Australia recommended to investors

Overseas property investors in the UK have been advised to consider purchasing a residence in Australia.

According to the Foreign Property Buyer website, there is currently very strong demand for housing in the antipodean nation.

This was partly attributed to the fact that Australia's population is continuing to rise.

Specifically, the country was said to be very popular with migrant workers, in particular skilled professionals who want a good job and a high standard of living.

Foreign Property Buyer added this demand means that Australia is well-placed to weather the ongoing turbulence in the global economy.

As a result, it believes the country could be ideal for Britons who are seeking a secure investment overseas.

"Australian property looks like a fairly safe bet for many foreign property investors," the website commented.

Paul Arthur, director of The Emigration Group, recently told the Western Mail that the country is proving to be very popular with skilled professionals such as doctors and architects.

Speaking to the newspaper, he said Australia's "booming" economy has made it an appealing destination for those who wish to progress in their career.