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Expatriate Insurance News: Australian housing market 'is solid'

Expat health insurance policyholders planning to move to Australia may wish to think about its house prices alongside the other things to consider when relocating abroad.

This market is "likely to remain flat" until the volatility seen in shares and the global economy subsides and "consumer confidence recovers", Australian Property Investor editor Eynas Brodie declared.

She noted that the nation has low levels of unemployment, tight regulations on lending practices, a strong economy and an undersupply of accommodation in some regions.

This has resulted in the "housing market holding firm", contrasting what has been seen in other countries around the world, the expert continued.

She pointed out that the nation's mining industry is expected to undergo a rapid expansion in the near future and this is combined with little joblessness and "relatively steady interest rates".

Therefore, "the economic fundamentals of Australia remain strong", Mrs Brodie claimed.

Homeowners in the country are currently saving more money than they have done for 20 years and are likely to channel this cash into real estate or other investments, she stated.

The expert argued that the market will enjoy "healthy rates of growth in the long term" when the global economy recovers.

Australia is a vast country with many remote areas and many of these can be hours away from assistance, according to the British government's Foreign and Commonwealth Office.

People bushwalking or travelling through national parks should be aware of the potential for health problems due to the intense heat and rough terrain.

It is more prone than other countries to natural disasters including bushfires, flash flooding, heavy rain, dust storms and tropical cyclones.

Furthermore, deadly species including sharks, jellyfish and crocodiles live in or around the country, whereas poisonous snakes and insects also pose a risk to humans.

Motorists in the nation drive on the left like those in the UK, but there are different roadway laws that should be learned and abided by, the government body noted.

Moving abroad? Get a free quote for your international medical insurance online.
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