French chateau the new shack

Written By Unknown on Sabtu, 20 Oktober 2012 | 22.54

FROM Pooraka to Provence: Australian buyers are saying "oui" to the French lifestyle and buying up chateaux which cost no more than some four-bedroom houses in Adelaide.

Thanks to the strong Aussie dollar and languishing French property market, rural properties that would not look out of place in a fairytale cost just $20,000 more than Adelaide's current median house price of $384,000.

A 15th century chateau near Bourges, a little more than 2.5 hours from Paris, comes with its own moat and lake, three apartments, a cellar and a barn and is selling for $404,089.

For the same price in Adelaide you could buy a three-bedroom townhouse in Seaton, a brick home on a large block in Klemzig or a four-bedroom family home in Aberfoyle Park or Hamley Bridge.

For a bit more, $602,392, you could own a fully restored three-storey chateau in the north of France - complete with six bedrooms, four bathrooms and set on more than 8000 sq m of landscaped gardens.

Interest in buying in the romantic European nation is at an all-time high, according to French property expert Gaelle Perreaux, who said inquiries had grown markedly since 2008.

"The prices of properties in Australia are so high that people get so much more for their money in France," Ms Perreaux said. "This has led to a dramatic increase in the number of Australians actively looking to buy and live in France."

Chateau buyers are typically attracted to properties with character, where the owner can walk to a local bistro or village bakery, according to Ms Perreaux.

The Regence Chateau in Berry, near Bourges, in France is for sale at a price comparable to an Australian family home.

"There has been a high amount of interest in older, historic properties that have been renovated while keeping original features."

There were some differing requirements to purchasing a property compared with Australia, but the process was not difficult, Ms Perreaux said, adding that distance was the biggest factor for signing legal paperwork.

But for those planning to hunt for a bargain, she said while a property may not cost much initially, some could require significant work before you move into them.

"It is something to consider when buying a cheaper property and having to organise the renovation or buying a property that someone else already renovated, even partly," she said.

Real Estate Institute of SA president Greg Moulton said while the French deals could sound good on paper and appeal to a buyer's romantic side, potential owners still had to do their homework and weigh up the cost of buying internationally rather than locally.

"Property is a long-term investment and there are definitely advantages to buying (locally) where you understand the market and can engage with local property professionals," Mr Moulton said.

"You also have to weigh up how often you'll travel to your French home, or whether a beach house on the south coast might better suit your lifestyle.

This property at Albert St, Pooraka, South Australia, is for sale between $395,000 to $420,000.

"That way, you can indulge your inner Francophile with McLaren Vale pinot gris, Alexandrina camembert and a Fleurieu outlook."


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