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Economic figures could lead to more property investment

Figures showing a fall in Australian inflation rates may be good news for property investors.

A new set of figures have been published that have shown that Australian inflation rates have fallen, which could be good news for those investing in Australian property.

Austrade has released details about the country's performance and position in a number of key indicators relating to its economic performance, news4us.com has reported.

The Australian Bureau of Statistics has shown that consumer prices only rose by 0.4 per cent from the previous quarter, with inflation targets for 2011 predicted to be at between two and three per cent.

The news provider also highlighted the stable unemployment rate, despite the country's growing population.

It also reported that the country's financial access and markets, its banking sector and the non-banking financial services industries have led to the country being named the 5th best economy in the World Economic Forum's Financial Development Index.

Earlier this week, author Steve McKnight told the Herald Sun that the strong Australian dollar has led to a rise in the number of people choosing to invest in Australian property.

- property, investment, Austrade, ABS, economy, inflation

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