Chinese Property Specialist Enters Brisbane

Property, finance and immigration firm Ausin Group has made its first foray into the Brisbane market to capitalise on Chinese demand for property in the city.

Ausin secured $50 million in property sales in its first launch weekend in Brisbane.

More than 90 apartment sales were sold in CBD towers and fringe suburbs, averaging around $565,000. The company opened its office on Eagle Street this week to coincide with the sales launch.

Joseph Zaja, Managing Director of Ausin Group said: “Brisbane is an emerging market for Chinese buyers. Prices are affordable, major infrastructure projects are underway across the city and the government is investing billions in South East Queensland.

"Astute Chinese purchasers have recognised that Brisbane offers excellent long-term investment opportunities.

“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.”

Thirty per cent of the sales were to off shore buyers planning to move to Brisbane within the next three years, while the remaining 70 per cent were investors. Two bedroom apartments were the most popular configurations.

Mr Zaja added: “Ausin’s immigration business has recently started processing several 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 to migrate to Brisbane will continue to gain traction in future years.”

Ausin is undertaking a major recruitment drive and seeking qualified sales people that understand the Chinese culture to service its off shore buyers seeking quality Brisbane properties.

“Brisbane is Australia’s third largest city and is gaining interest on a global scale, particularly after it hosted the G20 Leaders’ Summit," Mr Zaja said.

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

"Ausin has partnered with several listed companies and local developers to service the Chinese market in Brisbane.”

Ausin is one of Australia’s largest privately owned companies providing property, immigration and financial services advice to both Australian and Asia Pacific markets.

Ausin sells properties for Australian Stock Exchange (ASX) listed companies and private property developers in Australia and New Zealand. Its offices are located in Sydney, Melbourne and 11 major capital cities in Asia. It employs over 350 staff across these offices.