Stonnington Real Estate Market Booms with International Buyers
In Q4 2022, the real estate market in Stonnington has experienced a significant uptick in the number of international buyers returning to the market. According to recent sales data, international buyers are outpacing local buyers in terms of purchasing power. This trend is expected to continue in the coming months, as more and more international buyers look to invest in the Stonnington real estate market. A recent article from realestate.com.au notes that offshore searches for Victorian property have been the highest on record over the past six months, with Melbourne being particularly in-demand among international buyers, particularly those from India, the United Kingdom, China, Europe, and Singapore. The article suggests that this trend is due to the increasing housing affordability crisis in Melbourne and the return of international workers and students to the city.
International representatives at RT Edgar Stonnington
International representatives at RT Edgar Stonnington
Strong Demand: International Buyers Outpacing Local Purchasing Power in Q4 2022
To capitalize on this trend for our clients, our team at RT Edgar Stonnington has refreshed our strategy to capture the Asian buyer market, in particular, in the Toorak area. In particular, we have identified a significant amount of unsatisfied capital in the Asian market, with a strong appetite for purchasing in Q1 and Q2 of 2023.
Team Strategy: Capturing the Asian Buyer Market: RT Edgar's Refresh Approach
Leading our efforts in the Toorak area for our clients is Mandy Zhu and Helena Chow. Mandy is a specialist in the international Asian buyer market, brings a wealth of experience in deploying Asian capital into Stonnington, and is fluent in Mandarin. Helena, a Chinese Boroondara resident with over 20 years of experience, fluency in Cantonese and Mandarin, and a background as a CPA, brings her keen eye for detail and passion for property renovation to help our clients navigate the Stonnington real estate market. Together, they are trusted by our team to handle the growing demand from the international buyer market for our clients. Our team is composed of internationals who can speak the preferred dialect at each office, and we specialize in looking after our clients in their preferred language.
Mandy Zhu and Helena Chow: Experts in the International Buyer Market: Meet Mandy Zhu and Helena Chow
Mandy and Helena have strong interpersonal relationships with migration agents, private bankers, finance brokers, and accountants, who are connected and have access to new offshore capital in Hong Kong, China, Malaysia, Singapore and Europe. With their knowledge and expertise, Mandy and Helena are well-positioned to help our clients navigate the Stonnington real estate market, in particular, the Stonnington area and find the perfect property to suit their needs.
This strategy enables our clients to have access to new offshore capital coming into the market, which based on recent results, are ahead of local buyers. Our team's specialized approach and relationships with key players in the international market allows us to identify properties that match the needs and preferences of our clients, resulting in the best possible outcome for them.
Meet Mandy Zhu
Meet Helena Chow
Offshore Interest in Victorian Properties Reaches Record Highs: Realestate.com.au Report
It should also be noted that the increased interest in Victorian properties from international buyers is not limited to the Stonnington area, but is a trend that is being seen across the state. The article from realestate.com.au notes that Melbourne is the most in-demand city in Australia for searches from India, the United Kingdom, China, and Singapore. This trend is likely being driven by a combination of factors, including the housing affordability crisis in Melbourne, the return of international workers and students to the city, and the high rents in Melbourne and regional Victoria due to materials and trade shortages.
Maximizing Premium Prices in the Stonnington Real Estate Market: Contact RT Edgar for Strategic Expertise
If you're interested in learning more about our strategic approach for our clients to achieving premium prices for properties in Stonnington, please don't hesitate to contact Mandy Zhu and Helena Chow directly. Mandy can be reached at 0411 893 168 or mzhu@rtedgar.com.au and Helena can be reached at 0407 226 828 and hchow@rtedgar.com.au. We look forward to hearing from you and helping you achieve your real estate goals in Stonnington. With our team's expertise in the international buyer market and access to new offshore capital, we are well-equipped to assist you in finding the perfect property to suit your needs.
