Where will all our new migrants live?
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Where will all our new migrants live?

New data shows overseas interest in Australian property has never been higher

By Bronwyn Allen
Tue, Oct 17, 2023 10:40amGrey Clock 2 min

Australia is in the midst of a migration surge with 715,000 net arrivals expected over the next two years alone, according to government forecasts.

While it is clear that Australia’s labour market is tight and many industries are in desperate need of more skilled workers, the challenge is how are we going to house all these new people?

Migrants’ typical path in terms of housing is to rent first, either close to their employment or in areas where there is an established community of fellow countrymen or family already living there. Property data house CoreLogic estimates it takes about five years for most migrants to buy a home. However, Australia is in the midst of a rental housing crisis, and this may be leading to more migrants buying a home immediately, thereby adding to demand and contributing to the somewhat surprising rate of home price rises this year, despite significantly higher interest rates.

“A significant lift in net overseas migration has run headlong into a lack of housing supply,” says CoreLogic research director Tim Lawless. Given the extraordinarily low rental vacancy rates across Australia today, Mr Lawless said “it’s reasonable to assume more people are fast tracking a purchasing decision simply because they can’t find rental accommodation.”

So, where will all our new migrants go?

New data from property advertising portal realestate.com.au (REA) provides some insight into where migrants are looking for their first home. By analysing page views among overseas site visitors over the past six-month period, REA can reveal which suburbs are capturing the most interest.

It’s worth noting that ‘overseas buyers’ is a broad category representing many different types of property purchasers, and the data does not distinguish between them. Some may be impending new arrivals such as families or international students. Some may be the parents of international students seeking to purchase a home for their child while studying here, and some may be expats researching the market ahead of their return home. The rest may be foreign investors seeking to invest capital. There has been a resurgence in foreign investment in 2023, particularly from China where the local property market is cooling as the economy enters a deflationary period.

REA senior data analyst Karen Dellow says interest in Australian property from overseas has never been higher. According to the data, Melbourne is the most searched location in Australia among overseas visitors to the REA site, followed by the Gold Coast, Brisbane CBD, and Sydney CBD. Also within the top 20 locations are Perth CBD and its inner suburbs, the Queensland Sunshine Coast, Adelaide CBD, and the premium Melbourne suburbs of Brighton, South Yarra, and Camberwell.

Historically, the top two locations for new arrivals have long been Melbourne and Sydney, but the data implies that Queensland is gaining more attention. Half the locations in the top 20 suburbs are in Melbourne and 25% are in Queensland.

The data also shows the suburbs gaining increasing interest from overseas buyers. Ms Dellow said searches for properties in Brunswick East, in inner Melbourne, have increased by 60%, closely followed by Carlton North. “Both suburbs have seen significant development in the past few years and are close to the University of Melbourne and the CBD,” Ms Dellow said. “Searches for Ashgrove in inner Brisbane have increased by 45%, and the Sunshine Coast’s Mooloolaba; and Burleigh Heads on the Gold Coast, have also become more popular.”



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The 60-Year-Old Real-Estate Agent Giving History Lessons on Instagram

Georgetown agent Jamie Peva blends history and real estate on Instagram, turning local stories into a powerful sales strategy.

By
Wed, Aug 26, 2026 5 min

On a recent morning in Georgetown—Washington, D.C.’s oldest neighborhood—real-estate agent Jamie Peva strode down leafy N Street, brimming with historical tidbits.

Jackie Kennedy once lived on the street, he said. So did Ben Bradlee, former executive editor of the Washington Post, along with a former Miss America and a powerful U.S. Senator. Bradlee’s widow, author Sally Quinn, and Eric Schmidt, former CEO of Google, own stately homes there.

“I’ve seen a picture of Lyndon Johnson coming out of this house,” said Peva, passing a Federal-style brick mansion. “Also, the Beatles went to a lawn party here.”

Peva, a 60-year-old agent with Washington Fine Properties, has sold Georgetown real estate for over three decades, often traversing the neighborhood by bicycle. Of the roughly 2,500 houses in the historic neighborhood, he has been involved in the sale of 460, he estimated. A self-styled historian of the neighborhood, he knows stories behind its houses and their owners going back generations.

With a knack for lively storytelling, he shares his knowledge with some 37,500 Instagram followers, who have made Peva—sporting the bow ties he has worn since boarding school—an unlikely social-media influencer. Many of his followers are locals, and most have no plans to buy or sell real estate—until they do. It is then, according to Peva, that his spirited reels bring him to mind.

“It’s the digital version of a refrigerator magnet,” he said.

After Peva’s first video in November 2023, his eponymous Instagram account sparked a 10% increase in sales volume in the first year, and another 20% the next, he estimated. “It’s been very good for business, there is no question about it,” he said.

But Peva’s posts have also made him a local celebrity. As he walked down N street, the driver of a Mercedes station wagon slowed down to honk and wave. A lady walking a large dark gray dog stopped to ask what he was filming that day (a reel about a Colonial-era bottling plant.) Peva knew the dog from walking his two springers, Jumpy and Peggy-O, in the neighborhood.

“I need to make a video about the pooches of Georgetown,” he mused.

Jamie Peva shooting an upcoming Instagram reel on a historic house on P Street in Georgetown.
Jamie Peva shooting an upcoming Instagram reel on a historic house on P Street in Georgetown.

A growing number of real-estate agents now use social media to sell, and some have millions of followers with reels featuring ultraluxury pads, selling tips or reality TV-style reports on their daily lives. While Peva posts about his listings—and sometimes those of other agents—he mostly focuses on Georgetown history, local businesses and community events, saying his goal is to benefit both his business and the neighborhood.

“If we don’t find something genuinely interesting and worth sharing, we won’t do it,” said Peva’s daughter, Violet Peva, a New York social-media strategist who films, edits and posts his reels. “We cover many topics, not just real-estate information.”

Peva is originally from Connecticut, but has lived in Georgetown for over 30 years, currently in a cottage-style house with a white picket fence. Over the years, Georgetown has changed. The Georgetown Set, a powerful group of Cold War-era residents whose Sunday-night potluck dinners are said to have swayed U.S. policy, has long faded away. The community is still home to high-profile Washingtonians, including a Republican senator and several cabinet members. But it increasingly also attracts technology and finance executives, according to Peva. He now routinely signs nondisclosure agreements, ensuring privacy for wealthy clients. The shift has made him rethink his marketing approach.

“For years, a big part of our Georgetown business was made up of people who maintained a low profile,” he said. Real-estate agents were similarly low-key. Today, curb appeal is more important, he said, and agents are promoting themselves more. “As this change was underfoot, I was thinking that I needed to evolve myself too,” he said.

A street of colorful row houses in Georgetown.
A street of colorful row houses in Georgetown.

Though his own social-media use is mostly limited to following sailing accounts, he asked his daughter to help him post his listings online. Violet, now 26, started coming to D.C. once a month to film his reels. After an early video, on a condominium building called the Elliott, her sister Fern called her to report: “Daddy’s blowing up on Instagram,” Violet recalled. The reel got over 50,000 views. The next two each drew over 300,000. Peva’s most popular post ever, with over 838,000 views, was about the Grateful Dead playing in Georgetown. Sometimes, Peva interviews Georgetowners such as Quinn, the author, or Jamie Stachowski, the owner of a local butcher shop.

Peva’s daughter, Violet Peva, shoots, edits and posts his reels.
Peva’s daughter, Violet Peva, shoots, edits and posts his reels.

Peva, who majored in history in college, now spends up to two hours a day on research, usually in the morning while on his stationery bike. Online, he pores over old newspapers or the Library of Congress website, and he has a collection of articles and books—in and out of print—about Georgetown.

Companies often approach Peva for promotional posts, he said, but he turns them down, feeling that followers would lose interest in constant commercials. One exception is a recent paid post on Mount Vernon, the former home of George Washington. Peva wanted to share its history, he said, and didn’t want to lose the opportunity to another Instagrammer.

Anthony Arend, a professor at Georgetown University, has lived in his current home for 19 years without any plans to sell or buy real estate. But he follows Peva and often likes his posts.

Peva at one of his listings, a 1870s house on Prospect Street.
Peva at one of his listings, a 1870s house on Prospect Street.

“He is very charismatic, he is energetic, and he obviously knows a lot about the community,” said Arend, who has referred house-hunting friends to Peva.

One of Peva’s biggest deals—the $10.5 million sale of a 19th-century Italianate mansion—came after he made two 2024 reels featuring the property. In March, he sold the longtime O Street home of Tim and Jane Matz for $5.8 million after featuring it on his Instagram. Peva had showed them the home 25 years earlier, with Violet in a baby carrier on his back.

Last year, Kate Watts, 49, a digital consultant, called Peva to sell her late father’s three-bedroom house on Q Street; her husband had seen Peva on Instagram. In an October reel, Peva praised the architecture of the house, designed by modernist Hugh Newell Jacobsen. Halfway through, he mentioned an open house the next day, ending with an upbeat: “Did I also mention this house is for sale? $3.75 million!” The reel got 27,000 views, the open house was packed, and the buyers made an offer at the list price on the same day.

Peva often travels around Georgetown by bicycle.
Peva often travels around Georgetown by bicycle.
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