AFTER swapping the United States for sunnier shores Downunder, Pamela Felling and her mother Kathleen have finally found their dream home in suburban Brisbane.
In the wake of her father’s passing, the pair decided to migrate to Brisbane, where they have spent the past four years renting — including a time being separated due to the Melbourne Covid lockdowns.
According to PropTrack data, buyers from the United States are among the highest number of overseas property seekers looking to Queensland, along with the United Kingdom and New Zealand.
“We couldn’t have done it without Wendy Russell, our buyer’s agent,” Ms Felling said. “The home we purchased was off-market because of Wendy’s network. She was able to speak to the seller, and we were one of the lucky ones to get in.
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“We looked at over 100 properties, and I think we saw around 20 to 30 groups of people at a time.”
Ms Felling said that she was not surprised so many people in the United States were wanting to move to Brisbane.
“Most Americans would love to come and visit Australia; there is the expectation that there is going to be Kangaroos everywhere,” she said.
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“There is a mystic realism about Australia; we have this beautiful lifestyle. There is Something about Australia that nowhere else has. There is true freedom here in Australia, and you have this opportunity to live well.
“I’m looking at spending at least 20 years in this property, and of course, in that time, the property market in Queensland will change again.”
Buyer’s agent, Wendy Russell, said she could not see the Brisbane market slowing down any time soon.
“There is so much demand for property across Brisbane and insufficient supply,” Ms Russell said.
“The tough thing for me is getting access to high-quality stock. With all that is happening in the market now, all of these buyers have been waiting in the wings to purchase anything coming up.
“I feel like from now on, we’re going to be stuck in that cycle of high demand and need more quality supply in the 10-12 km CBD space, where many buyers are transacting and paying a premium.”