Sight Unseen Reports

Sales 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 continued surge in remote property interest. On average, a substantial 22.4% of sales inspections were conducted from interstate, with an additional 6.8% originating from overseas.

Here’s the breakdown:

  • Sunshine Coast: Remains a magnet for sea-changers, with 27.5% of inspections from interstate and 8.8% from overseas in May. The cities lifestyle appeal continues to draw significant interest from both domestic and international buyers.
  • Brisbane: Digital inspection interest hit 21%, meaning over 1-in-5 people inspected from interstate. International interest saw a slight uptick to 8.8%, suggesting Brisbane’s global appeal is climbing.
  • Gold Coast: Continues to lead the way as the clear favourite for interstate migrants, with a whopping 31.2% of digital inspections originating from outside the state. International interest stood at 7.8%, reflecting the Coast’s appeal to overseas buyers.
  • Sydney: Shows promising growth, with interstate interest reaching just over 1-in-10 people, or 10.2%. International interest was recorded at 7.4%, indicating Sydney’s sustained global attraction despite increasing property prices.
  • Melbourne: Interstate interest dipped to 18.3%, down from April’s 21%. International interest held steady at 6.1% in May.
  • Perth: Another great month for the West, with 26.3% of digital inspections from outside WA and 5.1% from international buyers. This trend highlights Perth’s growing attraction as an affordable alternative to eastern state capitals.
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