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Brits attracted to property in Queensland
Country: Australia
19 February 2008
A growing number of UK property investors are casting their attention to Australia's coastal property market, according to Australian property developer Juniper Group.
“There's massive interest from UK buyers in Australia's prestige (property) market at the moment, especially when it comes to investment opportunities”, Alex Caraco of Coldwell Banker said. The estate agency is marketing Australian properties for sale on behalf of Juniper Group.
Caraco added: "Some European investors could be sceptical about why they would invest in property but the high-end of the property market is rising significantly in Australia. With world financial markets shaky, a number of smart Australians have taken their money out of the stock market and put it into property just like after the 1987 Wall Street crash. People are looking for a safe haven for their money and Australia's luxury property market is rising accordingly."
Juniper Group flagship development is the AUS$850m (£400m) Soul project, which is currently under construction in the heart of Surfers Paradise, Queensland. It will contain close to 300 luxury apartments, overlooking a beach.
Around 180 apartments have already been sold in Soul Surfers Paradise, generating around AUS$425m (£200m), despite the fact that completion is not scheduled until 2010.
Caraco said: "Soul already holds the Australian record price for an apartment at AUS$16.85m and continues to set new records for the property industry.
"This is largely because beachfront living isn't just a trend in Queensland - it's a way of life. Queensland has the perfect climate for coastal living and families have been queuing up to buy beachfront properties for generations and will continue to do so.”
Some properties in Australia
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Price: £194,000
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Type: Land
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: £207,900
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Type: House
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Bedrooms: 4
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New House and land packages, in the new growth coridor.
600sm 4 bedrooms and 3 baths, lock up garage. Tired of the old houseing style of old Europe. Everything is new, new, new
in Caboolture. Low rates, and maintance
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View details | Enquire further
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Price: £214,200
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Type: Apartment
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Bedrooms: 2
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Ocean frontage, 2 bed, 2 bath. 90sm. Near new in well kept resort. 70% Occupany all year around. Low season tariff 145
per day rental. Low body corp in resort area in Sunshine Coast. Great for holidays or retirement apartment
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View details | Enquire further
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Price: £287,500
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Type: House
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Bedrooms: 1/2
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: s £367,000
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Type: Apartment
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Bedrooms: 1,2,3
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Description - Mainpoint - Melbourne’s newest land mark residential tower is a fantastic opportunity to secure your future.
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View details | Enquire further
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