Are you a Chinese investor thinking about buying property in Australia? You’re not alone. Recent Treasury data shows that Chinese investors are increasingly interested in Australia’s property market. They spent a record $2.3 billion on residential real estate in the nine months leading up to March 2023. That’s about $8.4 million a day, making Australia more popular for Chinese investors than Canada, the UK or the US. During this time, Chinese investors bought 1,775 properties, and those from Hong Kong spent $400 million on 467 properties.
PropTrack report shows that rental property searches from China are up 25%, nearly double what they were before the pandemic. The interest in buying property is also increasing, especially in China, where it went up by 36.9%.
However, securing a mortgage as a foreign investor can be difficult. That’s where Home Loan Experts comes in. We have a deep understanding of the Australian property market, and our services include mortgages for Chinese investors and Hong Kong investors.
Why Choose Us?
We Understand Our Chinese Clients
While the volume of our dealings with Chinese investors is limited, it is specialised. Most of our clients are Australian citizens residing and working in China, with very few inquiries coming directly from Mainland China. Most are employed with multinational companies, while a smaller fraction are entrepreneurs. These individuals often have a substantial deposit and generally require a loan-to-value ratio (LVR) of 70% or less.
An interesting observation is that there has been a noticeable uptick in interest from Australian citizens living and working in Hong Kong. They seem more eager to invest in Australian property now than they were a few years ago. The underlying reasons for this are varied but could be influenced by sociopolitical factors and a stable Australian property market.
Transparency And Expertise
Most of our Chinese clients discover us through internet searches, which speaks to our transparent and robust online presence. But what keeps them engaged is our ability to negotiate a competitive interest rate based on the strength of their application. We specialise in complex financial scenarios and even assist those whom banks might have turned away in the past.
A Relationship Beyond Settlement
What makes us stand out is our commitment to clients beyond the point of property settlement. We offer guidance throughout the lifetime of your home loan, ensuring that you are always on the path to financial growth.
Specialised Service For Chinese Clients
- Brokers who can communicate with you in your language – Mandarin or Cantonese
- Assisting with the documentation process, including translating documents into Chinese
- Negotiating a competitive interest rate with a lender
- Guiding Australian tax and legal implications for foreign investors
- We also have a strong network of relationships with both traditional bank lenders and alternative non-bank lenders. This allows us to explore various options and find the best loan for each client.
Ready To Make Your Next Move? Let’s Talk.
At Home Loan Experts, we’re a team of experienced and qualified mortgage brokers who are experts in the Australian property market.
We also have a strong track record of success, having helped hundreds of Chinese investors secure mortgages for their Australian property purchases.
Call us on 1300 889 743 or complete our free online assessment form today to learn more about our services and how we can help you.