The property markets in Australia are looking a little better, as consumer confidence is said to be regaining strength. More people are expecting great things for the growth of the makets, according to a new ‘property industry confidence’ report by the Property Council of Australia (PCA).

The PCA said; “Resource-sector states (WA, Queensland, Northern Territory, South Australia) are indicating the greatest confidence, while Victoria, ACT and Tasmania are indicating the lowest confidence.” Victoria saw the lowest rate of confidence over the quarter, and 61% of respondents are expecting the prices of residential property to become even weaker throughout the first quarter of 2012.

“The data indicates the significant negative impact of ongoing economic and global financial market uncertainty that is weighing on housing market confidence and expectations… a cautiously optimistic medium-term house price view supported by a robust economic outlook, limited forced selling, improved affordability and an ongoing tightening of the Australian housing demand/supply balance,” added the PCA.

For details of property for sale in Australia, visit the Australia listings on Rightmove Overseas. One way to save money when buying down under is to use a currency specialist when transferring your pounds into dollars to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Australia, collect The Overseas Guides Company’s ‘Australia Property Buying Guide’