PHOTO: The Gold Coast dominates interstate property searches from Sydney.Source: Supplied
Expensive property prices in Australia’s two major cities are creating an unexpected growing trend for two interstate regions
A growing number of Melbourne and Sydney residents have settled for paying rent and forgoing buying property in their excessively expensive cities.
Instead, people are looking outside their states to snag a bargain and get on the property ladder, experts say, and both Hobart and the Gold Coast are benefiting from this trend.
More than 513,000 searches in 2018 for homes on realestate.com.au outside of NSW were concentrated to within 30 kilometres of the Gold Coast.
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