One in six property sales to an Asian buyer: RE/MAX

Discussing the importance of forging strong relationships with overseas markets, managing director of RE/MAX Australia and RE/MAX New Zealand, Michael Davoren, said that currently a significant amount of stock is being purchased by Asian buyers.

At the RE/MAX Asia-Pacific Rim Summit held in Hong Kong, the major topic of focus was to how the harness the power of the real estate market that flows between all the countries in the Asia-Pacific Rim.

"The volume of movement is significant and increasing," said Davoren.

"We are beginning to see figures showing that just in Australia alone, one in every six new property sales is to a buyer from an Asian region," he said.

Currently, the major issue for those wishing to sell properties abroad is a technological one.

"One issue high on the agenda was technology. We discussed not only new systems but also which of the many portals are the most effective. This is all about improving the experience of our clients in all these countries."

RE/MAX has now expanded into Japan, with master franchise rights being taken up there by Generation Group, LLC.