Posted date: June 18th 2014 . Author Gregory Preston .
The Significant Investor Visa (SIV) rolled out on the 24th of November 2012, and as a result Australia has seen an increase in high net worth individuals. Preston Rowe Paterson Sydney can assist Significant Investor Visa applicants from start to finish with direct or indirect investment properties; making the overall process quick, easy and enjoyable!
In April 2013, it was believed that NSW had already approved 102 new applicants for the SIV (as reported in The Daily Telegraph). From the onset, Asian investors were expected to reflect the largest group of investors, in particular Chinese Investors. The permanent residency subclass of the Significant Investor Visa is even 888, the number 8 being considered lucky within the Chinese culture.
Now, over 18 months down the track from when the visa was introduced, it is apparent that Chinese investors are greatly contributing to the current property boom in Australia. In a recent Credit Suisse report it emerged that close to a fifth of new properties in Sydney were sold to Chinese investors this year.
As mentioned above Preston Rowe Paterson can assist from start to finish with direct or indirect investment properties. We begin with acquisition advice to ensure the property complies with SIV program, secondly we assist with valuation advice to find the right property for the new visa holder, if the investment property is purchased directly we can manage the property via our property, asset & facilities management division; and finally, if the investor is looking to sell we will go above and beyond to get the best price possible.
We have over 25 years of knowledge and experience within investment real estate, varying from commercial to industrial, residential and retail properties. With a wide network of connections throughout the property industry; we are known as a reputable, professional, experienced firm that deals with projects in a timely and efficient manner.
If you are interested in discussing investment real estate further please contact Greg Preston for a confidential discussion on 0408 622 400.