Report: OurProperties.com.au 3rd Oct 2011
It’s the first day after we switched our clocks forward 1 hour (or have you done so?)
So here comes Spring, no, wait… Summer. At least Australia’s real estate agencies feel it that way.
The Barry Plant Group, with over 20 offices listing on OurProperties.com.au in English and GiFang.com in Mandarin, has had a fantastic round of auctions in the last two weekends in general. Those properties on private sale, on the other hand, are picking up more interest from the market, especially Chinese buyers.
“The Chinese buyer market is a huge market”, says David Devlin, director of Barry Plant Craigieburn and Roxburgh Park, “with a variety of house and land packages we have for sale here in Cragieburn, our profiles and our properties on OurProperties had thousands of clicks over the weekend.”
“The price and location of our products are very well catered to our increasing Chinese buyers,” David added.
David is one of Melbourne’s well known auctioneers and a senior real estate director, of Barry Plant Coburg, Craigieburn and Roxburgh Park.
“Barry Plant is a company with open-mindedness and a great vision,” says Michael Yang, Chief Executive of OurProperties.com.au, “and no doubt their reach for international buyers will see them succeed in the long run. We are proud to be of assistance along the way.”
Meanwhile, OurProperties.com.au has caught the attention of Hockingstuart.
“Before FIRB changed their policies against overseas buyers, Chinese buyers were often the last-laughters at most auctions here locally,” says Nick Renna, Director of Hockingstuart Bentleigh, “80% of the properties on auction were bought by Chinese. And now the numbers dropped dramatically but the interest is still there.”
Nick Renna is one of Melbourne’s highly regarded auctioneers and an icon for Hockingstuart Bentleigh.
“With strong economy and unhidden love for real estate,” says David Jane, Director of Century 21 on Centre, “China and its buyers are catching the attention of the world, we see them and their news almost everyday. It presents a challenge to the local buyer but surely with the right regulations in place, it’s a positive thing to hotten our market.”
It’s definitely getting hot. And hotter soon.
Report by: OurProperties.com.au
All rights Reserved 2011
