23 per cent increase: The surprise country searching for SA properties online – realestate.com.au
South Australian real estate has proven to be a hot property among overseas house hunters, with Adelaide homes among the most sought after in the country.
According to PropTrack's November Overseas Search Report – which looked at realestate.com.au searches from outside Australia – Adelaide was the eighth most searched market for purchases in the country with properties across metropolitan Adelaide. Area number 20 is coming.
Adelaide's CBD was also the ninth most searched market for rentals.
Interestingly, the biggest increase in searches came from India, where the number of people actively looking at Australian homes increased by 23 per cent compared to this time last year.
According to search volume, residents of Auckland, New Zealand topped the search for the best-selling Australian property ahead of Hong Kong, California, Singapore and Tokyo, Japan.
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SA real estate is hot property, overseas search data shows. is given.
Searches from New Jersey came in sixth, ahead of house hunters in Bali, Indonesia; and Canterbury, Greater Wellington and Waikato – all in New Zealand.
The report also revealed that overseas searchers have more money to spend on property than locals.
“The most common maximum price for Australian searchers looking to buy on Realestate.com.au is $600,000,” the report said.
“This is quite surprising as the number of properties below this threshold is falling, particularly in capital cities.
“However, the top price bracket most sought after by overseas searchers is $1 million.”
Searches from Auckland, Tokyo and Hong Kong respectively top the list of Australian rental searches.
It's not just Australians looking for South Aussie properties, with searches from India up 23 per cent.
The report states that overseas searches have a seasonal effect.
“Over the past six months, there has been a lot of fluctuation in searches from different countries, and this is likely to continue in the coming months for searches from countries like the US,” the report said.
“Additionally, rental searches typically peak around the new school/university period; however, if the federal government's overseas student ban legislation is passed, then Australia could see a drop in student arrivals next year.
“This will have a significant impact on the number of searches from potential students on Realestate.com.au.”
