australian property buyers should consider more than cost
News Posted On: 14 January 2009
Prospective buyers of overseas property in Australia should look at more than the cost of the houses they are considering.
Dan Johnson, director at TheMoveChannel.com, said that Australia, like any other country, offers a variety of differently priced residences.
However, he said that a cheap home is necessarily a good investment and a top-end property does not mean a poor financial decision.
"I wouldn't suggest that the price should be the overriding factor for making that kind of decision," Mr Johnson advised.
This month, ThinkingAustralia.com reported that the average price for a two-bedroom house in Sydney was £319,000 and £170,000 in Melbourne and Adelaide.
Investors looking to rent out a one-bedroom flat in one of the major cities could expect to get £500 per month in Sydney, £280 in Perth, £190 in Adelaide and £350 in Melbourne.
Written by Les Calvert
Renting Property Abroad - thousands of properties for rent from around the world
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