Discounts to lure Chinese buyers to Melbourne
One Melbourne property developer is offering a generous 25-year rental guarantee in a bid to lure Chinese buyers back to the market.
It was offered to clients of China's biggest online real estate agency, Fang.com, The Australian Financial Review has reported.
Also read: Why is Aussie property so appealing to Chinese investors?
Other developers like Volaire apartments, at 9 Dryburgh Street, West Melbourne, have discounted prices.
The discounts in Volaire are via cash rebates equivalent to around 7 per cent of the apartment's value.