Marketing Australian property in Asia

[braden]

Good morning!
Does anybody have any experience with marketing Australian properties in Asia? I have a block of 4 units that I'd like to sell and I think that with the current Australian property market, it would be worthwhile to offer it to investors from Asia.
Any feedback or info on how-tos would be much appreciated.
Thank you

[brandon]

Hi Braden,

I have offices in Hong Kong , Singapore and India . What do you want to know? First point there are many Aussie rogues selling property for way beyond what it is worth. At the end of the process you want the buyers to settle

Costs are very expensive you need to be selling a lot more than 4 properties, no offence intended.

The Asian market is all about perception, so the properties are generally marketed in the foyers of 5 star hotels . The function rooms and meeting rooms are hired out , plus media advertising. There is no change out of $40K AUS and no guarantees of a sale.

Many of the purchasers from Asia have studied here have relatives local etc, i.e. they have an affiliation with Australia and that is what attracts them to the advertising in the first instance.

I hope this is not a thought of ripping off offshore investors as this tarnishes every aspect of Australia. I am not suggesting it is , but I get very annoyed overseas when I see $500K properties in Gisbourne Vic that would not fetch $400K, it burns the market for everyone, that is a literal example.

Your best option would be to package a deal with some of the other post offers,

cheers

[Dean Rz]

Brandon,

In response to your email below, what about selling expensive homes in Asia. Do you have the expertise in this area and would you consider it worthwhile? Please provide me with more details?

Regards,

Dean