The Wrap Up
In November, Australia’s property sales market saw a moderation in digital inspection activity. Interstate buyer activity eased to 20.5% (−2.0% from October), reflecting a softening in relocation-driven purchasing as the year draws to a close. International interest also declined to 5.4% (−3.5%), following October’s spike, indicating a pullback in offshore buyers ahead of the summer period.
While overall engagement softened, certain regions continued to attract interest from both domestic and international buyers, particularly in lifestyle and metropolitan markets.
Regional performance highlights:
- Sunshine Coast: Interstate activity increased to 24.6% (+1.4%), while international views declined to 4.7% (−1.6%), showing the region continues to appeal to lifestyle-driven domestic buyers.
- Brisbane: Interstate activity decreased to 21.4% (−2.5%), and international views eased to 4.7% (−0.6%), with buyer interest remaining steady despite a modest slowdown.
- Gold Coast: Interstate activity edged down to 25.4% (−0.8%), while international views decreased slightly to 4.3% (−0.2%), maintaining consistent buyer engagement overall.
- Sydney: Interstate activity decreased marginally to 14.4% (−0.2%), and international views fell to 6.8% (−3.0%), though Sydney remains among the top destinations for overseas buyers.
- Melbourne: Interstate activity decreased to 18.4% (−2.0%), while international views increased to 6.2% (+0.7%), reflecting firmer global interest amid softer domestic movement.
- Perth: Interstate activity declined to 19.1% (−7.8%), while international views increased slightly to 5.6% (+0.7%), highlighting a slowdown in interstate demand alongside resilient overseas interest.
These results indicate a mixed market heading into December, with international interest holding across several capitals while interstate purchasing has eased from October’s levels.