Demand from China to stay strong: Aussie realty
It expects new home sales to hit A$1.5b from A$900m
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[SYDNEY] Ausin Group (Finance) Pty, which offers property and mortgage broking in Australia to Chinese buyers, expects to sell two-thirds more homes and to double the amount of loans it arranges as demand from the mainland surges.
The company forecasts A$1.5 billion (S$1.7 billion) in sales of new residential properties in the year ending June 30, compared with A$900 million over the previous 12 months, managing director Joseph Zaja said on Tuesday.
The value of mortgages the company arranges through Australian banks is expected to climb to A$500 million in the 2015 calendar year, he said.
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