Investing in Australian property in the holiday homes sector has picked up following a drop in activity at the start of the global financial crisis, it has been claimed.
Speaking to Smart Company, principal of Ray White Real Estate in Port Douglas Alan Crossman explained that activity picked up in the 12 months to December 2009.
He said: "This last year has been good for homes and private villas, because people who may normally have gone overseas have decided to stay.
"From our standpoint, 2009 was generally speaking a very good year. We don't know yet for 2010, but the forward looks are quite promising."
Commenting last week, head of research at Property Frontiers Christopher Chadd suggested that the Australian property market has been an "anomaly on the global stage".
He indicated that Australia has largely avoided the fall in residential property prices experienced throughout the rest of the western economies.
Speaking to Smart Company, principal of Ray White Real Estate in Port Douglas Alan Crossman explained that activity picked up in the 12 months to December 2009.
He said: "This last year has been good for homes and private villas, because people who may normally have gone overseas have decided to stay.
"From our standpoint, 2009 was generally speaking a very good year. We don't know yet for 2010, but the forward looks are quite promising."
Commenting last week, head of research at Property Frontiers Christopher Chadd suggested that the Australian property market has been an "anomaly on the global stage".
He indicated that Australia has largely avoided the fall in residential property prices experienced throughout the rest of the western economies.
