Indian interest in Australian homes has surged, with searches for Melbourne properties climbing by 23% in October compared to last year, according to PropTrack’s Overseas Search Report.
The spotlight is on Melbourne’s growth corridors, with Tarneit and Point Cook emerging as the most sought-after suburbs for family-friendly homes priced around $600,000.
This rising trend is backed by Foreign Investment Review Board (FIRB) data, revealing Indian investors accounted for 550 property transactions worth nearly $400 million in 2023-2024, part of the $6.6 billion spent by international buyers on Australian real estate.
Indian buyers are primarily looking for affordable family homes near schools, while American and New Zealand buyers remain key players in Australia’s property scene.
Melbourne topped the list of Australian cities searched by international buyers. For Indian home seekers, Melbourne’s appeal lies in its multicultural neighbourhoods and high-quality schools.
Elite Buyer Agents founder Kim Easterbrook told realestate.com.au that strong Indian interest in family homes priced between $2 million and $6 million, particularly in eastern suburbs like Glen Waverley.
“Safe areas with backyards and proximity to good schools are top priorities for Indian families.”
While India saw the most significant growth, the United States, New Zealand, and China remain major international players in the Australian property market.
PropTrack senior analyst Karen Dellow highlighted fluctuations in interest, linking them to political events and migration trends.
“Searches from China often spike with the influx of students at the start of school terms, while US interest varies with political events.”
High-profile suburbs like Toorak, South Yarra, and Brighton continue to attract affluent buyers, with property prices ranging from $1.69 million to $4.7 million.
Experts predict sustained international interest in Australian property, driven by skilled migration and investment opportunities. For Indian families, Melbourne offers the ideal blend of affordability, liveability, and opportunity—a testament to the strengthening cultural and economic ties between India and Australia.
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