AMERICANS are already flocking to the Australian property market following the shock US federal election result which saw Donald Trump win the presidency.
American property website Realtor.com’s International site saw traffic hit a high of 7000 pages views at 5am Australian time this morning — up more than 500 per cent from the same time the week before.
During the three days leading up to the election, Realestate.com.au had also seen a 21 per cent surge in searches made from people with US IP addresses.
Sydney was the most searched for city followed by Adelaide and Melbourne.
The most searches came from California and New York — both Clinton strongholds.
Realtor.com also saw a spike in searches from Americans looking for property in Canada, Mexico and Jamaica.
REA Group chief economist Nerid Conisbee said it was interesting to note the top searches were coming from California — a state that overwhelmingly preferred Clinton.
“The election result and the uncertainty created is likely to be concerning many people in the US. The US is one of the countries most frequently searching our site and this result is similar to what happened with searches from the UK following Brexit,†Ms Consibee said.
Realtor.com chief economist Jonathan Smoke said the lead-up to the election had not impacted local home sales or demand.
“However, if the outcome has a big impact on financial markets that lasts more than a few days, we could see some disruption beyond the usual seasonal decline,†Mr Smoke said.