Australia calling for first time buyers

16-May-2005

First time buyers in the UK looking for an alternative way to get on the property ladder are being offered the opportunity to set up home in Australia.

Click here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK's leading High Street Brokers, Bradford and Bingley

Mike Rann, the Southern Australian Premier, is looking to tempt aspiring homeowners in the UK to move Down Under to fill key worker positions in the country's economy.

As such, key worker homes are currently on offer at very low prices in the region, where house prices are already well below levels in the UK.

South Australia's government has revealed that its population has significantly dropped in recent times, resulting in a desperate need for key workers such as doctors and nurses, teachers and policemen.

As a result, the federal government has changed the rules to make it easier for UK citizens to work and live in the region, and as such many key workers are being wooed by the opportunity to get a foot on the property ladder and acquire cheap housing in the country.

Click here to find out how to get onto the property ladder by buying to let somewhere else

Meanwhile, new research in Scotland has revealed that the Scottish are becoming increasingly keen on so-called "fly-to-let" schemes as an alternative way to get on the property ladder.

Australia appears to be the perfect destination for those looking into fly-to-let deals, whereby an aspiring homeowners buys property in a country where prices are much lower than the UK, and then rents it out as a standard buy-to-let property.

Click here to ask about the legal costs of house-buying or to ask a legal question specific to your own situation

Click here for our first time buyers guide

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