Individuals looking for an idyllic Australian property to set up a home could be interested in recent news about Coffs Coast.
According to the Coffs Coast Advocate, house prices in the region have risen significantly as a result of increased demand for homes.
In addition, local landlords have been put under pressure following a year-long shortage of residences and units for lease.
The surge in first-time buyer activity comes after a difficult period for property in the country and represents a step in the right direction for the local market.
Dr Andrew Wilson, Australian Property Monitors senior economist, said: "The market has not seen an interest rate rise in seven months and it's unlikely there will be one in the short term, which is positive for property market investors."
This news comes after the Sydney Morning Herald revealed the city's house prices increase by 1.1 per cent in May, suggesting a reasonable upturn in the 2011 housing market.
Posted by Craig Francis
