I was bored at work and found this article.
https://www.9news.com.au/national/brisbane-teacher-chani-was…
I acknowledge it is pretty much clickbait, but the thought I had was, if there was somewhere cheap would you want to buy a property overseas and if so where?
Yes, Tassie is nice, but getting expensive.
I googled Japan properties and a few nice looking ones that are more than affordable.. well less than 200k
Japan ones need massive renos normally - there houses are built ot only last 10-20 max.
So in general expect to drop another 100-200k on fixing it up.
Best to buy a newer one in which someone has died in. Some bargains to be had here if them haunting the place doesn't bother you like it does the Japanese.
also earthquakes
Japan also tends to really not like selling property to Gaijin, was murder to rent a property in Osaka as a pasty dood.
@dbmitch: This is not true. They will hapily sell to a foreigner. Renting is different, there is a history of foreigners leaving the country and leaving their unwanted belongings in the rental for the owner to deal with. That's the main reason some owners arn't willing to rent to foreigners.
you can find them really cheap in Hiroshima and Nagasaki
@Hugh G Rection: Been to both cities, the latter supposed to have 10x the blast but locals talk about 2 fleet of Chinese earlier in time who were causing far more fear.
The firebombing of Tokyo caused more deaths than the 2 Oppenheimer poppers.
@payless69: Curtis LeMay, the officer in charge of the USAAF bombing of Japan said that it was lucky that America had won the war or he would have been tried as a war criminal because of that raid.
Agreed, Japanese apartments are not investments. They are like cars that people need because they live in it. You don't buy one to make money lol!
don't forget the Annual 4% land and building tax on top of that and Japanese properties tend to depreciate over time unlike Australian market.
there houses are built ot only last 10-20 max
As opposed to new houses here which are built to last… less?
@smartazz104: Decent new build will last longer than 20 years - have owned and lived in houses here from 50's through to 2022 - they will last just fine. Last new build we had was the 22 - and it was medium+ spec - it will last and had the best thermals from any house we have ever had.
You can buy houses in Japan for very cheap. My wife and I sold an old unused family home for about $25k AUD. It pretty much needed a whole new inside and windows. You can get some bargains there, the more remote the cheaper it is. But would you really want to live in the middle of nowhere in Japan?
Compared to capital cities, yes, Tassie is cheap. However, like most places covid changed everything. You can buy houses on the mainland in cities that are the same size and you'll pay less than what houses are going for now in Tasmania. Plus, you'll have a lot more facilities than you do in Tas. Tassie used to be very good value but those days are long gone now. This coupled with generally lower wages and fewer opportunities than the mainland makes it pretty farked. It's no surprise Tasmania has returned to negative population growth again. Young people leaving is offsetting cashed up semi-retired or retired people moving from capital cities.
I think the short answer is, would you buy a property in a rural town in Australia? You can buy a house in Broken Hill for under $200k.
That many won't is because the drawbacks of living in rural Australia are well known. The 1euro houses in Italy and the peanuts cheap homes in Japan have similar drawbacks, just not as visible to us in another culture at a distance.
The difference between rural here and rural there just in terms of climate and scenery could come into play though… if you are at a point where you would like semi retirement and to spend your days in nature, surrounded by culture then it could be an easy sell.
if you're a first home buyer though looking to get on the property ladder then this is probably not a good move so your point stands there.
What if broken hill had a high speed train that does over 300kph?
The article says she is 40 mins from an international air port and 1 hour from a major city
If you click on the next article about a similar situation the guy also says most houses are classed as a deprecating asset as most want to live in a new house
Shinkansen is pretty expensive, $35 from Wakayama to Osaka in just under an hour. Regular train tickets are about half the price and take ~90 mins.
What if broken hill had a high speed train that does over 300kph?
Weekly reports of devilment from cattle :P.
Lead residue?
I have some upsetting news about the industrial pollution in Italy and Japan for you.
Not as bad as all the pesticides still allowed in Australia but long banned overseas
https://www.crikey.com.au/2022/09/27/australian-food-pestici…
The "1 EUR" houses that exist in Italy and Spain typically don't have utility connections, and are expensive to connect to things like the internet and water.
Life hack: wait until someone buys a house and connects those, then buy the house next door, hack into their wifi and just download the water.
And use the BBQ in the park - winning.
Broken Hill vs anywhere in Japan, I know which one I would pick, as long as its comes with Japanese PR lol
I think this is kind of my point. Broken Hill is a major centre in the middle of incredible landscape, with great cultural assets.
But it is very remote, tough weather, and a few uncertainties about the future.
A rural town in Japan? Different issues. Declining villages with no youth, great infrastructure, but how can you live there as it shrinks and there is just things closing?
I agree. Very easy to talk the talk on this one. In our post COVID wonderland plenty of people could move to regional areas to live and simply commit to a longer commute the couple of days they attend an office. Plenty have not though.
go to china, they are cheap for everything.
their house prices are collapsing at the moment.
key word - freefall, what a bargain
https://www.afr.com/world/asia/why-china-s-property-market-i…
Dun think foreigners can buy houses in China unless they intend to live there? Better policy than here imho.
You need the residency permit, which means you spent at least 1 year doing something there and you can only own it for you to live in.
So you don't actually have to live there per se, but you can't rent it out while you live somewhere that isn't a communist hellhole
True communism doesn't exist
Don't you actually "rent" the land/property from the government for 99 Years ?
It's still the ownership of China.
@Kangal: Yeah but no one has actually completed the lease to talk about it because the rule hasn't been 99 years yet and people generally have sold or transferred
99 doesn't apply to villages I believe or minority cultures
@Poor Ass: That's true, but China has a habit of making rules and breaking their own rules. All countries do it.
But the "better" nations are more fair, and have a stronger history/record. Such as Ireland, Scotland, Iceland, Norway, Sweden, Denmark, Finland, Estonia, Netherlands, Belgium, Liechtenstein, Luxembourg, Switzerland, France, Germany, Austria, New Zealand, and Australia.
@Kangal: I guess difference is all those white countries you mention you can hire lawyers and challenge but China you got no chance and they have the final say.
There are a lot of good things I have to say about China like tech, efficiency, transportation, food, farming etc but there's nothing anyone can do outside China when it comes to politics and policies
It might be a shithole but certainly isn't communist. The idea of a housing market crash should make that clear…
@smalltime0: That's the same as in Canberra.
Either way though if the government really wants it they can take your land regardless. So make little practical difference.
'go to china'
LOL … No thanks! Unless you fancy taking your chances in a country with a 'black box'-type legal system.
Lol at believing anything in the AFR
As a foreigner I would not want to live under a authoritarian dictatorship. The CCP is constantly pushing anti foreigner propaganda, even to school children. The police will be keeping tabs on you all the time.
I was in Malaysia few weeks ago, and was staying at a new apartment complex. Had multiple pools, basketball rings, gym, badminton court, and was only $380k for a 3 bedroom 2bath
Bodycorp was MYR400
I am looking at Malaysia too. Is that Bodycorp fee per year?
That was per quarter
What's the rental return on one of these condos?
Thailand, yeh boiss
Ladyboiss?
Hey…. if no body knows…. its okay
Bois with tois?
Chicks with Dicks
foreigners cannot own land in Thailand
Not entirely true. But it does involve a lot money either way and risk.
Doing this, you get to buy up to 1 rai of land, which is about an acre.
Easiest way is just buy a condominium.
Marry a local
That kills the "bargain/cheap" aspect of the investment.
Far too costly.
Too many horror stories of foreigners being rorted by locals after using them / their name to buy properties or businesses etc.
@lonewolf: Yep my father was one of them (though for him it was in Maylasia). He was a farmer and when he originally retired about 20 years ago he sold up and moved there and came to an arrangement with locals to buy property. He lost everything and had to come back and keep working, courts and police won't do a thing to help the foreigners that get rorted either.
@gromit: Yup that's what I heard from alot of people as well, courts and police only care about the locals plus if you get married at the end of the day the wife will still only do what her parents and family want. So if they say that they want your assets she will just leave you and take it all.
Marry a local girl/boy
.
Ladyboiss?
do they do "51 percent owners"? In Namibia they have similar rules, and so it's incredibly common for the foreigners to be a 49 percent owner, and someone else - sometimes the property developer be the "51 percent owner"
Only Thai citizens are allowed to own land in Thailand.
Yet with all of those cheap houses around the world, they all want to come to Australia where houses are super expensive.
Go figure…
Exactly. For all of Australia's issues and as much as the MSM might make you think otherwise, Australia is up there with the safest places to live. Our struggling health system is still way better than most other places, food quality and supply and (contrary to the news reports) very low rates of crime.
I've lived elsewhere but now with a family I wouldn't think of living somewhere else.
Yeah, so the government has thought to bring millions of new people in and make it much worse for all australians!
nooooo i love standards of living going backwards & full fee paying students for universities & big business suppressing wages & skyrocketing rents & property prices
Because governments of both persuasion are useless and only know how to grow GDP by mass imports of foreigners.
The public transport systems are struggling to keep up but politicians don't use them so they don't care.
The political system is broken.
@arcticmonkey: One of our biggest problems is a corrupt media. Both sides of politics, but especially Labor, fear them and every policy has to pander to them to avoid being ripped to shreds. Too often doing the right thing is ignored so this can be avoided.
@arcticmonkey: Because Australians of the Blue Red and Green persuasions are highly supportive of immigration and these make up 80-90% of voters.
If immigration was indeed unpopular, the Blue, Red and Green parties would have a lot fewer votes.
More isn't always better. More hypertension isn't better than less hypertension; more arthritis isn't better than less arthritis.
Stating that more people will fix everything that is wrong with Australia is simply snake oil policy. Nobody can ever explain to me in concrete terms how more people will improve my life. It's just, "Shut up, us politicians & bureaucrats are the experts, do and think whatever we tell you".
"Shut up, us politicians & bureaucrats are the experts, do and think whatever we tell you".
They are all "experts". We have especially seen it with the "safe and effective" mantra of the last few years.
Easy to be an expert when there is no liability and no consequences for their lies, corruption, mismanagement and ultimately huge damage done.
But they all sail in the sunset with their golden taxpayer funded fat pension for life without any worry for the damage, pain and suffering they leave behind.
Well, there were some politicians that were actually against all this immigration, but they were crucified in the ""media"", nobody voted for them and now here we are.
I guess it depends on where those cheap houses are. Japan appears to be the outlier? Cheap houses in a developer country. I'm not sure but I don't think waves of Japanese are migrating here like other countries.
Japanese are migrating here?
I thought Japan was a good place to live.
My point exactly.
Yeah and they want to start business here,I was in Indonesia and the owner was calling his waiter gay etc.I said to him you want to come over here, you'll find yourself in BIG TROUBLE talking like that to workers plus it's expensive.
They don't get it….
Gotta assume wealthy Japanese are not buying 20k houses. Or thinking of moving to Australia, generally.
Funnily enough, I follow Chani on her youtube channel, she's down to earth and provide a lot of details, she bares it all, and doesn't just show the positive sides of things like other "influencers". So it's great to see the news has noticed her.
Chani has stated her salary as an English teacher isn't very high, so she still needs to budget to live within her means. What job would you think you could do in Japan if you're not fluent in Japanese?
Other things you need to consider about the Japanese real estate market that isn't the same here.
Would you actually be willing to move to another country for a cheaper home? everything else thing else would be an uphill battle.
she bares it all,
Subscribed ✅
Knock knock
.
Japan has negative real estate pricing. Japan has negative population growth.
Australia has real estate prices growing at a high rate. Australia’s population growth is also high.
Could this tell us what the issue is?
If you build it they will come….
Should now be…
If they come you will need to build it.
There are approximately 300,000 births each year and approximately 150,000 deaths.
https://www.statista.com/statistics/607878/australia-number-…
https://www.statista.com/statistics/607954/australia-number-…
But that's just statistics.
@Cheapskate Paul: Oh wow, it seems I have been seriously led astray by an ill-informed researcher/academic talking on ABC radio recently. Thank you for correcting my above statement about deaths outstripping births, C-Paul. Further investigation reveals that what is dropping in Australia is fertility; with couples now having an average of less than 2 children (i.e., less than the number required to sustain a population, without relying on immigration).
Anyways, here's what the Australian Bureau of Statistics reports for 2022 (2023 numbers are evidently 'not in' yet):
'There were 190,939 registered deaths in 2022'
https://www.abs.gov.au/statistics/people/population/deaths-a…
'There were 300,684 registered births in 2022'
https://www.abs.gov.au/statistics/people/population/births-a…
Thank you again C-Paul for pointing out my error. I will be sure to 'fact check' more thoroughly in future, before I post. I will now try to delete my erroneous post above, to avoid misleading people.
Imagine a world where homes were just to live in without all this investing BS.
What a dream!
Where would people live that could not afford to buy still if there is no rentals ?
Yes and no the town i live in has no rentals available now. The local real estate agent lives next door 5 years ago there was no airbnbs in our small town now there are 8 he knows of.
That type of investing doesnt help renters and also pushs prices up along with all the other influences on price.
Most will be able to buy and so no need to rent. Most people i know dont want to rent but cant afford to buy. And i am sure we can have some apartment complexes etc for people wanting to rent . But the way it is now, its just crazy and basically people who already own a couple of properties find it much easier to just keep buying up more and more and each property bought as investment property is a home that could have been for someone else.
@lonewolf: Most will prb not be able to buy - espeasly of sharhousing - 3-4 in 1 hour and only 1 gets to buy it - where do the other 3 go ?
Likewise those on part time or casual min wage work ? no way they will be able to buy - where do they live ?
Where,when and who is going to build these ultra cheap apartment blocks ?
yep, millions living in the streets and parks as can't afford to buy and no one to rent from
Funny - don't remember seeing millions of people in Japan living in the parks/streets?
Without investors prices go down to a more sensible level.
Why do people need 10 houses? Just increases the inter-generational divide between rich and poor.
@dahax77: Japan has a shrinking population with more than 10% vacancy, expected to climb to 30%. Unless we stop immigration to head in Japans direction we desperately need more housing investment not less.
@dahax77: Prices will not go down - not when it costs so much to build or renovate nowadays - that can also be an anchor for existing prices as well.
We talking closer to $3k /m2 for OKish builds now - we are a country of wealth and high wages - prices will not go down.
Japan is the only place I know of where the price of a house actually goes down over time. Japanese sees homes as consumables, and houses reaches it's end of life after 50yrs, where you would demolish it to build a new house on the land. So the price of a house is like a sliding scale, and gets cheaper the older it becomes.
Japan doesn't really have a culture of continually renovating older houses to keep them looking amazing and functioning perfectly. So, it could be difficult or expensive to renovate an older house. This is especially the case with traditional houses, as there are few people who can maintain them in their traditional state, and it can be very expensive to employ them.
Another reason older houses are cheap is that they are not earthquake-proof. Houses built since the 1990s have technology built into them to withstand earthquakes. It's peace of mind and genuine safety that you have to consider, as well as resale value.
Also, Japan is pretty behind-the-times in terms of modern, attractive house designs. Even houses built in the 1990s and 2000s look really dated now.
Chani has stated her salary as an English teacher isn't very high, so she still needs to budget to live within her means. What job would you think you could do in Japan if you're not fluent in Japanese?
If you can't speak Japanese or you're not in some specialised, in-demand role that can be done in English, there is almost nothing that will enable you to maintain a work visa other than teaching. The other thing to think about is wages. Japan is a cheaper place to live than Australia, but wages are also much lower in general, especially if you're paid by the hour. I think there is a big demand for nursing, so if you're a nurse, you may be able to get a job there if you take a short course in Japanese before you start work (and probably ongoing study while working). Keep in mind, things are changing rapidly in Japan, so my knowledge could be out of date.
If it was cheap ? … Tasmania :).