Brits to Take Plunge into Australian Property as Market Turns Positive

June 15, 2009 - PRLog -- It was revealed today that mortgage approvals in Australia hit a 14 month high, as first time buyers take advantage of government grants and low interest rates.

This is a very positive indicator, and good lead to increasing numbers of foreigners looking at and buying Australian property in the coming weeks and months, according to Erin Scott, a trends analyst with overseas property portal Property Abroad.com

"There is pent-up demand for overseas property, especially with lifestyle buyers who are watching for markets to bottom, and in many cases watching currency exchange rates also. Australia is the most popular place for emigrating Brits.”

"If positive news like this continues to emerge on the Australian property market, it will likely be interpreted as a market close to bottoming, and many Brits will feel compelled to take the plunge."

The month before last the portal reported increased enquiries for Australian property, and this trend has been continuing.

"We have continued to see a lot of activity in terms of enquiries for Australian property, with figures remaining constant since they increased in April. People are definitely out there looking for bargains, and we will see more and more doing so if the market is indeed bottoming," Erin added.

Property Abroad.com is currently advertising Australia property for sale, prices start from £154,000.

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 Les Calvert or the team at: info@property-abroad.com

Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com

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Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad.