HomeUnion, an online real estate investment management firm, has formed a partnership with Waugh Global, a leading online investment platform for developers and property owners that list real estate in India. With the launch of the new partnership, Waugh Global’s investor clients can now purchase fully vetted and managed residential properties on HomeUnion.com.au in 11 markets across the United States.
“HomeUnion offers investors an online investment and management experience for buying single-family rental (SFR) and multifamily properties,” according to Don Ganguly, CEO of HomeUnion. “With a combination of big data and on-the-ground real estate experts, we match investors with U.S. properties based on their individualized investment goals, whether they’re seeking high yields, appreciation or balanced investments. The ability to invest in real estate remotely gives Australian buyers a huge advantage, considering the current heated state of their property market,” notes Ganguly.
According to an October 2016 opinion piece in the New York Times, housing prices in Australia have risen 7.25 percent per year over the past 30 years, leaving the country with some of the most expensive real estate in the world. In the third quarter, prices in major cities rose 11.2 percent on an annualized basis. Compare that to San Francisco, where real estate prices have risen approximately 6.5 percent per year since 1986.
“Waugh Global created an online platform for real estate transactions that’s unlike any other,” says Steve Waugh, Chairman of Waugh Global. “We offer access to more than 200,000 properties across India and the subcontinent, which is empowering investors from India and all over the world to invest in this nation’s emerging economy.”
A former professional cricketer, Waugh founded his company in 2014 with the goal of transforming India’s infrastructure and real estate market over the next 10 years.