The Real Deal Miami

Miami Realtors strikes up partnership with Australian organization

March 06, 2014 05:15PM

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Miami Association of Realtors chairman Liza Mendez and Real Estate Institute of New South Wales president Malcolm Gunning

Miami Association of Realtors chairman Liza Mendez and Real Estate Institute of New South Wales president Malcolm Gunning

The Miami Association of Realtors is forming a new partnership with the Real Estate Institute of New South Wales, Australia’s largest professional real estate organization.

The partnership is aimed at promoting cross-border real-estate transactions and is the Miami organization’s 119th  international alliance, according to the Miami Herald.

“The idea is to promote Miami as a destination and market and to connect our members to Australia and vice versa,’’ said Lynda Fernandez, a spokesperson for the Miami Association of Realtors.

As of last year, Australians accounted for a mere 2 percent of foreign purchases of U.S. property, according to the National Association of Realtors. But with international buyers playing such a pivotal role in the South Florida economy, the association is hoping that Australia’s interest in the region will grow. [Miami Herald] Christopher Cameron

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