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Originally posted as:
TianChan: Chinese Property Buyer Trends Analysed – Here’s Their Property Wish-List
If you live in any of the postcodes below, your property might be on the Chinese buyer hit-list!
Tianchan recently released data that analysed the property search trends and habits of Chinese property buyers to identify the top suburbs the Chinese buyers are flocking too, and the results are quite surprising.
Top Postcodes for Chinese Property Buyers Online
Adelaide CBD was the number one postcode for Chinese buyers with 20% of enquiries pushing the 5000 postal code to the top of the list.
Notably, the university end of North Terrace and the East End of the city were the most popular sections of town as buyers recognized the value of property around the education and entertainment precincts.
Living in the 5062? Your postcode is the hottest inner-suburban patch for Chinese immigrants with 12% of property enquiries for the top 10 suburbs coming in for some of Adelaide’s most expensive properties.
Netherby and Mitcham were the top picks within the 5062 postcode area, as buyers moved to be as close as possible to the Urrbrae School zone and Adelaide University Waite Campus.
The Eastern Suburbs of Adelaide were a hot-bed for Chinese buyers who’s population in the suburb of Burnside exploded by 312% (2011 Census: 1,113, 2016 Census: 4,588).
A massive 35% of all enquiry for South Australian property fell within this area, showing that buyers are still looking to move into the area.
Golden Grove & Greenwith were a surprise entry into the top 10 postcodes, with the North Eastern suburbs attracting 10% of the total enquiries received.
The North Eastern corridor of Adelaide overall received 25% of enquiry as Chinese buyers recognised the value of larger block sizes and bigger homes in this area, as well as excellent rental returns.
Thebarton was a super-hot suburb as Chinese buyers moved to take advantage of the inner-western suburbs within 5kms of the CBD.
The western suburbs were well represented overall in the enquiry statistics, with higher rental yields thanks to the proximity to the city and the sea attracting buyers concerned with return on investment.
Approximately 890 properties were purchased by overseas Chinese investors over the 2015 – 2016 period with a total value of $960million dollars, agents need to ensure that they can appropriately handle Chinese enquiries.
TianChan offers a translation service to agents to assist with reaching the mainland Chinese property buyer market. TianChan assists with handling enquiries and a free buyer’s service to assist with facilitating the transaction, including FIRB approvals, international tax law & specialist conveyancing advice.