Australia tops international property investment list

Australia has been placed at number one in a list of the best countries in the world for property investment.

The poll of global real estate investors by specialist groups discovered that a dip in the value of the Australian dollar and lower property prices had made the market an attractive one, after it was not mentioned in last year's study, the Australian reports.

Carried out by the Asian Real Estate Association (Area), the European Association of Investors in Non-Listed Real Estate Vehicles and the Pension Real Estate Association in the US, the survey indicated a return to developed markets.

Commenting on the results, Area co-director and managing director of Redevco Robert Lie told the news source: "A lot of investors are regularly getting on a plane to Australia this year. This was not the case a year ago."

Australia's federal government recently announced a change to visa rules that could boost the number of people from overseas investing in property in the country.