Holiday Lettings news - 'Good' rental availability in Australia

'Good' rental availability in Australia

Adelaide in Australia has a large number of rental properties available, which will widen the choice for holidaymakers.

According to Knight Knox International, the Australian government has put significant investment into the area making it a "popular" destination.

Lorraine Price, a spokesperson for the global property group, said: "There's a lot of development going on, there's a lot of rental properties there. And they've just struck oil north of the city about two weeks ago, so that's going to bring a lot more revenue in."

Meanwhile the Courier Mail reported similarly "strong rental growth" in Brisbane.

She added that not many people will buy a home there just for holidays unless they are planning on emigrating or are looking for an investment.

Thinkingaustralia .com recently revealed the average price of a two-bedroom house in Adelaide to be £170,213 and a two-bed apartment to cost £250,000.

In 2005 the government released figures showing that around 380,000 people from the UK chose to emigrate that year, with Australia being the most popular destination.

This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
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