australia property still popular with emigrating brits
News Posted On: 14 March 2009
The credit crunch has done nothing to slow people's desire to emigrate down under, claim overseas property portal Property Abroad.
Enquiries into Australian property by lifestyle have reduced the least since the credit crunch hit, than enquiries into properties in any other country, according to Erin Scott, an analyst of emerging trends at the portal, she said:
"The average number of leads for Australian holiday property per month in January, and February, it is 2 less than the average for Q4 2008, which increased by 10% on Q3 2008, which was 5% up on Q2.
"Some overseas locations didn't feel any affect from the credit crunch until Q4 2008, at which point leads dropped off rapidly. However, the rising cost of living and stressful work environment of the UK, is a contributing factor in record numbers of people looking at emigration, hence the credit crunch, making life in Britain worse has done little to stem the flow of people looking to buy property in Australia."
The number of leads for Australian property's correlation with rising emigration to Australia may have something to do with the properties on offer at the portal; resale apartments on the waterfront of Sydney harbour from £173,000 must look very attractive to emigrating Brits. The portal is also advertising a 2 bedroom apartment in Perth for £350,000.
Property Abroad has hundreds of properties for sale in Australia with prices starting from £170,000, find out more by visiting the site.
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