Mandarin-language mortgage comparison website launched in Australia
Mortgage broker, N1 Finance & Lease, has launched Australia's first Mandarin-language mortgage comparison website, chengdai.com.au.
The website, written by N1 Finance brokers, offers home loans from more than 30 lenders.
N1Finance's Sydney based managing director, Ren Wong said the website would initially target the estimated one million local Chinese in Australia.
"Initially the website is likely to attract 400 unique visitors per month but is expected to grow quickly with approximately one million people from a Chinese heritage residing in Australia," he said.
The website cannot be accessed in China.
Global property website Juwai.com suggest around 40% of foreign Chinese buyers borrow when buying offshore property.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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