8 leading Australian real estate companies landed into the Vietnamese market

On March 16^th, the Trade Fair of American Real Estate in Ho Chi Minh city attracting more than 1,500 registration applications. This represented the huge demand of Vietnamese investors for international real estate, allowing Vietnamese investors to obtain foreign property and establish some long-term plans for their family. On April 20^th, IMM Group will introduce 8 large Australian real estate companies together with the projects, located in or directly connected to CBD (central business district). Special offers will be available up to 400 million VND for each Vietnamese investor. This is a good signal anticipating the increase in international real estate investment of Vietnamese people in 2019.

Mr. Nguyen Xuan Sinh (John) – Director of Business Development of IMM Group, having 14 years of experience in international investment, identifies that Australian real estate companies are turning more attention to the Vietnamese market for two main reasons: right now is a really strategic time for Vietnamese investors to step into the Australian market. As well, based on soaring statistics of the amount of Vietnamese investment, immigration and study abroad in Australia in recent years.

Mr. Nguyen Xuan Sinh (John), Director of Business Development of IMM Group, met Australian Governor Peter Cosgrove on the occasion of the 45^th anniversary of Vietnam-Australia diplomatic relations.

Right now is considered a good time to purchase Australian properties. The value of the Australian dollar is bottomed at, approximately 16,500 VND/AUD, the lowest rate in the last 2 years. Investors could be able to pay less when purchasing an Australian home. More remarkably, regional financial specialists, especially UBS Bank in Singapore, anticipated that AUD will increase by 12% in 2019. In addition, The Australian government always applies intervention policies to maintain the rate 0,75 USD/AUD (0,69 USD/AUD, at the present), aiming to ensure the balance of trade balance and economic stability. When comparing the exchange rate now to that in the future, it is certain that investors could gain more profits. Investors concluded that the Australian real estate market is now in the adjustment period. This is the strategic period for purchasing homes in order to gain more benefits later when home prices are projected to increase again at the end of 2019.

Given the concern of Vietnamese people in Australia, Vietnam ranks second in the number of applications for Business Innovation and Investment visa subclass 188 to live and work in Australia, according to the information from the Australian Department of Home Affairs. In 2012, there were only 61 visa applications from Vietnam, but the figure increased to 716 applications in 2017 which is 12 times higher than in 2012. In terms of education, according to the Australian Department of Education and Training, from 2015 to 2018, maintaining the annual figure of nearly 30,000 applications for admission to Australian programs, Vietnam has ranked the top 5 countries which have the highest number of students who study in Australia. In real estate, the number of Australian property buyers from Vietnam ranks top 4^th in the world and is anticipated to rise 11% in 2019. Realizing that promising potential, large Australian real estate companies decided to further promote the Vietnamese market by providing the best projects together with many special offers for investors.

Specialists concluded that now is strategic to purchase homes in order to gain more benefits later when home prices increase again in 2019.  

Most importantly to mention is the joint venture between Shokai Group and Develotek Group in Granville Place project. Shokai is a multinational real estate group which was listed on the Shanghai Stock Exchange, owning current total assets up to 20 billion AUD and managing more than 22 million square meters of property. Develotek Group is also developing 1 billion AUD worth of Australian real estate projects, where they own 400 million AUD worth of Granville Place project. Granville Place is considered a potential project for investors who are aiming for big and long-term profits, because it is beneficially located in the center of Western Sydney, belonged to Greater Parramatta CBD of New South Wales to which government planned to move 40,000 jobs to decrease pressure on Sydney’s center.

With strong investment from Dubai and Malaysia government, Piety THP wants to introduce to Vietnamese investors a fully integrated resort-style apartment adjacent to Sydney Olympic Park. In Sydney, Stable Group offers to sell the smartest apartment in Australia which is completed and ready to welcome new owners.

Vinpac Group brings along a unique opportunity for foreign investors who desire to purchase city home right in the center of Melbourne. ICD Property also offers Aspire apartment located in the last licensed skyscraper of Melbourne. Pellicano provides New Deshon apartment located next to the largest stadium of Brisbane, which is belonged to South City Square complex. 

The view of 3,600 square-meter high domestic park on the 4^th floor, belonged to Granville Place project in Sydney (Australia) of Shokai Group and Develotek Group. Specialists anticipated this large project together with many special offers will be the focus point of Vietnamese buyers in April.

All projects will be introduced to investors with special prices and exclusive benefits from IMM Group. Special offers of IMM Group include purchasing homes with exclusive equal prices, being consulted and completing all sales procedure in Vietnam, ensuring rental interest rates right after receiving a home. The total of the offers from IMM Group for each investor will be up to 400 million VND. This is a great effort of IMM Group in helping Vietnamese investors access the Australian market, providing security, full-package investment, benefits for their family.

IMM Group