ONE in three Aussies are retiring with two homes in their portfolio, prompting experts to argue for a national pension scheme that looked at those with property and those without.
MAY 10, 20185:23PM
One in three Aussies are retiring with two properties in their wealth portfolio.Source:Supplied
ONE in three Aussies are retiring with two homes in their portfolio, prompting experts to argue for a national pension scheme that looked at those with property and those without.
Latest research released today by the Australian Housing and Urban Research Institute (AHURI) found real estate was playing a greater role in the retirement plans of retirees with more older Australians now holding a second property.
“One quarter of households approaching retirement had a second property in 2002. This grew to 30 per cent in 2014,” it said.
Generic photo of a retired senior couple. Picture: iStock pension / pensioner / superannuationSource:Supplied
Investment properties and holiday homes were now the third largest component of retirees’ wealth, the report said — up from being the fifth most valuable asset in 2002 — behind equity in the family home and superannuation.
“The report proposes that the Age Pension could be structured over time in a way that makes it more tenure neutral, by adjusting the respective thresholds for individuals or households that do and do not own property.”
It said there were “sound grounds for making significant changes to the treatment of housing in the tax and transfer system” but warned it was unlikely to get widespread support for some of the fundamental changes necessary such as removal of the exemption of housing from the assets means test.
“Rather, reform will need to be incremental, recognising the relative value that home ownership confers and the relative light taxation of it over the life-cycle.”
Report co-author Associate Professor Stephen Whelan from the University of Sydney said in a statement that“retirement income policy and the place of housing in that framework is complex”.
‘It is critical that changes to retirement incomes policy provide sufficient time and guidance for individuals to make appropriate decisions in the life-cycle context.”
‘The guiding principles of tax reform are that it develops a tax system that is fair, promotes efficiency and does not impose high administrative costs on those it taxes. Moreover, in terms of the tax and transfer system, any changes must be sustainable.”
Originally published as A third of Aussies retiring with two homes
Denpasar, May 05 2018
According to PT. Bali Affordable Lifestyles International. (PT. B.A.L.I.) who have managed award winning PT. Bali Luxury Villas for the past 13 years, an ever increasing numbers of Baby Boomers are retiring in Bali each year.
According to PT. Bali Affordable Lifestyles International. (PT. B.A.L.I.) who have managed award winning PT. Bali Luxury Villas for the past 13 years, an ever increasing numbers of Baby Boomers are retiring in Bali each year.
Fact is that 25% of the world’s population, born between 1946 and 1964 labelled as the baby boom generation are now retiring.
A large portion of those boomers are currently living near Bali will want to retire here adding a whole new demand for Bali real estate for the next five to ten years.
PT. B.A.L.I. reveals that of the 55 Luxury villas that they manage less than 5% were occupied by Baby Boomers 13 years ago. Now over 25% are full-time retirees.
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| www.baliluxuryvillasales.com |
P.T. B.A.L.I.’s research department has recently concluded that in the coming years Asian and Australian baby boomers, within a few hours flight from Bali will choose Bali as their retirement location.
For example, in Australia it is estimated that 25% of its 25 million population are baby boomers.
That means there are going to be 6,250,000 boomers seeking less-expensive, more comfortable retirement locations soon.
According to a recent poll "50 % of Australians are now buying outside of Australia". Bali will certainly be on their short list.
"50 % of Australians buying outside Australia"
Add another estimated 1% of the 1,250,000 New Zealand Baby Boomers and Bali may have a huge increase in real estate demand from these two counties alone.
If Bali only receives 1%, of those Boomers that is 6,250 Australian and 1,250 New Zealand baby boomers seeking to buy or lease a Bali home for the next five to twenty years.
Add to that new demands from the 1 % of boomers from Japan, China, Korea, Taiwan, Singapore and Jakarta who want to retire in Bali that is another 7.5 Million buyers.
You don't have a P.H.D. in Economics to conclude that these new demands on Bali's limited real estate supply will drive demand and prices through the roof the next five to ten years.
The reasons for Australian’s retiring in Bali are numerous. As one long time Australian resident of PT Bali Luxury Villas in Sanur stated, “it just doesn’t get any better than Bali”. The cost of living that is estimated to be over 60 % less than Australia is one of the biggest draws
Here are the main reasons Baby Boomers are retiring in Bali.
- According to research competed this month by PT. B.A.L.I., Overall Bali is 62% less expensive for baby boomers to live than in Sydney or Auckland.
- Home prices are 60% to 70% less to rent, lease or purchase.
- Transportation is also 60% to 70% less.
- Proximity to Australia, 6 ½ hrs. to Sydney, 2 ½ hrs. to Perth or Darwin.
- Bali’s crime rate Index is 30 versus Sydney at 38, or 21 % less.
- Great year-round Average temperature of 30°C.
- Balinese are some of the friendliest and most honest people in the world.
- Large 2-bedroom, 2-Bath Luxury Villas with private pool starting as low as $200,000.
Discover how you can retire in Bali and live in luxury with private maids for a fraction of what it cost in the west.
Attendance is free and thoroughly educational from a 21-year expert on Bali real estate.
Free Seminar Schedule:
1. Bali: Thursday - May. 24th. 6:30 PM - 7:45 PM. Emerald Villas, Sanur, SIGN UP HERE
2. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE
3. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE
Seating is very limited.
Avoid disappointment sign up now or obtain more information.
Email: seminarsptbali@gmail.com or
Tel: Office: 62-361- 284069
For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177
At these seminars you will learn about:
At these seminars you will learn about:
-The Past, Present and Future of Bali and Indonesian real estate.
-Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years.
-How to avoid legal problems and make sure a property is safe.
-How to avoid complicated real estate laws affecting Indonesians married to foreigners.
-Why this is the second-best time to buy this century.
-Where are the best locations to retire buy for maximum profits?
-What type of properties will offer the best retirement benefits and investment potential of *10% to 20 % per year?
-Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site designed after the largest most successful real estate site in America with high tech search features.
-An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount.
-Low cost properties with Luxury Villas starting as low as U.S. $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool.
-Ridiculously low-priced ocean view building lots starting as low as U.S. $25,000 for 500 m².
-Ocean front property in first class complex at 50 % off 2014 prices. Brand new retirement villas starting at U.S. $195,000.
- Brand New First time offered two bedroom, two bath 200 m2 private Bali Luxury Retirement Villas stating at $198,000.
Free Seminar Schedule:
1. Bali: Thursday - May. 24th. 6:30 PM - 7:45 PM. Emerald Villas, Sanur, SIGN UP HERE
2. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE
3. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE
2. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE
3. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE
*Important Notice. Seminars are informational seminars only. No sales or orders will be taken at the seminars. The location of the Sydney and Auckland seminars will be announced after we determine the size of audience the week before the seminars.
About PT. B.A.L.I.
Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.). does business as Best Asia Real Estate and Manages PT. Bali Luxury Villas
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Partner, Notaris Azizah , Owner, President Lawrence
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It is owned by a Canadian 21 year resident of Bali who is a Developer, Realtor, and Hotel General Manager.
His partner and spouse is a fully licensed Indonesian Notaris with a master’s degree in Indonesian Law specializing in real estate, corporate and Marital documentation.
Their 135 professional staff provide a one stop professional, efficient location for Buying, Selling, Leasing and Renting Asian Real Estate.
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135 Staff Strong Award Winning PT. B.A.L.I.
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They manage Best Asia Real Estate, PT. Bali Luxury Villas with rentals starting at $99 ++ per room per night & Bali Luxury Villa Sales Starting at $158,000, plus Bali Paradise Beach Estates rentals starting at $128.00 ++ per night and Estate sales starting at $350,000. plus Emerald Restaurant.
They are a Seven-time Consecutive Certificate of Excellence recipient on the Worlds Largest Travel Site. This places them among the top 10 % of hotels and villas listed by Tripadvisor worldwide.
"Recipients Hall of Fame Award, awarded to only 2 % of the Hotels listed on TripAdvisor World Wide"
They are also one of Asia’s best-known travel and real estate investment experts.
They publish the daily Bali & World News & Views Blog which combined with Bali News and Views Blog has had almost 1,500,000 pageviews. They also publish the Best Asia Real Estate Blog, Facebook and Twitter posts. They offer free real estate seminars throughout Asia every quarter.
Head Office: Jl. Karangsari # 5, Sanur, Bali, Indonesia 80228
Tel. Office: 62-361-284069 Fax: 62-361-270143
Branch Office: Bali Paradise Beach Estates, Pantai Purnama
Mobile: or WhatsApp: English: 62-8123814014 Bahasa Indonesia: 62-8113864993 Email: lawrenceptbali@gmail.com Skype: baliagents
Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was published. Information and prices may change without notice. The owners of PT. BALI AFFORDABLE LIFESTYLES INTERNATIONAL doing business as BEST ASIA REAL ESTATE and PT. BALI LUXURY VILLAS accept no responsibility for incorrect information listed herein. All recommendations may lose value in the future.
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