Cashed-
Real estate hunters in China will enjoy helicopter and "money" treatmentcan't-
When they flock to Australia next week, buy "experience", but higher taxes and stricter regulations force many of them to cut their budgets.
The China National Day holiday, known as Golden Week, is a profitable time for many Australian realtors who have been lining up to show off some of the best houses on the East Coast.
An agent hopes to sign a contract worth more than $100 million in a week.
This year has been extended to eight days of long holidays as it matches the Mid-Autumn Festival in China
The Mid-Autumn Festival is also called the Mid-Autumn Festival.
Ctrip, a Chinese travel company, expects 6 million Chinese tourists to go abroad during the holidays, and Australia is one of the top five destinations.
Many travelers combine travel and property search, and some have partnered with Australian realtors to find the perfect property.
Tumonika, director of Sydney-
Black Diamondz, a US-based real estate company, said she had already undertaken four
Carry out a week-long event in local newspapers and social media to find properties for her buyers, due to a shortage of high-class properties for $1000-2500.
Her ad lists the budget and criteria for individual buyers.
For example, a buyer of $60
Millions of Budget beachside villas in the eastern suburbs of Sydney with Harbour Bridge and Opera House views.
Another buyer who is also interested in the eastern suburbs has $3
Buy two on a million budget-
Bedroom apartment with two parking lots.
Tu MS said she booked 17 potential buyers during the holiday and they all had visas --
Mainly 188 Major-investor visas.
Agents say higher stamp duty and land taxes, application fees from the Foreign Investment Review Board and China's crackdown on outbound funds have all affected overseas buyers.
In 2016, the Victoria government more than doubled foreign tourists.
Buyer stamp duty surcharge for 3 to 7 cents.
The number of foreign tourists in the new state has doubled.
The buyer's surcharge is 8 cents and Queensland has a 3-cent surcharge.
Huang Peng, a real estate lecturer at RMIT, said that "the Australian government is smart" and will not immediately levy 15 cents in taxes like Singapore, Vancouver and Hong Kong.
The 15-cent surcharge, he said, was valid, curbing demand from foreign buyers.
Huang Zhiguang believes that the Chinese government's continued crackdown on capital outflows will have a more important impact on foreign buyers than the Australian government's increase in taxes.
Managing director of Gold Coast-
Jordan Williams, a credit agent based in coloche, said restrictions on transferring money from China would soften the market.
However, he said that if Chinese buyers have a proper type of visa, they can get the funds by other means.
Tu MS said she found that buyers with a budget of $3-500 needed a longer settlement time, A client with a budget of about $20 million reduced their standards and budget to about $15 million. Melbourne-
Helen Yan, director of Ray White Balwyn, said buyers can't send it here despite the money.
She added that this has affected markets of more than $4 million.
Buyers will visit the Chinese buyer hotspots in Melbourne, including Balwyn, Glen Waverley and Kew, as well as the eastern suburbs of Sydney, such as Rose Bay, Point Piper and Mount Bellevue.
On the Gold Coast, Mr. Williams noted that the waters of Broadbeach, the waters of Heaven and the streets of Monaco in Sorrento were the most popular areas.
Chinese buyers like the location of big blocks, northern areas and major rivers, he said.
Ming Xu, director of Biggin and Scott Glen Waverley, has arranged helicopter rides for his high-end buyers so they can have a "big picture" of other suburbs they can invest in ".
High-end buyers will have millions of dollars to spend, or existing relationships with agents, he said.
"Otherwise, it will take at least two or three hours to drive in these suburbs.
For many local Chinese buyers like Zhu Hongqing
He allocated time between Melbourne and Wu Xi on the east coast of China, where his ceramic manufacturing company is headquartered
Due to the slowdown in business, Golden Week is the ideal time to check the property.
Zhu, who moved to Melbourne ten years ago, was recently scheduled for a helicopter trip to help him make his next investment decision.
While he enjoyed his trip from the beach in Williamstown to the big block of Turak, dotted with tennis courts and swimming pools, Mr. Zhu said he was interested in Glen Waverley, because it has a strong Chinese community, close to Monash University, there are many potential tenants.
Australia head of China International real estate portal Juwai.
Jane Lu said sellers and agents who attracted Chinese buyers expected the holiday event to increase by about 20 percentage points.
"The buyers of Golden Week are more often higher --
The final buyer, "MS Lu said.
"Some buyers will take advantage of this opportunity to sweep and snap up listings in the market they are studying online.
Nowadays, drivers from Chinese buyers to and from the airport are very common, and some people will arrange accommodation.
Mr. Xu says he sometimes helps buyers arrange for admission or buying a car.
Some buyers want a sum of money, MS Tutu said. can't-
Purchase Experience "such as staying at home instead of staying in a hotel.
Her agency also organized a luxury shopping experience, visiting galleries and a private tour, she said.
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