According to real estate site real estate news, overseas search data from the site showed that in the past six months ended January 31 this year, Sydney, Australia’s Manly (Manley) city housing the highest degree of search information, reaching 32,586 Clicks Followed by South Yarra, an inner city of Melbourne, and Surfers Paradise, east of Queensland, with 31,949 searches and 29,494 searches respectively.

Nerida Conisbee, chief economist at REA Group, said Manly has been the place of most interest over the years, especially among homebuyers in the UK. “This is a suburb with a very high international reputation. It is not difficult to find out after examining the local residents’ places of origin that the proportion of the British born population living there is also very high.”

Education is the first factor

However, it is worth noting that although Manly in Sydney received a lot of overseas investors’ attention, five of the top 10 cities in the hottest are in Victoria. Nerida Conisbee thinks this is mainly due to the fact that Victoria’s education industry is more developed.

“In Melbourne, many Asian buyers are more focused on education, so Sydney is not their top choice,” said.

In addition, the Clayton area of Melbourne and the St Lucia area of Brisbane are more popular with overseas buyers because of their educational resources. Although Hobart did not make it into the top 10, due to the increasing popularity of the University of Tasmania in recent years, the city’s overseas buyers’ popularity has also increased.

“Escape” Sydney

In addition to this, the Sydney area due to excessive cost of living not only makes many overseas buyers discouraged, locals have also chosen to leave Sydney to other areas to buy a home. According to the “Sydney Morning Herald” analysis of census data show that the local population of Sydney is increasing, the trend lasted 45 years. Since 1971, Sydney has lost 2.1 million people to other regions, half of whom have migrated to rural NSW and more than 710,000 have emigrated to other Australian capital cities.

In 1976, 25% of Sydney’s population was born overseas, a figure that is currently 40%.

Complete rankings

Top 10 Most Popular Australian Property Buyers

1, Manly (NSW) 32586 searches

2, South Yarra (Virginia) 31,949 searches

3, Surfers Paradise 29,494 searches

4, St Kilda (Victoria) 27,759 searches

5, Mosman’s (state) 23461 searches

6, Richmond (Victoria) 22818 searches

7, Point Cook 22,291 hits

8, Carlton (Victoria) 21211 searches

9, North Sydney 20,227 searches

10, Noosa Heads (Queensland) 19,687 searches

Australia’s Top 10 Sources of Overseas Buyers

1, United Kingdom

2, the United States

3, New Zealand

4, Hong Kong

5, Singapore

6, Philippines

7, China

8, India

9, Canada

10, Malaysia