Ausin expects doubling in mainland Chinese property purchases in Australia
The Ausin Group, which specialises in offering residential and commercial property to the mainland Chinese market, has sold over 1,200 new properties across New South Wales, Victoria, Queensland and New Zealand in the past year.
The annual sales totalled over $800 million with Ausin Group selling over 450 Melbourne properties to Chinese buyers valued at over $260 million within the last three months.
It is now expanding four of its major offices in Sydney, Melbourne, Shanghai and Beijing to meet strong demand from Chinese investors seeking Australian and New Zealand properties.
Ausin Group’s buyers are mostly from Southern China, Beijing and Shanghai.
The company now employs over 300 people across 13 offices in Australia and China, with offices at Shanghai, Beijing, Kunming, Hangzhou, Guangzhou, Nanjing, Ningbo, Chengdu, Shenzhen, Wuxi, Suzhou in China.
Joseph Zaja, general manager of Ausin Group said the demand had been driven by several factors including the Chinese property market being currently soft and "will continue to be so for a number of years".
"Australia is considered a safe property investment haven with solid returns and is a preferred immigration destination.
"The Australian standard of education, safety and low pollution levels are all appealing to Chinese immigrants seeking a new place to call home.”
Ausin Group expects to double the number of properties the company sells to Chinese investors over the next year.
Ausin Group was established in 2009.
It sells properties for private and ASX listed companies in Australia and New Zealand.
Property sales included a mix of Inner City apartments and house and land packages.
Mr Zaja said sales included Inner City apartments within a two kilometre radius from the CBD to residential communities situated between 20 to 40 kilometres from the CBD.
"South Yarra, St Kilda and Toorak are some of the areas attracting Chinese buyers.”
He said Chinese purchasers in Melbourne were seeking properties which have good infrastructure links, are close to major universities and are easily accessible to the CBD.
Joseph Zaja is a panellist at the upcoming Property Observer webinar on Off the Plan Marketing and Sales Masterclass.