- The number of interstate prospectivebuyers grew by 5% last month
- Makes up almost a third of all inspections nationally
- Sunshine Coast and the Gold Coast the most popular areas searched
The number of Australians seeking to purchase property outside of their home state has grown by almost 5% in September, to just under 100,000 prospective buyers.
Little Hinges, an Australian virtual tours platform, has released the findings in its Sight Unseen report for September. It found that interstate inspections make up almost a third (30%) of all inspections nationally.
The Sunshine Coast (41%) and the Gold Coast (40.5%) recorded the highest percentage of interstate inspections, which is unsurprising given Queensland has the most interstate migrants of anywhere in Australia.
Gold Coast recorded the highest number of people from overseas, at 8.1%.
While the number of Brisbane property inspections has declined slightly, it has risen in Sydney by 2% to 15%.
“We’re continuing to see growth in both the number of people inspecting property virtually, and the percentage of people inspecting property that’s located outside their home state or country,” Josh Callaghan, Little Hinges Co-founder and CEO.
“Buyers want to be able to inspect property in a way that works for them, and we’re seeing a strong uptick in agents wanting to combine virtual and physical inspections.
Josh Callaghan, Little Hinges
Mr Callaghan added that being able to inspect properties 24/7 is especially important for those from interstate orm overseas, and for local who can’t make a typical Saturday morning inspection.
“As we continue to see house prices fall and buyers become more cautious with their offers, agents who tap into digital tools are able to open up their properties to a wider buyer base.
“Agents who can demonstrate to vendors that they are doing this are the ones who will ultimately win more listings.”
Over 300,000 virtual inspections were analysed by Little Hinges for the Sight Unseen report in September.
