This news article explores the trend of investors from NSW and Victoria buying properties in more affordable suburbs across Australia. Rising prices in their home states are pushing them to seek out opportunities in other regions, leading to increased competition and driving up prices in these areas.
New data reveals that landlords in New South Wales ( NSW ) and Victoria are increasingly looking beyond their home states for investment properties. Rising property prices in both NSW and Victoria have made it less financially attractive to invest locally. As a result, investors are seeking out more affordable areas in other states, particularly Melbourne and Brisbane. The Lendi Group's data shows that NSW investors purchased more properties in Victoria (14.
28% of all investments) and Queensland (14.07%) in 2024 compared to previous years. Investments in nearly all other states and territories also increased. Only 59.02% of investment properties were purchased in NSW, down from previous years. Victorian investors remained heavily focused on their home state, with 90.72% of properties bought in Victoria. However, they are showing growing interest in Queensland, South Australia, and Western Australia.Brad Cramb, Lendi Group's chief distribution officer, attributes this shift to investors seeking greater affordability. He explains that like all investors, they aim for higher investment returns and sustainable long-term growth. CoreLogic's head of Australian research, Eliza Owen, corroborates these findings, noting a rise in investor loans flowing to more affordable states, aligning with the Australian Bureau of Statistics (ABS) data. While NSW still holds the largest share of investor finance, with $11 billion secured for investor finance in September, prices in Sydney and Melbourne have slowed down, making them less accessible to investors. Meanwhile, affordable suburbs on the outskirts of Melbourne and Brisbane are witnessing a surge in demand from out-of-state investors, driving up prices. Owen suggests that demand from these investors contributes to the significant price increases in these areas
INVESTORS PROPERTY PRICES AFFORDABILITY NSW VICTORIA MELBOURNE BRISBANE CAPITAL GROWTH RENTS YIELD
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