Melbourne suburbs that overseas homeseekers are looking to live | PropTrack
People from United States, New Zealand, India and the United Kingdom are all looking to move to Victoria’s capital.
Australia’s cultural capital Melbourne is increasingly attracting the attention of overseas property seekers with its diverse communities, world-class amenities and robust job market.
According to the latest data from realestate.com.au, property seekers from regions such as New Jersey (USA), Auckland (NZ), Hong Kong, California (USA), and Bali (Indonesia) are actively exploring real estate opportunities in the city.
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Aside from Melbourne CBD, the most searched suburbs are Toorak, South Yarra and Brighton, renowned for their luxurious residences and excellent schools, making them attractive to affluent buyers from regions like Hong Kong, Singapore and China.
Other areas that are popular with overseas property seekers are Point Cook, Glen Waverley and Kew.
The most searches for Melbourne properties come from the United States, New Zealand and the United Kingdom, who are largely attracted by the similar lifestyle, language and social infrastructure as they have at home.
When it comes to the country that prefers Melbourne over all other regions of Australia, China wins hands down.
Of the top 10 suburbs searched from prospective buyers in China, all of them are in Melbourne.
Their most popular suburbs are Balwyn, Camberwell, Glen Waverley and Canterbury, all of which have large Chinese populations.
Searchers from Hong Kong are equally enamoured by Melbourne, looking mostly at Doncaster, Glen Waverley and Balwyn.
No matter where property seekers come from, Melbourne offers a superior quality of life and is popular for its cosmopolitan nature.
Immigration plays a pivotal role in not only supporting Melbourne’s property market but also in enriching the city’s socio-economic fabric.
Migrants bring a wealth of skills, cultural diversity and economic contributions that fuel local growth and innovation.
Additionally, the interest in our city from overseas also reflects Melbourne’s strategic importance as a global city with excellent connectivity, infrastructure and lifestyle amenities.
It has also ranked highly as one of the best cities in the world to live.
Ultimately, the enthusiasm of overseas property seekers for Melbourne underscores the city’s attractiveness as an investment destination and a desirable place to live.
The continued influx of international interest not only supports the property market but also ensures that Melbourne remains a dynamic, prosperous and multicultural society.
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Originally published as Melbourne suburbs that overseas homeseekers are looking to live | PropTrack
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