Sight Unseen Reports

Sales Sight Unseen Report | October 2024

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

Real Estate Agencies

The Wrap Up

Digital property inspections continue to show significant impact in October, with a national average of 21.9% for interstate inspections and 10.1% for international viewings, showing a shift in market dynamics from September.

  • Gold Coast: Maintains market leadership with 32.8% interstate viewings and 7.5% international interest, despite interstate inspections increasing +1.6% while international dropped slightly (-0.3%).
  • Sunshine Coast: Holds strong position with 25.6% interstate (-0.5%) and 4.6% international (-1.53%) viewings, showing slight cooling in both markets.
  • Perth: Shows robust performance with 24.2% interstate (-1.6%) and leading international interest at 14.5% (+2.6%), marking the highest international engagement nationwide.
  • Brisbane: Demonstrates stability with 21.8% interstate (+0.1%) and 7.2% international (-0.6%) inspections, maintaining consistent market presence.
  • Melbourne: Records 18.6% interstate (-2.6%) and 2.9% international (-0.7%) viewings, indicating softening interest across both segments.
  • Sydney: Shows 11.4% interstate (-4.1%) and 8.7% international (-0.5%) inspections, marking the most significant interstate decline among major markets.

Overall, Queensland markets continue to dominate interstate interest, while Perth emerges as a leader in international engagement. The national interstate average has adjusted to 21.9% (-2.4% from September), while international interest has strengthened to 10.1% (+2.1%), indicating evolving buyer patterns across Australian markets.

 

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