Sight Unseen Reports

Rental Sight Unseen Report | May 2024

Sight Unseen | Interstate & International Trends in the Australian Property Market,

Real Estate Agencies

The Wrap Up

Across the nation, we’re seeing a surge in remote property interest. A whopping 23% of rental inspections were conducted from interstate, with nearly 1 in 10 (8.5%) coming from overseas. Let’s break it down:

  • Sunshine Coast: Continues to be a hot spot for sea-changers, with 25.5% of inspections from interstate and 8% from overseas in May.
  • Brisbane: Interstate interest is booming at 24.4%, though international enquiries dipped slightly to 8.3%.
  • Gold Coast: A clear favourite for interstate migrants, with 26.2% of digital inspections originating from beyond Queensland. International interest is nipping at its heels at 9.6%..
  • Sydney: continues to grow, with interstate interest surging to 14.1%. Not to be outdone, international renters are also eyeing Sydney properties, accounting for 8% of inspections. This uptick suggests Sydney’s rental market is heating up, drawing attention from far and wide.
  • Melbourne: Continues to attract attention far and wide, with 23% of renters exploring from interstate and a solid 10.6% checking in from overseas.
  • Perth: Another cracking month, with 24.1% of digital inspections from outside WA and 6.9% from international renters.
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