Australian property ‘can be affordable’

Oct 27, 2011 Real Estate Advice

Although not all regions in Australia have seen their property prices decline, there are still affordable areas that Brits relocating overseas may want to target. This is the assertion of editor of A Place in the Sun Magazine Liz Rowlinson, who explained there is a “huge spectrum” of homes available on the Australian real estate market. While some parts of the country are more affordable than the UK, she pointed out the destinations such as Sydney remain “very expensive”. Among the most popular locations for Brits are Perth, Victoria and New South Wales, Ms Rowlinson advised. Earlier this month, an article for Global Property Guide noted that the Reserve Bank of Australia has been attempting to cool house price growth in the nation. The publication highlighted interest rate rises that were implemented at the end of 2010, which have succeeded in weakening the real estate sector and reining in climbing property values.  

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