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Investment coffers ease onshore purchasing

By Staff Reporter
30 October 2014 | 1 minute read
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An enterprising Australian property, immigration and financial services company is looking to set up a $150 million Real Estate Fund directed towards Significant Investment Visa holders to capitalise on onshore property investment.

The fund was developed to take advantage of the federal government’s Premium Investor Visa class, which requires $15 million to be invested with no residency requirement with a fast-track 12-month residency plan.

Director of Ausin Group’s wealth management division Mark Morcos said the fund expects to raise $150 million by June 2015, adding these monies will be used to meet SIV requirements since Ausin’s client base compromises thousands of investors who are predominantly Chinese based.

“Chinese investors view the Australian property market as a safe haven for investing, and launching the Real Estate Fund was a natural progression for Ausin to capitalise on this opportunity,” Mr Morcos said.  

“Foreign investment in Australian property has brought significant benefits to the property sector, including creating jobs, increasing housing supply and generating revenue from stamp duty. We are partnering with property developers for the SIV Fund to help continue to deliver these benefits to the country.

“Over time this investment will have a positive impact in stabilising the prices of completed homes and apartments. The residential property development market has historically provided sound returns to investors, and our client base understands this sector.”

Investment coffers ease onshore purchasing
Burning up coins 246x164 230x215
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.