Friday, 18 May 2018

Australia's pensioners retiring overseas because they can't afford Australia By freelance correspondent Eden Gillespie

Editor's comments: As I have predicting heavily for the last 12 months one of the biggest demands for Bali real estate in the near future will be from retirees, especially the baby boomers in close proximity to Bali including Australia.

There are an estimated 750,000,000 baby boomers within 6 1/2 hours from Bali.

They can sell their three-bedroom apartment for A 750,000 Dollars in Sydney, move to Bali own three 200 m2 private luxury villas for the same price .

 They could rent two villas for $4000-$5000 per month and they could live in the other like a King  with private maids, full time drivers, gardeners etc. for only $170.00 per mth.

This will be the focus of my series of seminars starting next week in Bali and the next 2 Months in Sydney and Auckland.

If you want to live like a king on minimum pension I'll show you how to do it .

As a year-old 21 year resident a Bali married to a Notaris I can help you with everything and provide you with all the information you need to make a prudent decision to retire full-time or part-time in Bali.

To attend my seminar describe after this following article simply sign up here.
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

Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM  SIGN UP HERE

Updated Wed at 8:40am
PHOTO: Norah swapped her penny-pinching retirement in Perth for a comfortable lifestyle in Andalucia. (Supplied: Chris Green)
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On a cobbled street in the south of Spain, Norah Ohrt lives like a typical Andalusian in a little white house with red flowers blooming from the windows.

It's a world away from what her life would be like if she was still living in Australia. The 71-year-old former gallery owner says that in Perth she'd be living in state housing, surviving "on the smell of an oily rag on the Australian pension".
PHOTO: Norah brought her two Abyssinian cats to Spain. (ABC News: Eden Gillespie)

With property prices and cost of living on the rise, the number of Australians retiring overseas has dramatically increased in the past 10 years, with swelling expat communities in Thailand, Spain and Cambodia.

In 2016, 11,660 Australians over 55 permanently relocated overseas, compared to just 7,910 in 2005, according to ABS data. The most popular retiree destinations for Australians include New Zealand, Italy, Greece and Spain.
'It wasn't that scary'

Five years ago, Norah shipped all her belongings and her two Abyssinian cats to Martos, a charming Spanish town. Of Martos' 24,000 residents, Norah is the only Australian listed on the council roll.

In Martos, Norah lives comfortably in a lofty three-bedroom, two-bathroom house with panoramic views of the old city.
PHOTO: Norah used her Australian superannuation to renovate her cheap Spanish home. (ABC News: Eden Gillespie)

PHOTO: Norah says she will "die in Spain" and is considering taking up Spanish citizenship. (Supplied)

Rows of olive trees are stacked on the horizon; Norah's home is just 20 minutes from Jaen, the source of 20 per cent of the world's olive oil, thanks to its 66 million olive trees.

"You can see the local millionaire olive oil baron having coffee with the man who empties the rubbish bins because they went to school together. The people here have no artifice. There's no snobbery. Everybody mixes, everybody blends in," Norah says.

With a three-course meal costing as little as $12, annual council rates 110 euro ($175) and water bills just 120 euros ($192), Norah can rely solely on her pension to pay her bills.

Norah renovated her $65,000 home in Martos using her superannuation and says many of her Australian friends have been tempted to do the same, with property in Spain available for as little as $20,700.

"If you're on an Australian pension and struggling, I would strongly suggest that you look to alternatives, particularly if you have a second language that you can use.

"The hardest part was coming into the unknown, but I've always been an adventurer, so it wasn't as scary as my friends thought it would be," Norah says.
How do you get the pension overseas?

Access to an Australian pension while living abroad is reliant on several factors including the length of time away, whether assets and income have changed and whether the pension is delivered through a social security agreement with another country.

Australia has 31 agreements with countries such as Spain, Japan and Italy that allow for more cohesive social security coverage, overcoming barriers to pension payment in areas such as citizenship. Depending on a pensioner's place of residence and how long they've lived in each country, they may also be eligible to receive a split pension from Australia and their host nation.

While settling down abroad might seem appealing, retirees should be wary of the requirements around accessing a pension.

In 2013 there was a massive overhaul for pensioners living overseas. If a pensioner decides to relocate to Australia after being abroad, travelling outside the country for as little as six weeks within two years of returning could result in payments being cut. For this reason, the Department of Human Services says pensioners must report their travel plans through Centrelink's online portal if they're planning to move overseas or travel abroad for more than six weeks.

"When looking at the aged pension it's always good advice to sit down with a financial planner before moving overseas permanently as everyone has different access rights and you may find yourself stranded," says Ryan Cullinan, an international financial adviser for Compare Return.
Health care abroad

Australians citizens living abroad for more than five years and permanent residents living overseas for more than 12 months forfeit the right to Medicare benefits. They are also exempt from paying the Medicare levy, according to the Department of Human Services.

With health procedures often cheaper abroad and popular retiree destinations such as Thailand seeing a spike in medical tourism, losing out on Medicare might not be a deal-breaker for some pensioners.

But in some countries, pensioners may rack up quite a debt before they are eligible to be covered under the public healthcare system. Smart Traveller advises pensioners to closely research and compare private health insurance policies, the public health care available and medical facilities before moving abroad:

"The Australian Government won't pay for your medical treatment overseas … expatriates without appropriate insurance are personally liable for covering any medical and associated costs they incur."
White sand, cheap living
PHOTO: Rob is able to support his family in Cambodia on his freelance writing wages. (Supplied)

Freelance writer Rob Schneider, 70, was drawn to Cambodia 11 years ago by its inexpensive lifestyle and white-sand beaches. He hasn't returned to Australia since.

After an unexpected divorce, Rob left his Avoca Beach home and began trawling through the Australian property market.

Of the two properties he says he could afford in NSW, one was infested with termites and the other was in a shady neighbourhood that Rob's real estate agent said to avoid or he'd "get robbed".

Rob visited Sihanoukville on a whim, hoping to challenge Lonely Planet's description of the Cambodian village as bleak and unexciting.

Soon after arriving, Rob found his new home in the tropics, later moving to Kampot with his new wife.

Instead of living on a "pittance" with the Australian pension, Rob decided he'd spend his retirement writing articles in Cambodia's beachside cafes.

"If I was in Australia I'd be living alone, I couldn't afford to do anything, even if I was still freelancing," he says.

"Here, I can afford to send two kids to school, feed six people and send money to my wife's mother."
Retiring sooner

For Alan and Ros Cuthbertson, retiring abroad has shaved 15 years off their expected retirement date.

The former IT manager and disability worker have joined a buzzing expat community in Thailand, with more than 73,000 expats from around the world applying for retirement visas in 2017.
PHOTO: Ros and Alan are avid travellers who spend half of each year house-sitting in Europe and Asia. (Supplied)

For the past three years, the Queenslander couple have enjoyed a tranquil lifestyle in Chiang Mai, surrounded by mountains and Buddhist temples.

"We didn't want to keep working until 65. Lots of family members are no longer with us and we might not get to that age. It just made us rethink everything," they say.

Alan and Ros now spend half the year away from Thailand, housesitting throughout Europe and Asia.

The pair have travelled to "41 countries and counting", documenting their trips on their website Frequent Traveller.

Alan and Ros are often shocked by Australian prices when they return to visit their family.

Despite the ease and affordability of Thai life, Alan and Ros say they will eventually return to their Bundaberg home, longing to set foot on our pristine Australian beaches again.

But Norah and Rob have no desire to return, keen to avoid the penny-pinching lifestyles they would have to practise as Australian pensioners.

While Norah misses being able to buy a decent-sized leg of lamb back home, she says she'll "die in Spain".

"When my five years are up for this residency period I may even take Spanish citizenship," Norah says.

"Peter Allan always said 'I still call Australia home', but I can't, I don't. Andalucía is my home now, Martos is my home."


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. 

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.
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.
  1. 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.
  2. Home prices are 60% to 70% less to rent, lease or purchase.
  3. Transportation is also 60% to 70% less. 
  4. Proximity to Australia, 6 ½ hrs. to Sydney, 2 ½ hrs. to Perth or Darwin.
  5. Bali’s crime rate Index is 30 versus Sydney at 38, or 21 % less.
  6. Great year-round Average temperature of 30°C.
  7. Balinese are some of the friendliest and most honest people in the world.
  8. Large 2-bedroom, 2-Bath Luxury Villas with private pool starting as low as $200,000.

    Free Educational Seminars: 
    Bali, Sydney, Auckland.

Discover how you c
an 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

Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM  SIGN UP HERE
Seating is very limited. 

Avoid disappointment sign up now or obtain more information.  
Email: or 
Tel: Office: 62-361- 284069 
For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

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

Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

Auckland: Saturday - July. 21st 2:00 PM - 3:45 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
Partner, Notaris Azizah , Owner, President Lawrence
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.

135 Staff Strong Award Winning PT. B.A.L.I.

           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 BlogFacebook 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: 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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