In March 2020, Australia along with the rest of the world came to a screeching halt as coronavirus cases were steadily increasing and the effects of the pandemic could be seen in every aspect of our lives. With country borders closed and many businesses taking a financial knock, a property crash was predicted and relocation agencies were warned that clients would be scarce. But now, almost a year later, the relocation industry in Australia is as lively as ever. South East Queensland, Adelaide, Perth and Tasmania are blossoming with new residents who are moving here despite the pandemic.
Here at Claymore Thistle we are experiencing great interest from clients who are going about their relocation plans as usual, and simply adding the costs of quarantine upon arrival to their relocation budget.
The housing market is having a ball at the moment, sometimes with as many as 30-40 people showing up at viewings, sometimes more!
The property market in Queensland is stable and flourishing
Australian domestic relocation is experiencing a massive boom at the moment. Relocation companies in Australia have reported a 400 per cent increase in demand for quotes from people who want to relocate interstate from Sydney and Melbourne to the Gold Coast and Greater South East Queensland area, while new home sales are up 80%.
It’s no secret that the Gold Coast has a fantastic climate, beautiful natural surroundings, plenty of outdoor activities and an attractive laid-back lifestyle. On top of that, the state of Queensland offers a more affordable way of living, which contributes to a more relaxed and stress-free life. Buyers and renters alike are lining up for houses, and the Gold Coast’s permanent population is steadily on the rise. According to the Real Estate Institute of Queensland, real estate in the Gold Coast is offering far more affordable properties for people who want to reduce their mortgages due to the effects of the pandemic. Chief executive of the institute, Antonia Mercorella, says that none of the current data matches the predictions of a ‘property crash’ that were made in early 2020.
The increase in interstate migration is overwhelming property agents, and the result is that many houses are being sold before they are even listed on the market. Assistance with your purchase process; like virtual walkthroughs are speeding up the purchasing process as people can view homes from anywhere in Australia and make a buying decision before they’ve even seen the house in person. Online auctions are also presenting a great alternative to the traditional approach to property buying.
What to expect for relocation to Australia in 2021?
While tourism continues to suffer the consequences of coronavirus restrictions and many holiday-letting homes are being put at risk, the real estate market is stable. Estate agents in the Gold Coast are predicting that the spike in relocations to the area will continue in 2021 as people are increasingly wanting to make a move to the sea. Naturally, there is still a sense of uncertainty among new home buyers when it comes to how much they are willing to spend on building and renovations, but the property market is certainly strong at the moment despite this caution.
If you want to relocate to Australia in 2021, you can still do so, although made slightly trickier by the pandemic. If you are relocating from abroad or between certain states, you’ll probably need to add quarantine costs for yourself and your family upon arrival as part of safety protocols. The rest however can go ahead as planned! If you are interested in buying or renting property, your relocation agent can arrange viewings on your behalf and include you in the experience via video calls and virtual walkthroughs.
Are you planning on relocating to Australia in 2021? We offer services for corporate relocation as well as personal relocation, and want to help you have the best moving experience possible. Contact Claymore Thistle today to book a free discovery chat!