Rental Sight Unseen Report | April 2025

In April, interstate rental demand surged to 25.8% (+3.0%), reflecting strong interstate relocation interest. International demand eased to 9.1% (-1.4%), indicating a slight decline in global interest.

Here’s how each region performed:

• Sunshine Coast: Interstate demand rose to 24.8% (+5.5%), rebounding from March. International interest fell to 5.2% (-2.5%), reflecting softer overseas demand.
• Gold Coast: Interstate demand dipped to 21.1% (-3.3%), and international interest fell to 7.6% (-1.7%), signalling a cooling in both domestic and global demand.
• Brisbane: Interstate demand held steady at 19.0% (+0.1%), while international interest dipped to 8.2% (-0.2%).
• Melbourne: Interstate demand soared to 33.4% (+7.1%), the highest nationally, with international interest rising to 14.5% (+1.4%).
• Sydney: Interstate demand surged to 29.4% (+6.3%), with international interest climbing to 13.4% (+5.2%), reflecting strong appeal for out-of-state and global renters.
• Perth: Interstate demand rose to 27.1% (+2.4%), while international interest plummeted to 5.7% (-10.8%), the largest drop nationally.