Chinese New Year 2020 - 25th January

Discussion in 'The Buying & Selling Process' started by FredBear, 15th Jan, 2020.

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  1. FredBear

    FredBear Well-Known Member

    Joined:
    7th Aug, 2018
    Posts:
    468
    Location:
    Sydney & Abroad
    I've been speaking to agents this week and also to another property owner who also has been speaking to agents about selling, and a common theme from the agents was that you need to get on the market ASAP as Chinese New Year starting 25th January will bring a in wave of potential cashed up buyers in a hurry to buy something.

    I'm sure that this is no longer the case: buyers from China can't simply come here for a brief holiday and buy up existing property. Only new properties, off the plan apartments and vacant land can be purchased - and FIRB approval is needed.

    I think the agents are just trying anything to get listings. Anyone else experience this?
     
    FredBear, 15th Jan, 2020
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,525
    Location:
    Melbourne
    Must say I never tried buying/selling during CNY.

    They can buy commercial too BTW.

    The Y-man
     
    The Y-man, 15th Jan, 2020
    #2