It seems the latest hot property commodity is handled Down Under on Australia’s Sunshine Coast. With plenty of sun, gorgeous beaches and a trendy lifestyle as well as very affordable prices for those coming from the UK, it is no wonder that there seems to be a mass exodus. Ok, maybe not mass, but we are sure you get the picture.

Trading eternal rain, fog and rocky beaches for sun, fun and plenty to do doesn’t seem such a hard bargain doesn’t it. Noosa which is the central hub for the Sunshine Coast has long been the playground of the trendy and is continuing to be “everybody’s” favourite. Another bonus of living in Queensland is the sheer variety of landscapes. You can experience outback, islands, beaches, rainforest’s and much more in this massive state.

While Brisbane is a great city, easy to get around and offering plenty of shopping, arts, theaters, food and more, other parts of Queensland can be very isolated from the action.

During the phase of 2006/2007, UK buyers spent some $21 million on residential properties, reports The Daily in Australia. This figure doesn’t even include off-plan properties as well as under construction developments.

Compared to the total of $558 million spent on property in Queensland, Australia, this doesn’t seem like much at all. Another major buyer group hail from New Zealand with a total of $13 million sold.

Queensland property has steadily risen by about 26% yearly since 2003. While the current costs might be on the higher end for the average Australian income earner, overseas buyers (especially from Europe) have got to laugh at these prices. Often properties in the UK are valued twice the worth of the ones on the Sunshine Coast which makes it near possible to out buy for those who have some collateral.

Brisbane, Queensland’s capital city is considered a top favourite in the property acquiring game. While the global property crunch is continuing, this could have effects into the Australian market too. Buyers who have the necessary means of sustaining themselves through perhaps harder times, should however have no troubles getting a great deal for their overseas money.

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