Australian property attracting growing interest

Searches from overseas property seekers on have hit record levels.

PropTrack senior data analyst Karen Dellow said that in March 2020, as the pandemic began, overseas searches fell 15% and then remained relatively static until border restrictions ended in late 2021. But now the situation is very different.

“In the past four months, combined buy and rent searches have hit the highest levels on record,” she said.

“This coincides with an influx of international students and migrant workers who have arrived since January 2022. Although the volume of workers and students arriving in Australia has not yet returned to pre-pandemic levels, numbers are ticking upwards sharply.”

About three-quarters of buy and rent searches come from the UK, America and New Zealand. Much of the remainder comes from China, Hong Kong, Singapore, and India.