Dramatic price falls seen elsewhere in the western world have not really been replicated in the country, according to Property Frontiers.
This makes Australian property investment likely to prove popular with international investors, the property company's head of research Christopher Chadd claims, perhaps among expats considering Australian migration home loans.
He explained: "Then last year we see that Melbourne and Sydney experienced double digit growth and it remains difficult to say why."
However, he warned investors that it is harder to make justification for purchases in areas outside of the larger cities, such as Melbourne, Perth and Sydney.
Australia was ranked in seventh place on the most recent Global Property Guide, ahead of Malaysia, South Africa and Abu Dhabi.
The country was also among the countries that saw a property price increase in 2009.