The real estate market in Australia, along with Canada, has seemed to weathered the global economic crisis relatively well and although investors are a little nervous, investment can still be seen in both residential and commercial property.Compared to America, the real estate market in Australia is a relatively safe bet. Banks now offer more variable type interest rates, Governments grants are being awarded to first time buyers and strict lending rules have been put in place to cut down on unqualified lending by banks. This has helped keep the number of repossessions to a minimum which could further damage the hope island property market.Properties in coastal areas are prime as our properties in key cities such as Sydney, Melbourne and Perth, however a good buy can still be found.Australian Real Estate