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Australia’s Cooling Economy: 2 Things Expats Should Know

Australia’s economy is being talked down: so is property in Australia a bad buy, is employment Down Under drying up?

Published in: Property in Australia - Sun, August 14, 2011

Australian economy

Australia remains one of the most popular overseas destinations with Britons dreaming of a new life abroad.  It embodies the dream with its near perfect climate nationwide, its strong economic record to date, the lovely Aussie laidback lifestyle, and the outdoor centric way of life.

However, ever since at least 2008 economists have been consistently talking the nation down, warning of an economic cooling, of rising interest and inflation rates and a property bubble about to burst. 

Against this backdrop of doom and gloom however, Australia was continuing to rise – defying all those who said the real estate market was overvalued, and that the fundamentals were not in place to support the nation’s economic ascension.  But…things are finally beginning to change…for the worse.  But don’t panic – it’s certainly not all bad.  Here are the 3 things that expats and would-be emigrants need to know about Australia’s cooling economy, and how it may affect jobs and property in Australia.

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