Seven facts about Australia's wealthy Chinese investors: Michael Yang

EXPERT OBSERVATION

Last week I travelled around a few cities and caught up with the directors from some of Australia's top Chinese developers and institutional investors.

Here is what I found:

1. Together these institutions invested over $1.75 billion AUD in residential development sites in the last FY;
2. In this FY, another $2.5-$3 billion is expected to be poured in;
3. Since 2017, most of Australia's Chinese developers are moving away from high density development (e.g. apartments) to low density (house and land in particular);
4. Institutional investors are looking for high-yield (8% or more) commercial properties occupied by major businesses or government tenants;
5. Half of Chinese developers in Australia are backed by banks in China (which are mostly state-owned);
6. None of them wants to be involved in Australian politics or donate anything to any political party;
7. Most of them prefer land without a permit because of cost and their willingness to be involved in every step of designs;

What's interesting, is that all of the top Chinese developers and institutional investors believe the property market is already bouncing back.

What caught their attention from GiFang.com is how we handle data - both property data and Chinese user data.

As the world's only Chinese property platform with both website and Android/iOS app that focus 100% on Australian real estate, we can track things like the percentage of Chinese users that looked at the listings, state by state.

By the way, this is what we found in July:

VIC: 29.4% of our users viewed properties in VIC

NSW: 27.9%

QLD: 21.0%

WA: 9.9% (fastest growing)

SA: 7.3%

TAS: 4.5%

ACT: 0% (no property on GiFang)

NT: 0% (no property on GiFang)

In total there are over 1.03 million visits in July, about 40% are from AU & NZ.

Michael Yang 杨霄羽 is CEO of GiFang.