Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
Another finance and property group targets Brisbane

Another finance and property group targets Brisbane

Ausin Group’s decision to open a Brisbane office has provided further evidence that foreign investors may be turning away from the big two capitals.

The finance and property group has this week opened a Brisbane CBD office, just days after making what it said were $50 million of property sales over the weekend.

Ausin said that more than 90 apartments were sold in CBD towers and fringe suburbs at an average of about $565,000.

Advertisement
Advertisement

The group said that 30 per cent of the sales were to offshore buyers planning to move to Brisbane within the next three years, while 70 per cent were to investors.

Two-bedroom apartments were the most popular configurations.

Ausin managing director Joseph Zaja said Brisbane is an emerging market for Chinese buyers and that it offers excellent long-term investment potential.

“Prices are affordable, major infrastructure projects are underway across the city, and the government is investing billions in south east Queensland,” he said.

“Brisbane’s accessibility to quality universities, major employment hubs and its clean lifestyle with an abundance of open spaces were major drivers for the Chinese to purchase in Brisbane.”

Coronis, a Brisbane-based property and finance group, announced earlier this month that it was about to open a Chinese office to cash in on “extraordinary” Chinese demand.

Managing director Andrew Coronis said that foreign buyers are showing increasing interest in Queensland rather than just focusing on Sydney and Melbourne.

Mr Zaja said Ausin’s immigration business has recently started processing applications for Chinese people seeking to live in Brisbane.

“In the past, most of our applications were for Sydney or Melbourne. We expect the interest in migrating to Brisbane will continue to gain traction in future years,” he said.

“The city is clearly on the Chinese radar and we plan to capitalise on this interest by providing quality investment opportunities.”

Ausin said it was responding to the demand by launching a major recruitment drive for qualified salespeople who understand the Chinese culture.

Another finance and property group targets Brisbane
mortgagebusiness

 

Latest News

Regulators could move to set caps on loan volumes for borrowers with high debt-to-income ratios if the housing market recovery continues to ...

The federal Treasurer has welcomed the final budget outcome for the 2019 financial year, which shows that the deficit now equates to zero pe...

The Federal Reserve has slashed rates for the second consecutive month, “reinforcing” the necessity of further cuts to the cash rate in ...

FROM THE WEB
podcast

LATEST PODCAST: New lending launches

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.