Gloomy Weather and UK Property Market Stagnation Drives Funds to Sunny Australia

Property experts at Australian Investment Property report that investment funds are flowing to Australia faster than ever in a rush to escape gloomy weather and an even gloomier UK property market. While the UK property market suffers its steepest falls for several decades, sales in Australian property hot spots remain buoyant.

(PRWEB) January 16, 2009

Property experts at Australian Investment Property report that investment funds are flowing to Australia faster than ever in a rush to escape gloomy weather and an even gloomier UK property market. While the UK property market suffers its steepest falls for several decades, sales in Australian property hot spots remain buoyant.

Property is still in demand in key locations such as Noosa on the Queensland coast. In these must-have locations demand has long outstripped supply, and rental incomes continue to deliver excellent returns.

Analysts at Australian Investment Property say that the world's endless fascination with the Australian beach lifestyle and a continuing shortage of coastal development land continue to push values upwards. Everyone wants a slice of that idyllic way of life - and they're prepared to pay for it.

For those who are new to the Australian property market, Australian Investment Property (http://www.australianinvestmentproperty.co.uk) is the easiest route in. The analysts at Australian Investment Property know the country well. They are in touch with the leading developers and they only choose properties with investment potential. They also know their way through the Australian tax rules which vary from state to state. For example, those who buy off-plan investments in Melbourne or the state of Victoria qualify for generous tax breaks on stamp duty.

The range of properties on offer includes off-plan and new build. As well as those glorious coastal villas and apartments, there are plenty of city-centre apartments for those who want a toehold in the urban property market. Since sterling has not declined against the Australian dollar as steeply as it has against other currencies, the Australian property market still looks cheap to many UK investors. Prices start at around AU$ 500,000 (roughly £230,000) for city-centre apartments and rise to AU$ 5m (around £2.3m) for the most desirable residences created by popular architects such as Arkhefield, Gabriel Poole, and Owen and Vokes.

To find out more about the affordable and highly desirable Australian property market, visit http://www.australianinvestmentproperty.co.uk.

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