Expats should invest where the money is

Brits looking to buy property in Australia should do their research to ensure they invest in an area that is likely to be economically lucrative, it has been suggested.

There are certain areas of the country where the mining activity will be a driving force behind the local economy, explained director at TheMoveChannel Dan Johnson.

He advised people who are looking to buy a home – perhaps by using an international money transfer system – to find out which regions are being explored by mining companies and where the mineral deposits are.

"Look at the areas that are on the fringes of that, where you could move to and follow that trend," Mr Johnson said.

These locations will benefit in a way that the rest of the national economy will not, he added.

According to a report published this month by thinkingaustralia, the average price for a two-bedroom house in Sydney was £319,000 and £234,000 in Perth.

Melbourne and Adelaide were slightly cheaper and the average price here was £170,000.