International and interstate buyers cannot physically inspect the properties for sale, but a Gold Coast real estate agent says “activity is enormous” in its residential market — despite the pandemic.
Harcourts Coastal’s Vikki Plehan said “the lure” of record low interest rates and the Australian dollar had been attracting buyers from as far off as Singapore, Hong Kong, and the United Kingdom.
“They’re cashed up, so they’re trying to secure property so when they can come back to Australia they’ve got something here,” Ms Plehan said.
While Queensland’s border restrictions mean interstate residents are unable to enter the state without strict exemptions, Ms Plehan said buyer activity from Sydney and Melbourne had also been “phenomenal.
Ms Plehan said “a big factor was the international market” with many expats looking for a lifestyle change.
“They’ve been gone for 20 years, they’re dealing with the pandemic over there, in lockdown, and they’re living in a smaller, confined space,” she said.
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