Credit to original source: Realestate.com.au
BEACHSIDE property agents are tipping a surge in interstate buyers searching for a new way of life on the back of a coronavirus reality check.
With the number of searches for properties for sale on property website realestate.com.au almost 50 per cent higher than a year ago, Gold Coast real estate agency Kingfisher Realty has witnessed a spike in enquiries from southerners grappling with living in lockdown in Australia’s biggest cities.
Kingfisher Realty founder Conal Martin said the combination of social restrictions, travel bans and evolving work arrangements had many Sydneysiders and Melbournites questioning the cost of big-city living.
“The Gold Coast has always been a magnet for southerners but the amount of enquiries we’ve had in recent weeks has gone to a new level,” he said.
“There is a definite appetite for change among the people we are speaking to and that change is being driven by how the coronavirus lockdown has impacted their lives.
“Being largely restricted to their homes has reinforced the negative aspects of living in a metropolis, with many looking across the border at the incredible lifestyle we have on the Gold Coast and where their real estate dollars can go a lot further.
“Instead of paying a fortune to live on a tiny block or being forced to commute for hours each day, they are attracted to the Gold Coast where they can live close to our beautiful beaches for a fraction of the cost.
Mr Martin’s prediction comes as realestate.com.au continues to see searches of regional properties for sale including those on the Gold Coast soar.
Kingfisher Reality has witnessed the thirst for homes in beachside suburbs first-hand, with the sale of a luxury property in Burleigh Heads attracting a record number of online views.
The 7 Tawarri Cres property page on realestate.com.au was visited more than 20,000 times.
The sales campaign resulted in an interstate buyer paying $2.415 million for the house – a record for a non-beachside property in Burleigh – despite not being able to visit the home.
“A virtual tour was enough for the buyer from Canberra to know this was the home they had been dreaming of,” Mr Martin said.
“Like many southerners, they are yearning for warm winter days and are excited to start their new life in a city that epitomises work-life balance.
“With the Federal Government announcing its HomeBuilder package and the market showing positive signs coming out of the Covid-19 lockdowns, the search for properties for sale will continue to climb in coming weeks and deliver a surge of sales as we get closer to Christmas.”