The most in-demand suburbs with overseas property seekers

October 10, 2023

Interest in Australian property from overseas has never been higher, and some locations are more desirable than others.

The most searched-for location in the past six months on realestate.com.au was Melbourne, which is hardly surprising considering it is the first port of arrival for many migrants and is also a major centre of commerce and study.

1

Melbourne is the most in-demand city with overseas property seekers. Source: Getty Images.


With this in mind, many would expect Sydney to be next on the list; however, the sandy beaches and year-round sunshine of the Gold Coast attract more searchers.

3
Source: realestate.com.au. Includes web and app searches. Last 6 months.

 

Queensland is in high demand from overseas, and Brisbane is also more popular than Sydney.

The top nine most searched locations are either capital cities or regions; however, if we look further down the list, we can see that the blue-chip Melbourne suburbs of Brighton, South Yarra, and Camberwell are in high demand.

2

Properties in Brighton are in high demand with overseas searchers. Source: realestate.com.au.


Balwyn, Armadale, and Toorak are also popular.

Half the locations on the list are in Melbourne, and a quarter are in Queensland.

Suburbs that have increased in demand

Searches for properties in Brunswick East, in inner Melbourne, have increased by 60% in the past six months, closely followed by Carlton North.

Both suburbs have seen significant development in the past few years and are close to the University of Melbourne and the CBD.

4

Source: realestate.com.au. Includes web and app. Last 6 months.

Melbourne’s popularity with overseas property seekers has increased further recently, with a 20% increase in searches over the past six months.

Searches for Ashgrove in inner Brisbane have increased by 45%, and the Sunshine Coast’s Mooloolaba, and Burleigh Heads, on the Gold Coast have also become more popular.

With migration returning to pre-pandemic levels, we are seeing increased interest from overseas property seekers looking to settle on our shores.

Source: realestate.com.au

You might be also interested in

Cover
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
VIEW POST
1
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,
VIEW POST
A
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
VIEW POST
A
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
VIEW POST
2
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
VIEW POST
F
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
VIEW POST
Cover
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
VIEW POST
1
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
VIEW POST
1
V shaped recovery: CoreLogic’s national Home Value Index reaches a new record high in November
Australian dwelling values have regained the losses from the recent downturn and surpassed their previous peak to reach a new record high, CoreLogic’s national daily HVI shows. After reaching a
VIEW POST
Capi 8cd9a038e605c41aa7b1a59f8f1ea9c1 Daa52a4bb98eb325ce90a37b6b0e33eb
Victoria housing affordability: Less than a fifth of Victorian homes are cheaper to buy than rent | PropTrack
Less than a fifth of homes in Victoria are cheaper to buy than rent, according to PropTrack. Less than a fifth of Victorian homes are more affordable to buy than
VIEW POST

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 The most in-demand suburbs with overseas property seekers

Get your free Sales Report for The most in-demand suburbs with overseas property seekers

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 The most in-demand suburbs with overseas property seekers

Privacy Policy

Who we are

Suggested text: Our website address is: https://motionproperty.com.au.

Comments

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: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

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.

Cookies

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