Wednesday, 31 October 2018

The good the bad and the ugly of New Zealand real estate today.- Government to ban letting fees



Bali and World News and Views Editor's comments:

Editor Lawrence and family on North Island of New Zealand 2018

Unfortunately for New Zealanders my predictions of real estate prices hitting a bubble and then bursting are now coming true. 

The Good news is that New Zealand real estate prices have increased dramatically over the last decade. "House prices have soared in New Zealand in recent years, with average costs rising more than 60 per cent nationwide in the last decade and almost doubling in Auckland, the country’s largest city."

The bad news is that a lot of those increases were caused by foreign buyers, primarily from China. 

They were the same buyers that drove up Singapore, Melbourne, Sydney and Brisbane. 

In August New Zealand banned foreign buyers completely.

The problem is now New Zealand has one of the worst ratios of income to  home prices in the world.


It has now violated my major acid test of any real estate market in the world. 

If I cannot buy a three-bedroom home or apartment and earn positive cash flow the market is probably finished

The ugly is that now the government is preventing owners of real estate from raising rental rates at a time when rising inflation, fuel costs etc. are costing more for homeowners to operate a rentals.

The really ugly is that this is only going to get worse.


I hate to be the bearer of bad news. I love New Zealand and I love New Zealanders especially after spending three weeks there just a few months ago.

After visiting the North and South Islands while skiing and I also investigated real estate. 

I can tell you that unfortunately although it one of the most beautiful places in the world  for the next several years the real estate market is going to be  ugly.

Editor and family skiing at Whakapapa New Zealand 2018
Major New Zealand city real estate  prices in my opinion will start to drop exponentially and before it's all over it's going to be really ugly.

Lawrence and boys at South Island 2018

What Should You Do?

So if you own New Zealand real estate what should you do?

Well unless you want to see the value of your property drop 20% to 40% in the next 3 to 5 years you better sell at whatever you can get, right now.

Take that money and invest it in greener pastures such as Asia, specifically Bali, which has already had a downturn of 20% to 40% and is starting back up after the "first downturn in modern history".

Learn why a 22 year Canadian Bali resident and real estate veteran believes this is the second best time to buy Bali real estate this century.

Those that buy now will probably see 50 % to 100% growth in  the next 5 to 10 years.
"50 % to 100% growth in  the next 5 to 10 years".

Learn how foreigners can participate in this market and why it's 60% cheaper to live in Bali for retirees at a series of seminars coming up next week see in Bali. Details of seminars follow the article below.

______________________________________

NZ Government to ban letting fees

CREDIT: HENRY COOKE/
Housing Minister Phil Twyford announced a new bill to ban letting fees in March.

Tenants will no longer have to pay letting fees to agents and landlords, after Parliament voted to ban the practice.

Housing and Urban Development Minister Phil Twyford estimated the change could prevent the handover of up to $47 million in a payments he said were "unfair" and had "no economic rationale".

"This will make a real difference to struggling families. There are significant costs associated with moving to a new rental property, which many families are now forced to do every year.


ROSS GIBLIN/STUFF
Letting fees have been evicted from the landlord's entitlements, after Parliament voted to ban them.

"When moving into a new rental property, tenants can face up to four weeks' bond, two weeks' rent in advance – and one weeks' rent as a letting fee – in addition to moving costs," he said.

READ MORE:
* Manawatū/Whanganui house prices hit new highs, as sales listings plummet
* Renters 'like letting fees', property investor group says
* What do property managers do?

"Letting fees are unfair. They have no economic rationale and there is no relationship between the amount of the charge and cost of the services provided.

"Banning the charging of letting fees to tenants is a good first step in improving the life of renters, while we continue our broader review of the Residential Tenancies Act."

But while the law change will now come as no surprise to the industry, it's unlikely to be welcomed. The Real Estate Institute of New Zealand (REINZ) said in August, it would like to see tighter regulation in the market but had concerns about how the costs of letting fees would be covered if they were abolished.

"Letting fees covered property inspections, advertising, viewings, background checks on tenants, liaison with landlords and processing the tenancy agreement," Bindi Norwell, REINZ chief executive, said.

"So actually, they do quite a lot of work. So someone has got to pay for that."

National has maintained the argument that getting rid of letting fees would drive up rents.
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Learn about Latest Laws for Foreigners and How to Earn 10 % to 20 % Per Yr. Free Bali Real Estate Seminars

Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali next week.

At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.
Bali seminar attendees January 2018

Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of  Bali Real Estate.

Free Seminar Schedules:

 Location: Sanur, Bali, Emerald Villas, 




Dates & Times:
    1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM

2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Limited Seating & Free Parking: 

Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

    Seminar Topics:

    At these seminars you will learn about:

    • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
    • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
    • 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 buy for maximum profits? 
    • What type of properties will offer the best 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. 
    • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
    • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
    • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
    • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.

      Limited Seating & Free Parking: 

      Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation


      Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

      Friday, 26 October 2018

      Australian House prices ‘falling by $1000 a week’

      Best Asian Real Estate Editor's Comments:

      A little over a year ago I started predicting that Australian real estate prices were going to collapse in Sydney Melbourne and Brisbane.

      Everybody thought I was crazy and stupid.

      Now the Austrian press is confirming that the people who didn't listen to my advice are stupid.

      In the article below those that did not sell when real estate hit all-time highs in those markets made a big mistake and those that did not listen to my advice lost a lot of money.

      I learned a long time ago that if everyone thinks I am  right when I make a prediction I'm probably wrong.

      The opposite is true if people call me names and think I'm stupid I'm probably right. 

      If you want to see why I am now predicting that Bali real estate after a four year downturn has already started on a new upper leg that will probably be the second-best buying opportunity this century come to my forthcoming seminars in November in Bali and learn if I'm stupid or not.
      ---------------------



      House prices ‘falling by $1000 a week’

      IT has now been confirmed that house prices in Sydney and Melbourne are falling by $1000 a week as “gravity catches up with stupidity”.

      Frank Chung@franks_chung
      news.com.auOCTOBER 24, 20182:24PM

      House prices: Australia's property market facing longest downturn in decades


      HOUSE prices in Sydney and Melbourne are now falling by $1000 per week but a full-blown collapse remains unlikely in the absence of a major global shock, a leading economist says.

      Deloitte Access Economics partner Chris Richardson’s latest business outlook says Australia’s growth has continued to accelerate despite the “house price fall we had to have”.

      CoreLogic figures show national house prices fell for the 12th consecutive month in September, with Sydney and Melbourne now 6.2 per cent and 4.4 per cent down from their respective peaks in July and November 2017.

      “House prices are falling by about $1000 a week in both Sydney and Melbourne and that pace has accelerated a bit of late,” Mr Richardson said. “Mostly because they were super-silly. It’s not ‘oh dear’ rates of falls but it’s certainly notable. The phrase I’m using is gravity is finally catching up with stupidity.”

      He predicts another 5-10 per cent in Sydney and Melbourne. “Another way to think of it is five years from now, Australian house prices may not be much different than where they are today, and that will be a good thing,” he said.

      “This is not a house price collapse, we are returning to more sensible house prices in a reasonably orderly fashion. It’s not causing particular damage to the Australian economy.”

      Australian families now have the second highest debt to income ratio in the world behind only the Swiss.

      “That’s just a slightly uncomfortable position to be in, other things equal,” he said.

      “Basically we went from a China boom to a house price boom. We cut interest rates and housing prices took off. That did smooth the way for us, but it has left us vulnerable.”

      Despite the Reserve Bank keeping the official cash rate on hold at its record low of 1.5 per cent for more than two years, three of the Big Four have begun to slowly raise mortgage rates due to higher overseas funding costs.

      At the same time, Chinese investment in Australian property has collapsed, banks have tightened their lending standards to local borrowers and are expected to further tighten in the fallout of the banking royal commission.

      Mr Richardson argues economic growth “a smidge above trend” this year and next should keep job gains solid and unemployment edging down. Combined with gradual inflation, wages should recover “albeit at snail’s pace”.

      But that will be a “Faustian bargain” because it will come with a matching lift in interest rates, which in turn will depress consumer spending and hence the wider economy over the next few years.

      Most experts are tipping interest rates to remain on hold until at least late-2019. In the context of the housing market, Mr Richardson says higher interest rates alone won’t crash prices.

      “People think of interest rates as the killer for house prices and they certainly can put pressure on them, but the true kryptonite is unemployment,” he said.

      “Unemployment in Australia is back down to 5 per cent, the lowest since 2012.”

      That doesn’t mean the risk isn’t there.

      “Twenty-seven years without a recession, that world record is a remarkable thing but we have not somehow abolished recessions in Australia,” he said.

      “If I had to guess, the most likely thing is something goes wrong in China’s economy and that laps up on the shores of Australia. It is not what we forecast, but world economies are more volatile than they used to be.”

      Last week, AMP Capital downgraded its forecast for the housing market to 20 per cent top-to-bottom falls in Sydney and Melbourne spread out to 2020. Chief economist Dr Shane Oliver described current conditions as “a perfect storm for the property market”.

      Morgan Stanley earlier this month said it was expecting 15 per cent falls, “which would mark the largest decline since the early 1980s”, while ANZ and Macquarie have predicted falls of 10 per cent.

      Labor has flagged changes to negative gearing and capital gains tax concessions if it wins next year’s election, which critics say will put further pressure on house prices.

      Economic modelling released by the Master Builders Association on Wednesday found Labor’s policy would result in 42,000 fewer homes being built, 32,000 fewer full-time jobs and an $11.8 billion drop in building activity over five years.

      “The MBA report joins a growing list of experts saying that Labor’s policies would have a significant impact on Australia’s economy and property market, particularly at a time when the housing marking is softening,” Treasurer Josh Frydenberg said in a statement.

      “RiskWise warned that median house prices in New South Wales and Victoria could fall about 9 per cent, Citi’s research found Labor’s policy could ‘accelerate the cyclical weaknesses in housing prices’ and Standard and Poor’s warned of the consequences of falling house prices on the broader economy.”

      But Shadow Treasurer Chris Bowen slammed the report. “This research does NOT model Labor’s reforms to negative gearing,” he said in a statement.

      “Labor is not ‘ending negative gearing’ — it’s reforming it to ensure it works best for the economy and jobs by retaining it for new properties only. Any property investments made before the policy start-date will still be able to access negative gearing.”

      New modelling exposes Labor’s ‘destructive’ housing policy: Frydenberg

      Condos set off ‘golden age’ of real estate

      Ky Kosal / Khmer Times Share:
      Cambodian condos offer huge value gains compared to Thailand, Vietnam and Malaysia. Realestate.com.kh



      Cambodia is considered one of the fastest growing economies in Asia. Without a doubt, this growth has driven rapid progress in real estate.

      Condominiums, which represent a new trend in the Kingdom, are gaining steam and catching the eye of local buyers. There is a unique investment opportunity in buying condos. They can generate a solid revenue stream and increase hugely in value over time.

      Before last year, most new developments were centered either near the central business district or along major corridors such as Norodom or Hun Sen boulevards. The story changed starting in the second half of last year. Strategic areas such as Sen Sok, Tuol Kork and Chroy Changvar districts saw a flurry of activity.

      Soth Virak, CEO of Huttons CPL, said that the Kingdom is currently in a “golden age” of real estate and is offering huge value gains compared to Thailand, Vietnam and Malaysia. Markets there, he said, are mature but growing at a slower pace.

      Mr Virak stressed two factors that make Cambodia unique in the region: affordable land prices and freehold ownership.

      “Phnom Penh is now similar to Hong Kong in the 1980s,” he said, adding that Knight Frank and other international brand developers are optimistic for the Kingdom’s future.

      According to a third quarter report from Cambodia’s agent group CBRE, six new condo projects were launched in that time. The majority of them were in these new up-and-coming districts.

      The new projects are set to add a further 2,374 units to the condo supply and will mark a 5.2 percent increase over launches in the previous quarter. This shows that developers are growing more confident in the sector and are putting down serious investments.

      Khorn Kungkea, CEO of agency ERA Cambodia, reflected on buying opportunities by saying that there are benefits to be had when buying from an off-plan project. He said that projects can increase in value as other projects fill in the surrounding space, and can be expected to generate high rental returns for years in the future.

      “Before, 80 percent of my clients were foreigners. Now, however, most are Cambodians,” Mr Kungkea said, adding that reasonable prices are making for a very attractive market.

      A five-star unit in Cambodia, he said, can sell for between $2,500 and $3,500 per square metre. He claimed that a similar property in Singapore would be priced closer to $18,000 per square metre.

      Echoing Mr Kungkea’s view, Mr Virak said that 90 percent of his condo buyers are currently Cambodian.

      “For a typical project we sell five to six units a month to local clients,” he confirmed, adding that convenient location, good facilities and amenities, community lifestyle and flexibility were the main factors that led buyers to condos. He said that if they wanted to rent out the condos they were often able to get returns of 8 percent per year.

      Felix Calimbo Jr, sales and marketing manager for Residences Bel Air, expanded on the flexibility offered by condo developments.

      “[Condos] offer high capital appreciation. Condos can be flipped into an apartment or hotel whereas other real estate investments can’t be.”

      Ky Kosal is a content writer@Realestate.com.kh

      Take a look around some of the world’s top homes for sale


       with Tom Bowden

      REAL Estate Writer Tom Bowden takes you around some of the world’s most luxurious multimillion-dollar listings on the market. This week’s tour takes in Thailand and Victoria. See how the other half lives...
      Tom Bowden
      The AdvertiserOCTOBER 24, 20181:00PM



      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      REAL Estate Writer Tom Bowden takes you around some of the world’s most luxurious multimillion-dollar listings on the market. This week’s tour takes in Thailand and Victoria. See how the other half lives...

      Why The Block has been such a success


      Bangkok, Thailand

      Window on the World


      The River, Penthouse B, Thailand. Supplied by Christie's International Real EstateSource:Supplied

      OCCUPYING more than 100m of prime river frontage, the two iconic towers of The River luxury apartment complex rise more than 250m into the sky over one of the world’s most exciting cities.


      The River, Penthouse B, Thailand. Supplied by Christie's International Real EstateSource:Supplied

      Overlooking the magnificent River of Kings, the penthouse, set 70 storeys in the air, offers executive living on a grand scale — we’re talking five bedrooms, five bathrooms and more than 630 sqm of living space.


      The River, Penthouse B, Thailand. Supplied by Christie's International Real EstateSource:Supplied

      And then there are the amenities — set behind private gates, the complex has a stunning range of facilities, including a private pier, landscaped lawns, fitness centres, sky gardens, multiple swimming pools and ample carparking.


      The River, Penthouse B, Thailand. Supplied by Christie's International Real EstateSource:Supplied
      The buildings’ range of public and private areas create a picturesque green space between the two towers, making this unlike any other development in the city.

      When they talk about living the high life, in Thailand this is it.

      The home is for sale with Christies International Real Estate.


      Price not disclosed

      Phang Nga, Thailand

      Let your worries drift away




      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      I READ an article the other day about a bloke who hadn’t left his home in eight years. Not because he was scared of the outside world or anything, he just really liked his house.

      That would be me if I bought this place, I reckon. It’s just got so much to offer I don’t think I’d get bored of it.


      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      Featuring five contemporary Thai-style pavilions, the resort has six bedrooms, six ensuite bathrooms, a massive ‘great room’ for dining and entertaining, a family room and a modern kitchen.


      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      It’s all set around a stunning 25m infinity pool, with coconut palms framing your view over the picturesque Andaman Sea.


      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      Set near a small number of similar villas, the property is overseen by a manager and staff, including a gardener, 24-hour security and a resident chef, are on hand to tend to your every need.


      Villa Shanti, Thailand. Supplied by Christie's International Real Estate.Source:Supplied

      Sounds awesome! There’s just the one small hiccup of not having a spare $10.55 million...

      The home is on the market with Christies International Real Estate.

      Price: $10.55 million.


      33 Bass St FlindersSource:Supplied
      IF it’s a weekend escape not too far from Melbourne you’re looking for, it’s hard to go past this Flinders home.


      33 Bass St FlindersSource:Supplied

      The former family weekender of the Coles family — the crowd that founded the supermarket chain that brought us those mini shop toys I step on at night, and that “Down, down, prices are down” jingle that gets stuck in my head — the 33 Bass St home offers luxury living in a private coastal location.


      33 Bass St FlindersSource:Supplied

      The property, listed through Kay & Burton, has four bedrooms, four bathrooms, covered parking for seven cars, a lift, a cellar and a pool on a 0.53ha block.


      33 Bass St FlindersSource:Supplied

      Ads by Kiosked


      It’s big and bold, but manages to avoid being ostentatious and is set on one of the prettiest pieces of coastline in all of Victoria.


      33 Bass St FlindersSource:Supplied

      But this is of little consolation to me as my whole weekend’s now ruined because I’ve got that ‘Down, down” jingle in my head...

      Price not disclosed

      Originally published as The world’s top homes for sale

      China buyers back hunting for Vancouver homes



      Searches through Juwai.com up 130% from the second quarter
      By Frank O'Brien, Joannah Connolly | October 24, 2018, 2:16pm



      Most China buyers are asking about Metro Vancouver properties priced in the $830,000 range, according to Juwai.com | Frank O’Brien



      Nine months after the B.C. government raised the foreign-buyer tax on Metro Vancouver homes to 20% of the property’s values, searches by potential buyers in China have surged through the Juwai.com, China’s biggest international real estate portal.

      But the founder of the Vancouver chapter of the Asian Real Estate Association of America, who recently returned from addressing a Beijing real estate conference, advised home sellers to damper there enthusiasm.

      “As much as we don’t like to think so, Canada is not as important to China’s buyers as other places, especially the United States,” said Tina Mak, an agent with Coldwell Banker Westburn Realty in Vancouver. Mak suggests that searches through Juwai.com are up for virtually every country as worried Chinese investors attempt to get money out of the country. “Canada was barely mentioned at the Beijing real estate conference,” she noted.


      However, the number of inquiries on Metro Vancouver real estate between July and September exceeded even the height reached in 2017’s first quarter, the international property website reported in response to an inquiry by Glacier Media.

      In raw numbers, searches rose from approximately 350 in the second-quarter to nearly 800 in the third quarter.

      This follows a significant lull over the previous four quarters, where Chinese interest dropped dramatically and focused on other Canadian cities, especially Montréal. Metro Vancouver has this year slipped to being the fifth most searched-for city for Chinese buyers, after Greater Toronto, Montréal, Calgary and Ottawa – whereas in 2016 it was second only to Toronto, reported the website.

      B.C. introduced the foreign-buyer tax, at 15%, in August of 2016 and then raised it to 20% in the provincial budget this February.

      “We have seen an increase in inquiries from China buyers recently,” said agent Michael Hu of Re/Max Westcoast in Richmond, the city that led the province in foreign-home buyers prior to the introduction of the foreign-home buyer tax. Richmond was still among the top destinations for foreigners buying property in the first half of 2018, but they accounted for just 2% of residential transactions, according to the Ministry of Finance.

      Carrie Law, CEO and director of Juwai.com, said: “Our inquiry data shows that Chinese demand plummeted during the first half of the year. This matches the official data showing that foreign buying in Greater Vancouver was down to just 1% of activity in the first half of 2017. In the second quarter, Chinese buyer demand actually hit its lowest level since early 2015. It’s like a sinkhole opened up and swallowed all the buyers. That was the result of several quarters of plunging demand.”

      A dramatic increase in inquiries turned this around in the third quarter, with searches up 130.8% from the trough seen in Q2, and up 30.4% over the third quarter of 2017.

      Law said, “This is an upswelling of demand that we frankly didn’t expect. What we can’t tell you yet is how many of these buyers will go all the way and acquire a home, despite the foreign buyer tax. Given the time it takes to research and complete a transaction, those who do purchase should begin to show up in the official statistics only from the first quarter of 2019.”

      Yu and other local realtors say the increase in inquires has not yet translated into many sales. “Foreign buyers are hard to close,” Yu said.

      Vancouver real estate agents say a drop in home prices this year is making real estate more of a bargain for China-based investors.

      “House prices are down 18% to 20% on the Westside,[compared to 2017]” said Faith Wilson, president of Faith Wilson Group, Vancouver, “So there is the [foreign-buyer] tax right there.”

      Law agrees that Vancouver may appear a relative bargain for Chinese buyers.

      “Vancouver still offers Chinese the prospect of homes or apartments at a relatively low price compared to similar property in China. The price per square metre for an apartment in downtown Vancouver is 37% lower than in Shanghai, according to Numbeo,” Law wrote in a statement to Glacier Media.

      “In China right now there’s a great deal of insecurity about the real estate and economic outlook. Most middle-class and upper-middle-class Chinese owe much of their financial security to their homes and investment properties in China, which have appreciated massively over the past two decades. But determined government policy seems to be bringing an end to price appreciation and could even cause prices to fall for the first time. In addition, political changes, the trade war, and the falling currency combine to make Chinese very nervous about their personal finances.”

      Common public perception is that Chinese buyers seek out high-priced properties to invest huge sums of cash, but this is not borne out by Juwai.com’s data. The website reported that the average inquiry price for Chinese buyers in Metro Vancouver area in 2018 so far is $831,000.

      Juwai.com also said that Canada remains the fourth most popular country in the world for Chinese buyers.

      In global terms, B.C.’s 20% foreign-home buyer tax is not that high a barrier compared to other countries.

      This year New Zealand stopped all foreigners from buying real estate after strong demand, primarily from China, drove property prices skyward. Australia has banned the country’s four major banks from lending to foreign property buyers who do not earn income in Australia.

      - Frank O’Brien is the editor of Western Investor.

      Wednesday, 17 October 2018

      Bali celebrates pulling off an extraordinary well-run successful huge conference with 36,000 delegates for the IMF – IMF-World Bank Annual Meetings Conclude With Loud Message of Solidarity


      Best Asia real estate editor's comments:
      Editor Lawrence at sunrise in Bali
      I'm sure many of my fellow hoteliers, realtors and Bali businessmen were holding their breath for the entire week last week while Bali hosted an estimated 36,000 participants of the International Monetary Fund's  yearly convention, featuring its director Christine Lagarde.
      International Monetary Fund Dir.Christine Lagarde second from left
      From what I know watching most of the news the conference went off without a hitch and even an early morning shake from a earthquake over 100 km away did not scare off any of the participants. Nobody was injured or harmed.

      In fact I was surprised at how little effect the conference had on traffic north of the airport away from the convention Centre.

      Bali convention planners and the government can boast in the future that not only did they pull off this successful convention for the IMF but also that they did it as much is 400 million rupiah under budget.

      There's no question in my mind that this will lead to more and more conventions in the future as companies and governments realize they can hold a huge conference in Bali with a hundred percent assurance that  there will not be any security risks.


      More importantly they will discover that they can hold a conference here at 40% to 50% off most resort islands in the world. And if there are any problems that can always go have a $10 massage.

      This will lead to more more conventions in the near future and as I always say Bali's real estate demand is directly proportional to Bali's tourist demand. 

      Since conventions usually attract very high end tourists or government officials I believe this will lead to a substantial increase in real estate demand in the future.

       To find out why I believe this is the second best time to buy Bali real estate this century check out our forthcoming seminars in Bali or Jakarta in the coming months at the end of this article.
      _________________________________________________________________________________

       IMF-World Bank Annual Meetings Conclude With Loud Message of Solidarity

      The 2018 International Monetary Fund and World Bank Annual Meetings concluded in Nusa Dua, Bali, on Sunday with an appeal by emerging nations to the world's biggest economies to curb rising trade tensions and volatility caused by protectionist policies. (Antara Photo/Afriadi Hikmal)
      By : Dion Bisara | on 10:01 PM October 15, 2018
      Category : Business, Economy



      Nusa Dua. The 2018 International Monetary Fund and World Bank Annual Meetings concluded in Nusa Dua, Bali, on Sunday with an appeal by emerging nations to the world's biggest economies to curb rising trade tensions and volatility caused by protectionist policies.

      The meetings ended on a high note for Indonesia, as its successful hosting of this year's event raised its standing with international dignitaries. The host nation also managed to secure a wide range of deals in infrastructure investment, monetary cooperation and disaster relief and recovery, while the economic injection from the week-long event also helped Bali recover from a recent slowdown.

      During the event, which took place between Oct. 8 and 14, the IMF, World Bank and various other stakeholders aired concern over escalating trade wars and fiscal tightening in developed economies and their impact on the global economy.


      In his speech on Friday, President Joko "Jokowi" Widodo called on countries to step up efforts to ensure that economic growth is inclusive, and that normalization of policy settings by major economies is well communicated and implemented in a timely manner with minimal adverse spillovers.

      IMF managing director Christine Lagarde said the Bali meetings have renewed the importance of multilateral coordination that is "more inclusive, more people-centered and more result-oriented." She also urged delegates to decrease trade tensions and find new ways to fix global trade rules.

      While a resolution of short-term problems in trade has yet to be seen, World Bank president Jim Yong Kim said he had observed a "spirit of solidarity" among delegates over the past week to prepare for the longer term.

      The meetings have advanced the agenda for building resilience amid natural disasters, managing national debt levels, investing in human capital and harnessing the power of financial technology to promote economic growth and lift people out of poverty. And many would like to see this level of coordination replicated in global trade and monetary policies.

      "Winter is coming in the US, Europe, Japan and China. But we want to give you the warmth, love, affection and the spirit of coordination from Bali," Indonesian Finance Minister Sri Mulyani Indrawati said on Sunday.
      Impact on IndonesiaThis year's event, which was complemented with a series of side meetings and various other events, including an investment fair and art exhibition, "represents Indonesia in the best possible way," Sri Mulyani said.


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      The meetings demonstrated Indonesia's significant capacity to organize large-scale events, especially while the country was simultaneously dealing with disaster mitigation in Central Sulawesi and also in Lombok, West Nusa Tenggara, while hosting the 2018 Asian Para Games in Jakarta.

      "For a country to be able to maintain such strong response to disaster and to hold an event like this, is truly remarkable," the World Bank's Kim on said on Sunday.

      The government expect the event's success to boost investor confidence in the archipelago.

      More than 36,300 people participated in the meetings, nearly double the initial target, with 15,000 from abroad, who "would be spokespersons for Indonesia and Bali's tourism and economic potential," Bali Governor I Made Mangku Prastika said.

      The tourist island expects the event to help the region make a swift economic recovery, as it eyes 6.25 percent annual growth this year. The province's economy only expanded by 5.6 percent annually in 2017, its slowest pace in the past six years, due to a dip in tourist arrivals after the eruption of Mount Agung.

      The central government has spent Rp 3 trillion ($197 million) on infrastructure in preparation for the event. This includes the expansion of Ngurah Rai International Airport, a new underpass and a waste processing facility. Prastika said this investment also created 32,000 new jobs on the island.

      Coordinating Maritime Affairs Minister Luhut Binsar Panjaitan said Indonesia may see additional revenue of Rp 1.2 trillion from tourism across the archipelago as many delegates were scheduled for extended their stays to take vacations in Bali, Lombok, Labuan Bajo and Lake Toba.

      Mirza Adityaswara, senior deputy governor of Bank Indonesia, said the country received an additional buffer to defend its currency with a $10 billion swap and repo agreement with Singapore's central bank.

      During the event, Indonesia also secured loan facilities of $1 billion each from the World Bank and Asian Development Bank for disaster mitigation and recovery in Lombok and Central Sulawesi.

      The country further secured investment of $13 billion in infrastructure projects from a total of $42 billion that were offered to foreign delegates on the sidelines of the event.

      "Many said they were surprised by the fact that Indonesia has so many infrastructure projects and investment instruments," Sri Mulyani said.

      "Some of them came to Bali many years ago and noticed the new airport and toll road. These showed that this country delivers on its infrastructure development and they hope there would be other infrastructure projects somewhere else in Indonesia that are viable for them to finance," she said.
      ______________________________________________________________________
      Learn about Latest Laws for Foreigners - 
      How to Earn 10 % to 20 % Per Yr. 
      Free Bali Real Estate Seminars


      Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali and Jakarta next month.

      At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.


      Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of  Bali Real Estate.

      Free Seminar Schedules:

      (1) Location: Jakarta, Indonesia, Le Meridien Hotel.

      Dates & Times:
      1. Thursday - Nov. 1st. 6:30 PM - 7:45 PM
      2. Saturday - Nov. 3rd. 2:00 PM - 3:15 PM

      Location: Jl. Jend. Sudirman No.Kav. , Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10220 Telepon(021) 2513131

      Limited Seating & Free Parking: 

      Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

      ___________________________________

      ( 2) Location: Sanur, Bali, Emerald Villas, 



      Dates & Times:
          1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM

      2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

      Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

      Limited Seating & Free Parking: Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

        Seminar Topics:

        At these seminars you will learn about:

        • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
        • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
        • 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 buy for maximum profits? 
        • What type of properties will offer the best 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. 
        • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
        • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
        • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
        • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.
        Limited Seating & Free Parking: 

        Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation.

        Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

        Skal Bali Celebrates it's 25th. Anniversary


        Best Asia real estate editor's comments"
        I'm very proud to announce that Skal Bali which is part of the largest travel organization in the world  with an estimated 16,000 members worldwide will be celebrating it's 25th anniversary in Bali this month.
        I've been a proud member of this organization for approximately 12 years and saw a group of 20 members grow to now over 150 members.

        At its height it was the fourth largest club in the world. At one point it even beat out New York City which is quite a accomplishment considering New York's multitude of hotels, clubs, restaurants and tourist related activities.

        Other than the fact that once you become a Skal member you come immediately in contact with the Who's Who of the Bali travel industry.

        The major benefit is that as a Skal member you have email contact to approximately 16,000 members throughout the world.


        I have used this Skal contact list extensively, especially when I travel to a new city or town and need accommodations.

        I simply send a letter to five to ten Skal members who are hotel managers in the area and ask them for Skal discounts. It is normal to receive up to 50% off and often receive substantial upgrades plus the fact that you're treated like royalty when you visit the hotel.

        ali Skal meets every first Friday of every month.

        Membership is very reasonable which includes 12 monthly meetings at various hotels and restaurants for a Bali with extensive first class luncheons where you can could can often meet really solid business contacts.

        Delicous Buffett at Smogs Resturant Sanur Today 

        Featuring everything from Sweden including salmon, cheeses, Beef, Pickled herring etc.

        Complementary vodka beer and wine for all members

        Smorgs restaurant Sanur

        Lawrence editor and 12 your's Skal Bali member

        Good friends and fellow skull members from right to left Joy, Patrick, Mark, Lawrence



        If you would like to attends our next luncheon on the first Friday of next month contact me. I'll be happy to have you come as a guest. Cost is only RP 400,000 for non-guests. Email me at lawrencebptbali@gmail.com or Whatsapp me at 62-8123814014.




        Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali and Jakarta next month.

        At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.
        Bali seminar attendees January 2018

        Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of  Bali Real Estate.

        Free Seminar Schedules:

         Location: Sanur, Bali, Emerald Villas, 




        Dates & Times:
            1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM

        2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

        Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

        Limited Seating & Free Parking: 

        Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

        Seminar Topics:

        At these seminars you will learn about:

        • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
        • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
        • 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 buy for maximum profits? 
        • What type of properties will offer the best 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. 
        • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
        • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
        • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
        • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.

        Limited Seating & Free Parking: 

        Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation


        Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

        Perth's four-year housing bust is nothing like what Sydney and Melbourne's property markets face

        Best Asia Real Estate Editor's comments: Editor Lawrence with wife Azizah and son Darius  on Bondi Beach Sydney July 2018 Perth...