation retreat, a million dollars will buy you a palatial home in this popular tourist spot in Thailand.
New York
Back to reality! In the big apple, a million dollars will buy you a small 850 sq foot one bedroom in the trendy Greenwich Village on Mercer Street. With double exposure, this apartment is light and bright with newly updated appliances. It is a comfortable space for a single or a pied a terre for a couple. Located downtown in one of Manhattan’s hippest neighbourhoods, you are in walking distance to great bistros and shops.
Buenos Aires
A million dollars in this popular city buys a gracious old world flat with Latin warmth and sophistication. This city is a favorite international destination and not without reason. The strength of the dollar coupled with a European influence and vibrant culture in this breathtaking South American city makes it an inviting place to live. Three expansive bedrooms, a formal dining room and living room with pre-war architectural details creates an elegant living space. This home doubles as the perfect retreat and place to entertain.
