International Buyers Take Aim At Popular Australian Regions

Leo Edwards • June 12, 2021

Australia's closed borders have not stopped overseas buyers seeking out booming property markets on our shores!

Realestate.com.au have just published data showing that search activity for properties on its portal was up 6.37 per cent - on top of what was already a massive 20 per cent increase in the previous 12 months to 2019!

Demand they claim was driven by expats looking to return after the havoc the Covid Pandemic has caused across the globe and opportunistic investors looking to capitalise on the strong regional markets.

United Kingdom, United States and Hong Kong Buyers topped the search rankings, followed by New Zealand. Searches from China are now in sixth place behind Singapore, searches are also originating from Finland, Dubai and Asia.

James Pratt Auctions Group CEO James Pratt said expats were out pricing local buyers with some paying 10-20 per cent more. "They are bidding very aggressively and many feel they are getting a discount on the property because of the exchange rate," he said.

When listing your property with us we understand the importance of these statistics, it why right from our launch two years ago we partnered with List Globally - allowing our home sellers to reach the largest property portals in the world not just the Australian ones. Through this partnership your property will attract more buyers (not just local ones) and sell faster. The best part - it's all part of the service and no cost to you when selling your home with us.

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