After a three year hiatus, Formula One racing is returning to the states in 2012 for a 10 year stint... and better yet, the track will be right here in our own backyard in Austin Texas. A southeast Austin site once previously planned for a residential subdivision has been revealed as the home to the F1 race track.
This breaking news is huge for the Austin area and more specifically exciting news for Southeast Austin. Southeast Austin is trending to be the place to build or buy a home, especially for the first time buyer or the frugal investor. Home prices are are still really low. This is due to the inexpesive land cost, a higher percentage of undeveloped land and lack of retail development in the immediate area. These factors are attracting first time home buyers and home builders to Southeast Austin. With the expansion of Highway 130 (a toll road spanning from Georgetown, Texas to one day Seguin, Texas) providing quick access to all areas of Austin and beyond, the addition of the Fomula One track and easy access to the airport - Southeast Austin is proving to be the next booming spot within the Austin area.
This breaking news is huge for the Austin area and more specifically exciting news for Southeast Austin. Southeast Austin is trending to be the place to build or buy a home, especially for the first time buyer or the frugal investor. Home prices are are still really low. This is due to the inexpesive land cost, a higher percentage of undeveloped land and lack of retail development in the immediate area. These factors are attracting first time home buyers and home builders to Southeast Austin. With the expansion of Highway 130 (a toll road spanning from Georgetown, Texas to one day Seguin, Texas) providing quick access to all areas of Austin and beyond, the addition of the Fomula One track and easy access to the airport - Southeast Austin is proving to be the next booming spot within the Austin area.
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