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Overseas Property News
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Sterling stalls following rate cut
Country: Australia
5 March 2009 Sterling’s slump this week is set to continue with today’s interest rate cut from the Bank of England – and speculation of quantitative easing measures may well have even gloomier repercussions for the currency, according to currency specialist, FC Exchange. Today’s decision sees the interest rate cut down to 0.5% - its lowest ever level in 300 years – and also sees the Bank of England rapidly running out of room to try to kick-start the economy. Nick Fullerton, MD of FC Exchange comments: “Although the interest rate decision will have been priced into the markets, we may still see a drop in sterling with the cut, adding to drops already experienced this week. No major currency is particularly strong at the moment, so any gains made in certain pairings are more than likely to be down to positive data out-performing that of another. “The next step could be quantitative easing measures, which could swing either way for Sterling, as it is unclear how this measure could work. Introducing more money into the central bank is a proactive if not aggressive step and could work well for Sterling. But as we know from other central banks using this measure, it doesn’t always have a happy ending.” The markets today price sterling at €1.12 and $1.41 against the euro and US dollar respectively, closing at roughly the same last night.
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: £225,291
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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: £232,118
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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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