In an unprecedented move that has swiftly become something of a trend in the real estate market, buyers from both New South Wales and Victoria have started snapping up homes – sight unseen – on the Gold Coast.
A movement that would have been almost entirely unheard of at the beginning of the year, since the start of Covid-19 and its unimaginable impact on life as we once knew it, purchasing properties sight unseen has swiftly started to become the new norm. Previously a strategy employed by expert investors wanting to buy overseas, and cited by many as the ‘blind-dating of investment strategies’, more and more buyers are turning to sight-unseen purchases – particularly in the Gold Coast – as a tactic to not only put down roots in one of Australia’s less-infected states, but also as an way in which to approach a leap into lifestyle property.
With Victorians currently living through a second lockdown, it comes as no surprise that those living in Victoria make up a large percentage of those looking to move to sunnier climes in a place famed for its long sandy beaches, surfing spots and elaborate system of inland canals and waterways.
A scheme almost unheard of until coronavirus kicked in, agents are reporting that buying without seeing has quadrupled in recent weeks, with a myriad of reasons being reported. From wanting to relocate to a warmer locale, to investing in a holiday home now that overseas travel is no longer an option, it remains to be seen whether selling real estate via video will become the new norm.