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Proportion of Overseas Buyers in the NSW and Victoria Market

Discussion in 'Property Market Economics' started by wombat777, 21st Jul, 2015.

  1. wombat777

    wombat777 Well-Known Member Premium Member

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    Alan Kolher had one of his lovely graphs on the ABC News tonight.

    It shows the share of overseas buyers in the NSW and Victoria markets. Note the decline.

    Does this reflect:
    1. Impact of foreign economic performance
    2. Foreign buyers moving to markets other than NSW and Victoria
    3. This site driving the market to Brisbane?
    @Simon Hampel - do you have any stats indicating overseas visitor activity on the site

    Screen Shot 2015-07-21 at 8.28.29 pm.png

    See also http://www.abc.net.au/news/2015-07-...ease-share-of-existing-home-purchases/6637760
     
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  2. JDP1

    JDP1 Well-Known Member

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    I just posted similar on another thread ..lol...great minds think alike?
    I said in that thread im a bit surprised at this. I would have thought the numbers would hold as I would expect foreign investors to be more resilient to rising house prices than non-foreigners.
    It might be a bit of point 2, chasing higher yields [ likely for foreigners to rent it out, thus yields matter] and cheaper entry price leaving room for CG. Don't know for sure tho...
     
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  3. wombat777

    wombat777 Well-Known Member Premium Member

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  4. Simon Hampel

    Simon Hampel Founder Staff Member

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    We don't get much search traffic on the site yet because we aren't ranked very highly in Google yet (a few more weeks and that should start improving).

    We do have a dozen or so registered members who live overseas but invest here (I know because I have to manually approve them if they aren't registering from Australia) - although I think they are mostly ex-pats.

    Of the 17,500 users we've had visit the site in the past month, Google Analytics indicates that:
    • 89% were from Australia
    • 2.4% from the US
    • 1.0% from Hong Kong
    • 0.5% from Singapore
    • 0.45% from China
     
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  5. wombat777

    wombat777 Well-Known Member Premium Member

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    Interesting stats. It will be interesting to see it change.

    Do you have access to stats from SS?

    Perhaps need to look at changing trends in browsing activity (hits/usage) from overseas rather than proportion of overall visitors.
     
  6. JDP1

    JDP1 Well-Known Member

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    a small donation to the google foundation should do the trick.
     
  7. kamchatsky

    kamchatsky Well-Known Member

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    I think most Chinese investors would visit Chinese websites instead to investigate about properties, rather than English based website.
     
  8. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    The dip could be due to all their permanent visas coming through?
     
  9. Simon Hampel

    Simon Hampel Founder Staff Member

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    Even so, I highly doubt that PropertyChat or Somersoft is high on their list of must-visit website (or even appears on their radar!).
     
  10. sumterrence

    sumterrence Well-Known Member

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    Lets just say in general most Chinese purchasers prefer to listen to family and friends rather than do their own research.
     
  11. Chilliblue

    Chilliblue Well-Known Member

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    The large multinationals target the various Asian markets directly in their own languages and with their own specific advertising so few would be undertaking the style of research we do here on PC

     
  12. JDP1

    JDP1 Well-Known Member

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    The last graph shows greece down 40%. Don't know why everyone is hyping brisbane when there are better deals in greece :)
    I'd opt for seaside land in greece and just sit on it for 20 years.
     
  13. jaybean

    jaybean Well-Known Member

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    Also I bet VPN use is very prominent these days, particularly in the last three countries:

    AU -- new draconian laws
    US -- post-Snowden
    Hong Kong -- China causing a lot of trouble now
    Singapore -- Dictatorship govt.
    China -- To get pass the great firewall
     
  14. Tekoz

    Tekoz Well-Known Member

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    Sucha as this one: http://house.ksou.cn/ ?
     
  15. Tekoz

    Tekoz Well-Known Member

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    @sumterrence: hence mostly end up buying in -woody suburb like Eastwood, Chatswood, Burwood, and Hurstville.
     
  16. kamchatsky

    kamchatsky Well-Known Member

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