People in New South Wales are taking an interest in Australian property.
Investors are putting the recession behind them and purchasing property in Australia's New South Wales state, according to estate agents in the Northern Rivers region.
A wide variety of buyers are snapping up properties, ranging from two-bedroom villas to $1.85 million (£1.11 million) retreats, with the high-end market seeing the most improvements.
According to John Nicolson, principal for Ballina and Byron Bay at McGrath's estate agents, the overall state of the Australian economy is helping to push sales of property across the region.
"When the global financial crisis hit it was the top end of the market that was most affected. [But] there's a perception that the economy is going well. There's a strong interest right across the market," he explained to the Northern Star.
Recent figures from the Housing Industry Association revealed that the Australian Housing market saw a 9.5 per cent rebound in January, with upgrade owner-occupiers and investors coming into the market.
Posted by Craig Francis
Investors are putting the recession behind them and purchasing property in Australia's New South Wales state, according to estate agents in the Northern Rivers region.
A wide variety of buyers are snapping up properties, ranging from two-bedroom villas to $1.85 million (£1.11 million) retreats, with the high-end market seeing the most improvements.
According to John Nicolson, principal for Ballina and Byron Bay at McGrath's estate agents, the overall state of the Australian economy is helping to push sales of property across the region.
"When the global financial crisis hit it was the top end of the market that was most affected. [But] there's a perception that the economy is going well. There's a strong interest right across the market," he explained to the Northern Star.
Recent figures from the Housing Industry Association revealed that the Australian Housing market saw a 9.5 per cent rebound in January, with upgrade owner-occupiers and investors coming into the market.
Posted by Craig Francis
