Pandemic pushes Aussies to ‘double the distance’ between their homes and their investments

December 25, 2021 BY

Queensland has seen an increase in long distance investors according to a new report.

A new study indicates property investors have ‘doubled the distance’ between where they live and where they invest in response to the pandemic.

The analysis also revealed which state most buyers are investing in

Mike Mortlock, managing director of MCG Quantity Surveyors, said its latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID-19.

Mr Mortlock analysed the details of investor clients in the year to January 2020, and then again in the year to November 2021, to reveal a picture of changing investor buying habits.

The numbers revealed the average distance between a landlord’s home and their investment property had risen from 294 kilometres to 559 kilometres over the pandemic period.

Managing director of MCG Quantity Surveyors, Mike Mortlock, said its latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID-19


“Rather than going to ground during lockdowns, it seems investors looked for real estate opportunities further from their home suburbs than ever before,” Mr Mortlock said.

“What’s perhaps most telling is the rapid increase in those looking for assets positioned exceptional distances from their home.

“Buyers investing in locations more than 200 kilometres from home rose from 29.5 per cent in January 2020 to 44.65 per cent in November 2021.”
Even more dramatically, the report shows that the percentage investing more than 1000 kilometres from home more than doubled during the period.
While the results are striking, they were in accordance with predictions MCG made in July 2020.

“The latest numbers showed just 6.75 per cent of Australian-based investors bought within their home suburb,” Mr Mortlock said. “I’d suggest this is a dramatic drop from the proportion we’d have seen 10 or 20 years ago.”

The analysis also revealed the state most buyers choose to invest in.

“Our figures indicate Queensland was the most popular investment destination with 37.44 per cent of our investors buying there,” Mr Mortlock said.

“This was followed by New South Wales with 34.31 per cent, Victoria saw just 11.31 per cent of the investor pool, while the rest of Australia made up the remaining 15.94 per cent.”

Mr Mortlock said a range of factors had made distance buying an attractive option.

“Firstly, lockdowns and economic uncertainty during the pandemic has had Australians thinking long and hard about their financial situation, so investing has been front of mind,” he said.

“Technology makes it possible to buy property from the comfort of a locked-down home. Modern day investors see the whole of Australia as a potential market – not just their state or city.

“Also, the surging popularity of regional relocation in this remote working world has boosted those property markets.

“Capital growth rates in many regional centres rivalled big cities in 2021, and investors want to get a piece of this action.”


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