Rental Sight Unseen Report | 2023 Wrap Up

2023 Key Market Insights at a Glance:

• Overall Trend: About 22% of digital rental inspections were from out-of-state, showing a strong trend of one in five renters exploring properties across state lines.
• Sunshine Coast: A QLD favorite, with nearly 31% of renter inspections coming from other states. International interest is also notable, averaging at 8%..
• Gold Coast: Attracted significant interstate interest, with 27.8% of renter inspections from outside QLD. Overseas interest was also high at 8.8%.
• Brisbane: Ended the year with just over one-in-five (21%) of rental inspections coming from interstate, plus a considerable 7.6% in international interest.
• Melbourne: Experienced significant growth with 18.8% interstate rental inspections and a strong 8.8% international interest.
• Perth: Continued to climb, with nearly one in four (22.1%) rental inspections from interstate. International interest also grew, averaging at 8.9% in 2023.
• Sydney: Consistently maintained 10-13% in interstate inspections, indicating a stable market.

These insights are not just numbers; they represent the evolving landscape of the property market in Australia and the growing trend towards remote property inspections.