Hartlepool, Cleveland United Kingdom (PressExposure) December 10, 2008 -- 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 http://www.property-abroad.com/australia/search/?x=x&bedrooms=1 properties in Australia. For those emigrating decent size resale properties start at no-less that Â£250k, off-plan properties however can be bought for as little as Â£70,000 in Queensland, which gives an indication of the immediate gains possible on http://www.property-abroad.com/australia/ off-plan properties in Australia.
One such property is http://www.property-abroad.com/australia/search/?ref/zone 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 Â£70,000. 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.