{"id":10965,"date":"2021-02-10T11:00:00","date_gmt":"2021-02-10T04:00:00","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10965"},"modified":"2021-06-04T15:59:45","modified_gmt":"2021-06-04T08:59:45","slug":"australian-developers-offer-free-immigration-services-to-attract-chinese-buyers","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/australian-developers-offer-free-immigration-services-to-attract-chinese-buyers\/","title":{"rendered":"Australian developers offer free immigration services to attract Chinese buyers"},"content":{"rendered":"

Experts forecast real estate demand to surge by 40 percent compared to\u00a02020<\/span><\/p>\n

\"\"
Clients are often attracted to Hunters Hill, Mosman, eastern suburbs, and upper north shore in Sydney. paoarq\/Shutterstock<\/figcaption><\/figure>\n

Australian agents and developers are proposing a range of services,\u00a0<\/span>including<\/span>\u00a0free immigration, cash backs, and access to concierges to<\/span>\u00a0tempt Chinese homebuyers this Chinese New Year<\/span>, reported\u00a0<\/span>realestate.com.au<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

Typically, Chinese New Year is one of the peak seasons where Chinese buyers visit Australia to seek after their dream home.\u00a0<\/span>\u00a0<\/span><\/p>\n

In the face of the pandemic and Australia\u2019s closed borders<\/span>,\u00a0<\/span>experts still anticipate\u00a0<\/span>overseas\u00a0<\/span>i<\/span>nquiries <\/span>to increase by 40 percent compared to last year.\u00a0<\/span>\u00a0<\/span><\/p>\n

Georg Chmiel, co-founder and executive chairman at\u00a0<\/span>Juwai<\/span> IQI Group, said that Chinese home hunters<\/span>\u00a0were expecting to splurge\u00a0<\/span>during<\/span>\u00a0the New Year<\/span>, as Chinese officials encourage families to stay home due to a spike in COVID-19 cases.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cMany Chinese with unexpected bank account surpluses are telling us they have decided to invest in real estate rather than fritter away the money,\u201d Chmiel said. \u201cThat\u2019s why home prices in major Chinese cities are climbing and one reason we forecast is higher demand in Australia.\u201d <\/span>\u00a0<\/span><\/p>\n

With this potential demand, many Australian developers and agencies are creating incentives to woo Chinese buyers.\u00a0<\/span>\u00a0<\/span><\/p>\n

Kay & Burton, a Melbourne real estate chain, are offering access to\u00a0<\/span>personalised<\/span>\u00a0concierge service<\/span>s<\/span>\u00a0to overseas Chinese buyers who\u00a0<\/span>make\u00a0<\/span>inquiries<\/span>\u00a0in the next month.\u00a0<\/span>\u00a0<\/span><\/p>\n

Jamie Mi, Kay & Burton head of international, said, \u201cFor most of our overseas buyers at the moment, while the actual decision-makers are overseas, family members are here already.\u201d <\/span>\u00a0<\/span><\/p>\n

\u201cWe know our\u00a0<\/span>personalised<\/span>\u00a0concierge service serves an acute need for these families, many of whom have not yet settled into a permanent home here,\u201d Mi added.\u00a0<\/span>\u00a0<\/span><\/p>\n

Monika Tu, director at Black\u00a0<\/span>Diamondz,<\/span> which <\/span>specialises<\/span>\u00a0in selling properties to Chinese buyers, said she expects this time to be a busy period for Chinese Australians, adding that her clients are often attracted to Hunters Hill, <\/span>Mosman<\/span>,\u00a0<\/span>eastern suburbs, and upper north shore in Sydney. <\/span>\u00a0<\/span><\/p>\n

\u201cAnything with water views or a large backyard with a tennis court is always high in\u00a0demand,\u201d she said.\u00a0<\/span>\u00a0<\/span><\/p>\n

Tu plans to lure buyers over the Lunar New Year with a chain of exclusive events designed to embrace Australian culture.\u00a0<\/span><\/p>\n

More: Will China continue to be Australia\u2019s biggest trading partner?<\/strong><\/a>\u00a0<\/span><\/p>\n

She mentioned, \u201cBefore, you would send a car to pick them up and take them to Yum Cha, but they don\u2019t want that anymore. Today, it is about showcasing the best of Australia as they want to learn about the culture here.\u201d <\/span>\u00a0<\/span><\/p>\n

Property developer\u00a0<\/span>DealCorp<\/span>\u00a0is\u00a0<\/span>proposing<\/span>\u00a0overseas studen<\/span>t<\/span>\u00a0consultancies\u00a0with La Trobe University\u00a0<\/span>advisors to\u00a0<\/span>client<\/span>s who\u00a0secure an apartment at it<\/span>s Polaris development.\u00a0<\/span>\u00a0<\/span><\/p>\n

Such incentives aren\u2019t exclusive to Australia. Many developers throughout Asia are also hoping to lure Chinese buyers with their offerings<\/span>, including a\u00a0<\/span>Bangkok developer<\/span>\u00a0that<\/span>\u00a0is offering USD45,000 in discounts to their Chinese clients.\u00a0<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Experts forecast real estate demand to surge by 40 percent compared to\u00a02020\u00a0<\/p>\n","protected":false},"author":12,"featured_media":20995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[149,137,1089,879],"class_list":["post-10965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-australia","tag-china","tag-chinese-new-year","tag-property-buyers","news_country-australia","news_author-property-report"],"acf":[],"yoast_head":"\nAustralian developers offer free immigration services to attract Chinese buyers | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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