Australia is the destination that the majority of Brits would like to relocate to for a new start, new research has found.

According to a survey conducted by Moneycorp, 72 per cent of those questioned pinpointed the country as their favoured location to start afresh. The news could lead to an increase in the number of people searching the web to find a new home in Australia, with 27 per cent of respondents claiming that they were keen to buy a property down under.

Other popular destinations highlighted by the survey are the US, Spain, Canada, France and New Zealand.

David Kerns, personal client dealing manager at Moneycorp, told Overseas Property Professional that government spending cuts, coupled with tax increases and bad weather has led to a number of people thinking about making the move abroad.

As we move into what is thought of as being the most depressing time of year, we expect to see a rising number of enquiries to Moneycorp from those looking to make a new start in places such as Australia, the US and Spain, he said.