The Wrap Up
Digital property inspections in May reveal renewed interest from out-of-state buyers, with interstate demand rising to 24.7% (+1.4%), while international interest softened slightly to 6.4% (-0.3%) compared to April.
Here’s how each region performed:
- Sunshine Coast: Interstate inspections lifted to 25.4% (+4.3%), showing a significant rebound in out-of-state buyer interest. International interest rose to 4.4% (+0.5%), reversing April’s decline with modest growth.
- Gold Coast: Interstate demand eased to 22.8% (-4.3%), marking a notable decrease from April’s levels. International inspections declined to 5.6% (-0.3%), showing a slight softening in overseas buyer activity.
- Brisbane: Interstate buyer activity softened to 23.5% (-4.7%), reversing April’s strong growth trend. International interest declined to 5.3% (-0.1%), reflecting a minor decrease in overseas engagement.
- Melbourne: Interstate inspections declined to 16.7% (-0.6%), continuing below the national average. International demand held steady at 4.2% (-0.7%), showing consistent but subdued overseas interest.
- Perth: Interstate inspections surged to 45.3% (+21.0%), marking a dramatic increase and national high for out-of-state buyer activity. While increased virtual tour adoption contributed to this outlier performance, it remains a strong indicator of Perth’s growing appeal. International interest rose to 7.3% (+0.3%), showing modest growth in overseas engagement.
- Sydney: Interstate interest dropped to 14.6% (-7.4%), representing the largest decrease across all regions. International inspections declined to 11.6% (-1.2%), though it continues to lead nationally in overseas buyer activity.
