Golden Week brings Chinese buyers to Sydney

You may never have heard of it but ‘Golden Week’ could be turning into a tremendous sales opportunity for Sydney high end estate owners.

Each year in China, there are two Golden Weeks, or long national holidays. The last one is October 1 to 7, Chinese people call it the “Luxurious and Golden Long weekend”

Enquires surge in national holidays

According to WooBuyers’ Chinese portals, during ‘Labour Day’, in beginning of May 2014, a 3 days spring holiday in China, the number of searches by Chinese buyers looking for Sydney luxury properties on the site was up 66% before the holiday began. Mandarin and Cantonese speaking Chinese desk has received 73% more enquiries from offshore cashed up Chinese buyers who are looking to buy luxury homes in Sydney.

More than half (75%) of WooBuyers Chinese clients intended to buy Sydney high end properties within the next three to nine months from the price tag above AUD$ 3 million.

Love of prestigious home

According to the latest Foreign Investment Review Board approval figures, China topped the list of foreign investors after pouring $5.9 billion into Australian real estate in the past financial year.

Wealthy Chinese are looking for better returns than they can get at home, and the Australian housing market is now second only to the US in its attractiveness for investors. Quality education and lifestyle are amongst major consideration. Investment, medical and of course immigration are also very strong trending factors.

In the Sydney harbour suburb of Mosman, 30 to 40 percent of sales over $3 million have reportedly been sold to Chinese buyers. Luxurious properties with water view upto 30 mins driving distance from CBD are also in their hunting list.

Call to Action

Chinese property buyers have plenty of money and a particular fondness for Sydney, the beautiful Harbour City.

Most wealthy Chinese will take advantage of the unusual length of the Golden Week holiday to go abroad and scout or purchase property and take their family for a holiday.

If you think your property would suit the Chinese interest and don’t want to miss this golden opportunity, please contact us on 0408 098 282 or email us to set up a confidential discussion. Always good to prepare early.

About WooBuyers

WooBuyers think differently. We are an innovative game changer and offer unique and extensive Chinese local and international property marketing Solutions . WooBuyers can help you to market your valuable asset or projects directly to China and be reached by cashed up & ready, rapidly growing High Net Worth Chinese Buyers. Quality and exclusivity are our core strength.

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