If you have to ask the price you probably can’t afford one, but there is a small percentage of the more than one million Australians holidaying in Bali annually who end up investing in the island.
For a song — compared to Australian real estate prices — you can pick up a luxury beachfront Bali villa replete with swimming pools and cheap labour via a leasehold or a long-term rental contract. Think rock-star lifestyle with 24-hour butlers, chefs, chauffeurs and gardeners.
“If 10 people come through our door looking for property, four of them would be Australian,” says Bali-based agent Matthew Georgeson, director of Elite Havens/Knight Frank.
“You can buy very well,” Georgeson says.
About $1.5 million will buy a 400sq m-500sq m villa on about 1000sq m of land in Batubelig (next to trendy Seminyak) as well as on the fringes of other strategic areas, but under Indonesian law, foreigners cannot own property outright, instead they rent long term or buy in partnership with a local.
Former Sydneysider Milanie Simic, based near Canggu since December, says there are many pros and cons to living in Bali.
Among the pros are the cheap costs of some medical services as well as beauty and wellness treatments, staff and tradesmen.
“With establishing and running a business, the cost of manufacturing, materials and staff are much cheaper than in Australia. And the day-to-day stress levels are also predominantly low,” Simic says.
http://www.theaustralian.com.au/lif...i/news-story/220d8513fd9a9861f0a29498fad6d55c
For a song — compared to Australian real estate prices — you can pick up a luxury beachfront Bali villa replete with swimming pools and cheap labour via a leasehold or a long-term rental contract. Think rock-star lifestyle with 24-hour butlers, chefs, chauffeurs and gardeners.
“If 10 people come through our door looking for property, four of them would be Australian,” says Bali-based agent Matthew Georgeson, director of Elite Havens/Knight Frank.
“You can buy very well,” Georgeson says.
About $1.5 million will buy a 400sq m-500sq m villa on about 1000sq m of land in Batubelig (next to trendy Seminyak) as well as on the fringes of other strategic areas, but under Indonesian law, foreigners cannot own property outright, instead they rent long term or buy in partnership with a local.
Former Sydneysider Milanie Simic, based near Canggu since December, says there are many pros and cons to living in Bali.
Among the pros are the cheap costs of some medical services as well as beauty and wellness treatments, staff and tradesmen.
“With establishing and running a business, the cost of manufacturing, materials and staff are much cheaper than in Australia. And the day-to-day stress levels are also predominantly low,” Simic says.
http://www.theaustralian.com.au/lif...i/news-story/220d8513fd9a9861f0a29498fad6d55c