How COVID has shifted investor mindset in the property hunt

How COVID has shifted investor mindset in the property hunt

How COVID has shifted investor mindset in the property hunt

Historically, investor demand for housing has been very much focused on inner-city areas of major capital cities and popular holiday destinations, such as Queensland’s Gold Coast and Sunshine Coast.

But the repercussions of COVID-19 and closed international borders have forced some dramatic shifts in the locations that investors are interested in. 

Monthly email enquiries from buyers who identify themselves as investors on realestate.com.au have revealed some dramatic changes in the locations of interest between January 2020 and January 2021. 

Gold Coast suburbs are proving to be a popular choice amongst investors in 2021.

Stronger interest in coastal areas

Top 20 suburbs for investor enquiry

Coastal suburbs such as Surfers Paradise, Mooloolaba, Maroochydore, Port Macquarie and Noosa Heads remained popular over the year and saw increased enquiry, while investor interest in inner-city markets waned. 

In January 2021, Melbourne had the fourth-highest number of investor enquiries nationally, however the number of enquiries dropped 38% over the year.

Suburbs with largest YoY % growth

By comparison, Surfers Paradise kept its number one ranking in 2021, with enquiry volumes up 28%. Mooloolaba (+56%), Maroochydore (+58%), Port Macquarie (+91%) and Noosa Heads (+82%) also saw jumps in enquiry.  

Suburbs with largest YoY % decline