NEWS
Australia beckons
Australia is reappearing on investors' radar screens, with homes there looking more affordable to overseas investors now that the Aussie dollar has weakened from a year ago.
'Australia's banks are still well capitalized and in a global economy with a lot of high-risk investments, the Australian market is comparatively low-risk, which is what many investors are looking for right now,' said IP Global managing director and founder Tim Murphy.
But the window of opportunity may not last. 'Analysts are predicting the Australian dollar will become stronger as investor risk appetite returns, making it important to borrow in the currency you are buying in and let the rental service the mortgage payments,' said Mr. Murphy.
Source: The Straits Times
Published: 28 April 2009
