Buderim: One of Most Sought-After Qld Suburbs Among Brits as Brexit Looms

Photo Credit: realestate.com.au

Amidst political uncertainties in the UK, British property searchers looking for homes to buy turn to Queensland suburbs, such as the Sunshine Coast suburb of Buderim, the latest report from realestate.com.au reveals.

Among the most sought-after suburbs in Qld, Noosa Heads was the top suburb, whilst Buderim and Mooloolaba follows Noosa Heads among the most searched Sunshine Coast suburb, based on December 2018 property search data from realestate.com.au.

As for Brisbane suburbs, New Farm was the most popular among British property seekers, followed by Redcliffe, North Lakes, Bulimba, Paddington, Kangaroo Point, West End, Macleay Island, St Lucia, and Cleveland.

The house median price in Buderim, from 1 Mar  2018 – 1 Mar 2018, was $675,000, higher than the state median house price of $495,000. Demand is also higher in Buderim than the Qld average, with 420 visits per property as compared to the state’s 382, according to realestate.com.au. Corelogic’s propertyvalue.com.au, on the other hand, reports the median sale price in Buderim at $665,000 for a one-year price change of 3.10 percent.

UK-originating property searches in Queensland rose 31 percent, according to December 2018 searches data from realestate.com.au, making Qld as top search location among UK property seekers. Those searching for property to buy mostly target the beachside, the report said.

Analysts believe that uncertainties in Britain are making British buyers turn their attention to Australian property market, especially in Brisbane where there are more job opportunities and the housing market has been steady.