IMM Group represented 8 large Australian real estate and their projects located in or next to central business district to Vietnamese investors.
IMM Group: On March 16, 2019, the Trade Fair of American Real Estate in Ho Chi Minh city attracted more than 1,500 registration applications. This represented the huge demand of Vietnamese investors for international real estate and enabled them to secure their properties and long-term plans for their families. On April 20, IMM Group will introduce eight large Australian real estate companies together with the projects of or directly connected to the central business district (CBD). Special offers will be available up to VND 400 million for each Vietnamese investor. This signals an increase in international real estate investment by Vietnamese people in 2019.
Mr. Nguyen Xuan Sinh (John), director of business development at IMM Group – a company with 14 years of experience in international investment – identifies that Australian real estate companies are turning more attention to the Vietnamese market for two reasons: right now is a really strategic time for Vietnamese investors to step into the Australian market, and the amount of Vietnamese investment, immigration, and study abroad in Australia has soared 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 45th anniversary of Vietnam-Australia diplomatic relations.
At this time, the value of the Australian dollar has bottomed out at approximately VND 16,500 /AUD, the lowest rate in the last two years. Therefore, it is a good time to purchase Australian properties with less cost. More remarkably, regional financial specialists, especially UBS Bank in Singapore, anticipated that AUD will increase by 12 percent in 2019. In addition, the Australian government always applies intervention policies to maintain the exchange rate of USD 0.75 /AUD (currently USD 0.69 /AUD), aiming to ensure trade balance and economic stability. When comparing the exchange rate now to that in the future, it is certain that investors’ profits could increase. Besides, investors concluded that the Australian real estate market is now in an adjustment period. This is a strategic period for purchasing homes to gain more benefits later when home prices are projected to increase again at the end of 2019.
Given the interests 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 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 in the top five countries whose students study in Australia. In real estate, the number of Australian property buyers from Vietnam ranks the fourth in the world and is predicted to rise 11 percent 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.
The most highlighted event to mention is the joint venture between Shokai Group and Develotek Group in the Granville Place project in Sydney. Shokai is a multinational real estate group listed on the Shanghai Stock Exchange whose current assets total up to AUD 20 billion with more than 22 million square meters of property management. Develotek Group is also developing AUD 1 billion worth of Australian real estate projects, where they own AUD 400 million worth of the Granville Place project. Granville Place is considered a potential project for investors who are aiming for big and long-term profits because it is advantageously located in the center of Western Sydney in the Greater Parramatta CBD of New South Wales, to which the government has planned to shift 40,000 jobs to decrease pressure on Sydney’s center.
With strong investment from Dubai and the Malaysian government, Piety THP wants to introduce to Vietnamese investors a fully integrated resort-style apartment adjacent to Sydney Olympic Park. In Sydney, Stable Group is offering to sell the smartest apartment in Australia, which is completed and ready to welcome its new owners.
Vinpac Group brings along a unique opportunity for foreign investors who desire to purchase a city home right in the center of Melbourne. ICD Property also offers an Aspire apartment located in the last licensed skyscraper of Melbourne. Pellicano is providing a New Deshon apartment which is located next to the largest stadium of Brisbane and is part of the South City Square complex.
The view of 3,600 square-meter high domestic park on the 4th 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 – a 14 year experienced company specialized in foreign consulting. IMM Group’s special offers include purchasing homes with equally exclusive prices, being consulted and completing all sales procedures in Vietnam, and ensuring rental interest rates right after receiving a home. The total value of the offers from IMM Group for each investor will be up to 400 million VND. This is a great effort of IMM Group to help Vietnamese investors access the Australian market, providing secured and full-package investment benefits for their family.