Australians buying overseas

The current value of the Australian dollar  makes Australian real estate  overpriced and overdue for correction.         Time for Australians to buy into the UK market. There are plenty of bargains especially in high demand better parts of residential London.          Anyone keeping up with prices in both countries can observe this.                For example, UK media reports stated that Tony and Cherie Blair recently bought one of their offspring a substantial London house in a good area for one and a half million pounds.     While a recent Australian guide listed a pretty crumby house several streets back from the beach in a coastal NSW suburb at 3 million AUD.        Given that London residential is some of the most sought after, in demand real estate on the planet whilst Australia is quite far away from the action, the point is clear.                  Australian real estate is rather overpriced. Dont buy it right now unless you absolutely must.                          Another factor is Australian interest rates. These should rise soon if the Australian economy is to maintain buoyancy long term. So Australian house prices would then drop.
 * follow this advise at your own risk. It is only unqualified opinion.