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?
Many people don't even want to move to Perth which is a developed city with affordable low density housing and no visa or language barriers. If people want to move to a less developed place in Japan just because housing cheaper (marginally after considering further costs) they are going to have a bad time.
If you're looking for an investment I have this big red bridge in San Fransisco. I just need some capital to get the permits through for the toll gates. I can forward you my bitcoin account details. We will be raking it in in no time.
(Offer not real. Posted for humorous purposes.)
haha, i was more thinking of holiday home thing. Have some clients that have done the same thing in Japan and they frequently go there in ski season.
How frequently? And exactly how often do you think you'll be able to use this, and is it going to be cheaper than simply renting an AirBnB, where you don't have to jump through countless hoops? It's an asset that you let rot 10 months of the year, do you think it'll actually appreciate in value by the time it comes to sell?
South Africa is also cheap, apart from the collapsing economy, frequent power cuts, rampant corruption , "positive" racial imbalance in their labour laws and desire for any one with money to get a foreign passport and get out…..hence the low prices
Cheaper in certain part of the Middle East atm.
Lol, is this the very thing many are critical of when it happens in Australia and drives up housing prices?
No, the problem in Australia is caused by immigrants. OP is going to be an expat.
That would be dope. I'd totally go spend months at a time in my 20k Japan pad. Bah who am I kidding, I"m too old to learn Japanese now.
Japanese is actually one of the easier Asian languages, you can go from nothing to reasonable conversational in a few months.
Writing and reading will take the rest of your natural life and then some!
The Japanese have an alphabet equivalent for starters; it would be just a bit harder than learning Cyrillic or Futhark runes or Greek or Enochian (an occult alphabet). But it is an alien language for people whose native tongue is a Romance or Germanic language; no easies like dokumentation, aktion, musique, buch, haus, fleur (flower)…
The problem will always be a language barrier, visa, and job opportunities.
It's more expensive because there is no OzBargain in Japan
But plenty of stores selling cheap Nintendos.
Go to Malta, Albania, Turkey etc. with extra benefits. E.g buy a US$400k property in Turkey you get citizenship and medicare. Plus you never need vpn for cheap netflix!
I wouldn't say 400K is cheap for a property. Cheap compared to large cities in Australia, but that's still a lot of coin.
recently met up with an old friend now living in South Western France - not far from the border with Spain. Don't know what they paid but assume a small fraction of Australian price.
The warnings were the slowness and problems with the local French language bureaucracy - who don't use the internet - they said it was just like living in the 1970s - friendly neighbours and fresh local produce - but they planned to move elsewhere in the foreseeable and were going to check out Greece.
Long term residence in a non-native country typically involves visa problems and cultural/language learnings.
Another old friend bought an old chateau in France with idea of fixing up - I think about 3 years later they walked away, having burned their sunk cost - dealing with local bureaucracy, building requirements and tradesmen just became too difficult.
And the cheap abandoned houses in Japan are often in rural mountain villages typically half an hour's drive from the closest shop - of any kind - e.g. for buying milk, bread, food, staples - so that can kinda get old fairly quick.
This woman nearer Osaka sounds like a better idea - stay closer to urbanity for the lifestyle and services you want - like emergency medical services - morbidity being strongly associated with being more than 45 minutes from an emergency hospital.
Geez, if they think the Bureaucracy and language difficulty is bad in France, don't know why they are now considering Greece…
Was going to say the same thing. Greece is an amazing place to visit but their economy/government etc is pretty bloody broken. If you're set on living in Greece I reckon the play is to go for one of the not-extremely-touristy islands and be happy mostly living on under your own steam. If you have a simple life planned that doesn't rely on actual infrastructure, this is probably a winner.
they said it was just like living in the 1970s
I'm sure that would appeal to more than a few people here…
People leave the UK and other first world nations still for a better life. We are starting to see Australians do the same.
Better may be affordable housing for some. For others better job opportunities. Perhaps even moving to find love.
At what point will Australia become unaffordable for lower income earning professions?
Parts of it already are, especially Sydney. A choice between staying and being a wage slave or doing something more enjoyable with your life. Getting to the point where you need a household income of $250k just to have a pretty average life and home.
At what point will Australia become unaffordable for lower income earning professions?
This seems to imply it hasn't already?
I haven’t heard of anyone leaving to make a new start in a cheaper country like Turkey. But if you do ask them for their Netflix details.
Most people who complain aren't affected enough to move overseas, and especially not to countries like Turkey.
but few Australians do, for two reasons,
We're lazy,
We realise the pro's dont match up with the costs
The people who I've know who done the move, are similar to people who move to Queensland… they went with Sydney money, and in some cases are still on Sydney
income
ie Thailand, English teacher to the wealthy, how long that last is questionable, but the thing is she's built wealth that she can come back to Sydney and live a standard life if she has to, just not a life of luxury
It's immoral to invest in property IMHO
No you are just poor
Thanks for your usual high standard of intellectual reply.
Better than your ridiculous opinion.
Immoral? Why?
Taking a basic human right and turning in into an investment category.
From a legal sense, is free housing a basic human right?
There are many people worldwide who don't have a house to live in.
@congo: Hence, immoral. Of course it's not illegal. Neither is investing in companies that club baby seals.
@foursaken: Politician don't have the highest morals unfortunately .. :-)
But we vote and choose our politicians.
Check the YouTube channel Shu Matsuo Post.
He can even help buy properties without you physically being there to view them etc.
Buying a nice house in Japan is part of my retirement plan. My wife is from there so we visit every year. I could quite easily spend a few months a year chilling there. I'd have to buy further east, within an hour of an international airport and a major city. I couldn't live in the weatern region as the air quality is really bad from the polution blowing in from China. Typically the further east you go, the better it gets.
why would you buy when you can rent long term? less headaches, less capital tied up, more flexibility to move around and less risk of losing money
Typically the further east you go, the better it gets.
the further east you go the closer you get to Fukushima
great plan!
Aussies complaining about foreign investors buying up our land, only to champion an Aussie who goes and buys land in another country.
Overseas mean Tasmania. Chill.
Officially I think that would be over-straight.
No need to move overseas, plenty of cheap houses here, if you are not working:
https://www.domain.com.au/sale/far-north-queensland-greater-…
Yeah great idea. Who wants 1 hectare in russia, Siberia?
-55 in winter. Let me know. I can apply only for you through gosuslugi. 1 aud for that land. No services connected either. hahaha you are most welcome
Get back to work knocking the square pegs into the round holes
You guys are getting ripped off, only 1 euro in Sicily:
https://www.abc.net.au/news/2024-03-28/one-euro-homes-italy-…
Needs a bit of paint and tiles, will look very nice.
How about New Zealand? Are property prices any better?
So, how much is the average home in a sietch?
Note: Must have a pool.