Rental Sight Unseen Report | 2024 Wrap Up

2024 Key Market Insights at a Glance:

Sunshine Coast:

• Interstate: 26% in 2024 (↓ from 30.9% in 2023) – Cooling local demand, but still above the national average.
• International: 8.3% in 2024 (↑ from 8% in 2023) – Lifestyle appeal continues to attract global renters

Brisbane:

• Interstate: 23% in 2024 (↑ from 21.4% in 2023) – Steady growth as a family/professional hub.
• International: 9.2% in 2024 (↑ 21% YoY) – Affordability and jobs are drawing global attention.

Gold Coast:

• Interstate: 29.1% in 2024 (↑ from 27.8% in 2023) – Peaked at 35% in February!
• International: 9.4% in 2024 (↑ from 8.8% in 2023) – Strong hybrid work/lifestyle demand.

Sydney:

• Interstate: 14.5% in 2024 (↑ 34% YoY) – December surged to 23.6% (vs. 2023’s 10-13%).
• International: 10.7% in 2024 (↑ from 9.2% in 2023) – Highest international interest nationwide.

Melbourne:

• Interstate: 23% in 2024 (↑ 22% YoY)
• International: 11% in 2024 (↑ 37.5% YoY) – #1 for global renters.

Perth:

• Interstate: 14.5% in 2024 (↑ 34% YoY) – December surged to 23.6% (vs. 2023’s 10-13%).
• International: 10.7% in 2024 (↑ from 9.2% in 2023) – Highest international interest nationwide.