If you're interested in the real estate market, you won't want to miss this update!
The latest Sight Unseen report shows that Queensland continues to attract a large number of interstate investors, with an increasing trend. In the past year, almost a million Aussies have gone property hunting remotely, making up one in three of all digital property inspections.
Remote working, rising cost of living and a general sense of fatigue with big cities have driven buyers, particularly from southern states, to seek sea and tree changes. Little Hinges CMO Mike York says, "This trend has been particularly evident in Queensland, where an average of 33% of all property inspections come from outside the state."
The Gold Coast is experiencing a surge in international inspections as well, with an average of 7.8%. The Sunshine Coast follows with the second-highest percentage of interstate inspections, and Brisbane has seen "consistent percentages of interstate inspections" in the past year. Sydney and Melbourne also saw growth in their real estate market over the second half of 2022.
If you're looking to invest, the Gold Coast has 42.6% of its inspections coming from interstate, and 7.8% from international buyers. The Sunshine Coast has 34.6% of its inspections coming from interstate and 5.6% international, and Brisbane has 21% of its inspections coming from interstate and 5.5% international.
Agents and property managers are increasingly turning to virtual and physical inspections to expand their prospect base. The Sight Unseen report analysed over three million virtual inspections from January to December 2022.
So, what are you waiting for? Join the trend and find your perfect property in Queensland!