PropTrack Overseas Search Report – April 2023

June 30, 2023

Overseas interest in Aussie properties has surged to record levels as migration hits highest point in three years.


Searches from overseas for properties to buy and rent on last quarter reached their highest level since PropTrack records began in 2019.


Rental property searches in the past three months are up 34% on the same period in 2019, and searches to buy properties are up 29%.

Where the demand is coming from

The countries with the highest searches for Aussie properties are New Zealand, The United States, The United Kingdom, China, Singapore, Hong Kong, and India.


Top countries for overseas property seekers, looking for rental properties on

bbNew Zealand has held the top spot for the past two years in terms of searches for Australian real estate, with rent searches up 37.5% on this time last year and searches to buy up 8.8%.

Demand from India has increased substantially in the past 12 months, with faster growth in both searches to buy and rent than other countries.


The Chinese government’s call for all international students to return to their campuses at the end of January drove a surge in rental searches from China, reaching their highest point in over three years in February.

Arrivals from overseas in line with search activity

The increase in offshore searches for Australian rental properties has coincided with a sharp increase in student arrivals. In February, student arrivals hit 142,000, a 190% increase on February 2022, according to data from the Australian Bureau of Statistics. Although March’s preliminary figure was a third of February’s number, it was still over 90% higher than March 2020.

However, Hong Kong appears to be bucking the trend, with searches to rent Australian properties down 27.8% on last year and searches to buy down 15.4%.

Most-searched suburbs

As a whole, overseas searchers, whether looking for properties to rent or buy, favour the major capital cities, with Melbourne and Sydney topping the list.

However, the Gold Coast is also proving popular with overseas buyers and renters.


Breaking down the search data by country, the Gold Coast is favoured most by searchers from New Zealand, the United States and the United Kingdom. However, searchers from China, Hong Kong and India have been most interested in Box Hill and Chatswood.

Source: • Buy and rent web searches combined


Most-viewed new developments

Overseas properties seekers have historically favoured new apartment developments in Melbourne and Sydney, followed by the Gold Coast


However, a new development in Perth, Dianella Apartments has piqued the interest of searchers from New Zealand, the UK, and India. In the past three months, overseas views of this property were seven times higher than the next most-viewed listing, which was 111 Castlereagh in Sydney.


Looking ahead

Searches from overseas property seekers are at an all-time high since PropTrack records began, and this is a positive sign for future migration.

The number of arrivals with student or work visas has not yet reached pre-pandemic heights, but they are likely to return to normal levels in time.


You might be also interested in

Article Banner
If housing is so undersupplied, why are some markets falling in value?
The current state of the Australian housing market is often characterised as undersupplied. Supply is at the centre of government policy approaches to housing, and the latest reporting from Housing
Gettyimages 1922023181
Here we go again: Shipping disruptions could pose major risk to interest rate cuts
‘Left of field’ shocks to global supply chains such as the tensions playing out in the Red Sea are the biggest risk to inflation and interest rates, the Reserve Bank
Construction cost growth ‘returns to trend’
A reacceleration in the quarterly pace of growth for national construction costs is suggested to be a return to trend rather than a new surge, according to CoreLogic. The Cordell Construction
Rental market to reach ‘tipping point’ in 2024: Domain
Domain’s Dr Nicola Powell told the Savings Tip Jar podcast the rental market will likely ease some time next year as more renters buy property or move into share houses,
Monthly Housing Chart Pack – January 2024
Here are the must know stats, facts and figures on Australia’s residential property market. Annual growth in home values have seen ups-and-downs while rent values have increased at more than
6 strategies to help you renegotiate your home loan and save money
Home loans are at their most expensive in 11 years, prompting a mad scramble among heavily mortgaged homeowners to either switch lenders or negotiate a better deal with their existing
Richmond: Where you’ll find everything from cheap street food to luxury furniture
Richmond’s Barkly Gardens are popular with locals. Photo: Greg Briggs Bridge Road is back. The news from Richmond has the ailing retail strip shucking off the doldrums and getting a
Home prices set to break new records in 2024, with three cities tipped to outperform all others
Stage three tax cuts, soaring population growth and lagging housing supply could see national property prices rise up to 4% over 2024, and as much as 8% in some capital
Monthly Housing Chart Pack – December 2023
Each month the CoreLogic Research team puts together a Housing Chart Pack, with all the latest stats, facts and figures on the residential property market, such as the combined value
Aussies amp up energy efficiency in homes as cost of living soars
With the cost of living higher than it has been in decades, homeowners and renters are looking for ways to reduce bills and save some money. Those living in homes

Get your Free Property Guide.

Here goes your text ... Select any part of your text to access the formatting toolbar.

Get your free Sales Report for PropTrack Overseas Search Report – April 2023

Get your free Sales Report for PropTrack Overseas Search Report – April 2023

Subscribe to hear the latest

Start The Conversation Today.

Call us on:

1300 850 730

Request a Callback:

Send us a Message:

Privacy Policy

Get your Free Property Guide

Get your free Suburb Report for PropTrack Overseas Search Report – April 2023

Privacy Policy

Who we are

Suggested text: Our website address is:


Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection.

An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: After approval of your comment, your profile picture is visible to the public in the context of your comment.


Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.


Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year.

If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser.

When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select “Remember Me”, your login will persist for two weeks. If you log out of your account, the login cookies will be removed.

If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.

These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue.

For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where your data is sent

Suggested text: Visitor comments may be checked through an automated spam detection service.

Get your Free PDF copy of Make Money Simple Again