Saturday, July 27, 2013

Chinese Buyers & Infinity

The AFR had a story on 24 July:  "Brisbane keen for more Chinese buyers".  Some extracts:
  • Harry Triguboff from Meriton apartments expects Brisbane to be next in line for an influx of Chines investors, but says it will depend on the growth in education in Brisbane.
  • Chinese buyers in Brisbane were few and far between, when compared with Sydney and Melbourne.
  • Infinity Tower, by Merition, has sold about 200 apartments according to Urbis. 
  • In the first quarter, only seven apartments were sold in Infinity, for an average price of $560,714.
  • Meriton has no additional plans for apartments for Brisbane.  "I want the Brisbane market to get stronger first."

No comments: