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Australian Property

Discussion in 'Buying Overseas Property' started by Damian George, Oct 16, 2008.

  1. Damian George

    Damian George New Member

    Hi All,

    Thought i havent been here for a while and point out a new opportunity. The credit crunch and global meltdown has presented a very unique opportunity;

    Australian Property

    The pound to australian dollar exchange rate has risen by more than 27% and you can now buy australian dollars at 2.6500+.

    This means an average priced australian property would have cost $300,000 australian dollars in July this year would have cost in;

    US Dollars - $288,000.00
    Euros - E191,000.00
    Pounds - £150,000.00

    Today the cost

    US Dollars - $195,000.00 saving 93k us dollars
    Euro - E144,000.00 saving 46k euros
    Pounds - £113,000.00 saving 37k pounds.

    this can be a brilliant opportunity for the australian property market and especially since you can still get a decent range of australian mortgages.

    Also the fact that rental prices are soaring in sydney to a rental property shortages make the opportunity all the more tempting.


    so if you need to have a look start at Real Estate, Property, Land and Homes for Sale, lease and rent - realestate.com.au and give me a call if you need to buy australian dollars
     
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