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Chinese buyers looking property during New Year celebrations

first_imgHarcourts Coastal director of international marketing, Ray Wei, said he handled about up to 20 new Chinese buyers a week on the Gold Coast. Picture: Jerad WilliamsGOLD Coast real estate agents are gearing up for an influx of wealthy Chinese property buyers this weekend flying in to celebrate Chinese New Year.With many Chinese tourist staying on the Glitter Strip, property experts say up to half will inspect a property during their stay. Hope Island is the number one suburb on the Coast among Chinese property seekers over the past six months with more than 550 searches, according to realestate.com.au.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North12 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoIt ranked seventh in Queensland with the Brisbane suburb of Carindale leading the search charge.Harcourts Coastal agent Sally O’Neill said half of her property inquiry in Hope Island came from potential Chinese buyers.“They’re especially interested in the high-end properties,” she said.“They like the fact that they’re in gated enclaves as they can then go back to China and know their house is safe and secure.”Harcourts Coastal director of international marketing, Ray Wei, said he handled about up to 20 new Chinese buyers a week on the Gold Coast.He said the golfing, fishing and boating lifestyle at Hope Island as well as the security and its proximity to Brisbane made the suburb attractive to Chinese buyers.last_img read more