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.
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.
Top 20 most in-demand locations for overseas property seekers
|2||Gold Coast, QLD|
|3||Brisbane - Greater Region, QLD|
|4||Sydney CBD, NSW|
|5||Perth CBD and inner suburbs, WA|
|6||Perth - Greater Region, WA|
|7||Sunshine Coast, QLD|
|8||Adelaide CBD, SA|
|9||Perth CBD, WA|
|11||South Yarra, Vic|
|12||Brisbane City, QLD|
|14||Cairns - Greater Region, QLD|
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.
Half the locations on the list are in Melbourne, and a quarter are in Queensland.
Both suburbs have seen significant development in the past few years and are close to the University of Melbourne and the CBD.
Top 20 suburbs that have increased in demand with overseas property seekers
|Rank||Suburb||% change in searches|
|1||Brunswick East, Vic||60.81%|
|2||Carlton North, Vic||56.22%|
|3||Brighton East, Vic||52.35%|
|9||East Melbourne, Vic||40.10%|
|10||Albert Park, Vic||39.63%|
|14||Burleigh Heads, QLD||37.54%|
|16||Port Melbourne, Vic||36.93%|
|17||Hobart - Greater Region, Tas||36.35%|
Melbourne's popularity with overseas property seekers has increased further recently, with a 20% increase in searches over the past six months.
With migration returning to pre-pandemic levels, we are seeing increased interest from overseas property seekers looking to settle on our shores.