Last financial year there was a 60 per cent hike in foreign applications to buy Australian residential property and the value of approved applications increased by an astounding 75 per cent. According to Foreign Investment Review Board (FIRB) data – majority of this investment came from Chinese property investors.
Despite greater limitations being placed on foreign real estate investment and a tightening of the Chinese economy.
We analyse everything; the market, buyers, consumer confidence, the economy, and what’s going on in the world as we are tapped into a global world now,” John says. “It’s not like the old days the market changes all the time – the buyers you are working with and the best methods of sale – being an old-fashioned agent doing the same thing day in and day out just doesn’t work anymore.”
More and more investors are buying online using buyer advocacy services.