Demand from China to stay strong: Aussie realty

[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.