COVID-19: Downsizer dreams turn to a safe and sunny Queensland
10 August, 2020
Interstate downsizers are buying up big in Queensland, as the State emerges relatively unscathed from the COVID-19 pandemic.
Already a favourite among downsizers, consumer search activity over the last four months has shown an increased focus on Queensland, particularly among NSW residents.
Between early May and August, the percentage of Downsizing.com.au consumers searching for Queensland property increased from 26 to 28 per cent, compared to the same period last year.
This trend is replicated in a survey of more than 400 consumers which was launched by Downsizing.com.au and OverSixty.com.au in April.
One in three survey respondents were interested in downsizing in Queensland, despite the fact that only one in four were actually based in the State. Residents from NSW appeared most inclined to move interstate as part of their downsizing move.
Queensland’s warm climate and coastal environment has always had great appeal to downsizers. This has been further enhanced by the State’s ability to withstand the COVID-19 scourge.