Australia Property Boosted by Rate Cut

The Reserve Bank of Australia (RBA), this week announced yet another interest-rate cut because of an expected fall in inflation. RBA cut its cash-rate, the equivalent of the Bank of England base rate, by 1%, taking it to 4.25%, its lowest rate since 2002. Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the rate-cut:

"You don't need to be a rocket scientist to know that an interest rate cut is good news for overseas property buyers, but at a time when more and more Britons are considering immigrating to OZ, this is welcome news indeed. The reason given for the rate cut is a healthy one; that Australia is keen to keep its excellent record on inflation, by keeping it between 2 and 3%. This interest rate cut will not only potentially make mortgages easier to obtain, but perhaps make emigrating to Australia achievable for more people, when it is difficult to sell UK homes, by making taking a second mortgage less taxing."

Property Abroad have some excellent properties in Australia. For those emigrating decent size resale properties start at no-less that £250k, off-plan properties however can be bought for as little as £170,000 in Queensland, which gives an indication of the immediate gains possible on off-plan properties in Australia.

One such property is the Zone development in the centre of Australia's tourism capital, the gold-coast, in the fantastic seaside resort of Mermaid Beach. A 2 bedroom luxury apartment on the five-star Zone Development costs just £170,000. Because of the low prices and their location these properties are capable of attracting rental yields of 10% and over, because of the strong tourism market in the area. And as stated above they have the potential to make an immediate capital gain of at least 30%.

Property Abroad have hundreds of Australian properties throughout all of Australia's most popular regions. Find out more by visiting the site.

Post a Comment about 'Australia Property Boosted by Rate Cut' Here >

Emigrating Brits - Great News for Australian Resale Market

New research by Alliance & Leicester International (ALI) has revealed that the main reason for people to emigrate from Britain is the weather, and that their top destination is Australia. This research compliments a survey carried out a few months ago, regarding a mass exodus of Britons this year, although that survey also mentioned Canada as a top destination, and was far more detailed regarding the reasons for their emigration.

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the findings:

"This does not surprise me in the slightest, Australia has long been the top destination for people to emigrate from Britain, but it has been challenged in recent years by a few other places such as New Zealand and Canada. This however is great news for the resale market because people who emigrate buy existing properties from the resale market as oppose to off-plan developments"
For anyone thinking of emigrating to Australia, Property Abroad have some fantastic properties in Australia.

The lowest priced property in Australia currently being advertised by Property Abroad, is two bedroom apartments from £170,000 in the Zone off-plan development on Mermaid’s Beach, Queensland. The resort style development has a swimming pool, full-size tennis court, and is completely secure, including a two-way intercom system to prevent unauthorised access to the building.

The Gold Coast of Australia, receives over 4 million tourists per year, the majority of which visit Queensland during their stay. Luxury properties on a five star resort development such as the Zone, are therefore capable of fetching a 4-6% rental yield, and appreciating by at least 10% per year for the next few years. Immediate value growth once the resort is completed will be at least 15%.

About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: les@property-abroad.com

<Australian property news

NB: Please feel free to use any of our articles on your website but remember to create a link back to our website or we will ask you to remove it

Post a Comment about 'Emigrating Brits - Great News for Australian Resale Market' Here >