Australian real estate attracts overseas investors

The Australian property market has in the last few months started to cool after a long period of rising property prices across most capital cities, but all is not lost.

While the populace has started to back away from joining the property ladder due to rising interest rates no such qualms are being felt by overseas investors.

Agents specialising in Australian real estate for the residential sector are branching out to the international community in the search for investors keen to broker a deal. Many agents are targeting foreign shores with property exhibitions and their hard work is paying off with increasing numbers of interested investors from countries that include Hong Kong, China and the UK to name but a few.

According to information supplied by the Real Estate Buyers Association of Australia foreign buyers purchased Australian property valued at £14.5billion last year and many experts believe the figure will be higher at the end of 2010.