A well-established property portal that connects overseas buyers with Australian properties, GiFang, has partnered with an ambitious national network in a strategic partnership that will streamline the offshore buying process for foreign buyers.
First National Real Estate has partnered with GiFang Group, the largest real estate portal in Australia for Chinese buyers.
First National’s national commercial manager, Jonathan Walls, said that the partnership is an important step forward for the group.
“We are excited to partner with GiFang so our members can offer a streamlined customer experience for Chinese buyers,” he said.
“We believe this will lead new transactions and better outcomes for First National’s clients across the country.”
GiFang CEO Michael Yang said that the numbers add up.
“Chinese buyers spent more than $170 billion USD purchasing real estate outside China in 2018, and we expect this volume will exceed $200 billion by 2020.
“We are in a huge marketplace with multiple hurdles. Not only do we bring a massive investor audience to the Australian real estate market, but we have an in-depth involvement in the property transaction to ensure a seamless, smooth experience for all parties in the transaction.”
Mr Yang said that GiFang is keen to explore this opportunity with the First National offices and their vendors.
He said that the two companies will leverage each other’s expertise and resources to bring real benefits to vendors and buyers, to activate the market in 2019.
Mr Yang said that GiFang was established in 2010, and is been striving to provide the “most transparent, complete and timely” real estate information and transaction service to Chinese buyers worldwide.
He said that GiFang has created a community of Chinese real estate investors.
“By working with the top 10 Chinese real estate networks, the top 10 Chinese migration agencies and reputable Australian law firms, GiFang presents Australian property information to more than 10 million potential investors.”
Mr Yang said that GiFang has facilitated over $2.8 billion AUD in transactions to date.
First National Real Estate has 300 offices across Australia, New Zealand and Vanuatu.
The network’s listings are live on gifang.com from 14 January 2019.