Australian property is 'a stable investment'

Property investors looking for strong, consistent performance from their portfolios should consider investing in Australian property.

According to recent research from MoneyCorp, Australian property is a top choice for British investors for a number of reasons.

The firm claims that the clement weather, the Australian lifestyle and the country's stable economic outlook during the recent global downturn have all played a part in Australia's strong property performance.

Commenting on the pros and cons of investing in Australian property, Shelter Offshore said: "Property in Australia does not constitute a bargain in relative terms - however, it can represent a good, solid long-term buy if researched well.

"Location is an important consideration as is over supply - but for Brits also thinking of moving to Australia, buying a home there is almost a no brainer."

Australia's Bureau of Statistics recently published figures showing that average property prices in the country have risen by 20 per cent in the past year. 

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