Wednesday, 28 August 2019

The rising mortgage debt burden for older Aussies


Older Australians are struggling to pay their mortgages with a new study finding their debt has soared to $185,000.

Stephanie Bedo@stephanie_bedo
news.com.auAUGUST 27, 20198:00PM

Don't make these common mortgage mistakes

About 40 per cent don't know their interest rate, and that's only one mistake they're making when it comes to mortgages....

Mortgage debt for older Australians has blown out to more than $185,000 from $27,000.

That’s an increase of a massive 600 per cent between 1987 and 2015 for people aged over 55.

Research from the Australian Housing and Urban Research Institute revealed the group’s average mortgage debt to income ratios tripled from 71 to 211 per cent over the same period.

The research, Mortgage stress and precarious home ownership: implications for older Australians, from Curtin and RMIT universities, looked at the growing number of older Australians who are carrying high levels of mortgage debt into retirement.

“Our research finds that back in 1987 only 14 per cent of older Australian homeowners were still paying off the mortgage on their home; that share doubled to 28 per cent in 2015,” the report’s lead author Professor Rachel ViforJ said.

“We’re also seeing these older Australians’ mortgage debt burden increase from 13 per cent of the value of the average home in the late 1980s to around 30 per cent in the late 1990s when the property boom took off, and it has remained at that level ever since.

“Over that time period, average annual mortgage repayments have more than tripled from $5000 to $17,000 in real terms.”

RELATED: Proof older people screw the rest of us

RELATED: Problems young Aussies face for home ownership



The mortgage debt burden is rising for older Aussies. Picture: Campbell Brodie.Source:News Corp Australia

The report found high mortgage debts later in life also presented significant challenges for housing assistance programs.

The combination of tenure change and demographic change is expected to increase the number of seniors aged 55 years and over eligible for Commonwealth Rent Assistance (CRA) from 414,000 in 2016 to 664,000 in 2031, a 60 per cent increase.

As a consequence, the real cost (at 2016) of CRA payments to the federal Budget is expected to soar from $972 million in 2016, to $1.55 billion in 2031.

The unmet demand for public housing from private renters aged over 55 is also expected to climb from roughly 200,000 households in 2016 to 440,000 households in 2031, a 120 per cent increase.

Professor ViforJ said the burden of indebtedness in later life was growing and, as a result, people would have longer working lives and have to use their superannuation to pay down mortgages.

The report also found older mortgagors who faced difficulty in meeting mortgage payments had higher levels of stress and a decline in wellbeing.

It found older female mortgagors’ mental health was more sensitive to personal circumstances than older male mortgagors.

Marital breakdown, ill health and poor labour market engagement all adversely affect older female mortgagors’ mental health scores more than men’s.

“These mental health effects are comparable to those resulting from long-term health conditions,” Professor ViforJ said.

“As growing numbers of older Australians carry mortgages into retirement the rising trend in mortgage indebtedness will have negative impacts on the wellbeing of an increasing percentage of the Australian population.”

Are you worried about mortage debt as you get older? Join the conversation in the comments below
_______________________________
One solution is for older Australians is to sell their homes.

This would remove the worries about paying the mortgage.

They can take the funds and purchase one or possibly even up to three Villas in Bali for income part-time or full-time retirement or just a vacation home.

Bali Luxury Retirement Villas  as low as * $184,888 U.S.D. ($268,888 Aus.)

Check out our Brand New © Bali Luxury Retirement Villas starting as low as * $184,888 U.S.D. ($268,888 Aus. at today's exchange rate).

Starting at $184,888 USD
You may now Invest, Vacation or retire full time or part-time in Bali while achieving very handsome returns over the 80 years of leases included in the purchase price starting at $184,888 USD.

Pretty well everything you need to know including location, prices, and designs plus information on Bali and Bali retirement visas is available on our web site https://www.baliluxuryretirementvillas.com.

The information available on our website:


Our 14-year-old Bali company Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.) with over 100 + staff and thousands of satisfied clients guarantee completion of any villas purchased now in 2020. 

We are a Ten-Year Consecutive “Certificate of Excellence” recipient on the Worlds Largest Travel Site and was awarded their "Hall of Fame Award", in 2019. This is awarded to only 2 % of the Hotels & Villas listed on TripAdvisor Worldwide"

Conclusion:

These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.

There is already a growing population of baby boomers and retirees taking full-time residence in Bali. We have experience in handling over 100 Bali Villa Sales transactions over the last 15 years and now believe that this will be the largest, and most profitable demand to hit Bali in decades.

Profit Now Move in Later:


You may not be ready to pack up and move to Bali in the next few years.

So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $2,000 to $2,500 U.S.D. per month. ($2,877 to $3,600 Aus.).

Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit. 

Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.

We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.

Limited Offer: Save $10,000:

As with any new project we are anxious to sell the first few villas.

We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.

Free Stay in Luxury Estate:
If you wish to fly over and see the location first after you place a $2,000 USD Deposit we will offer you free accommodations in a 4 bdrm. 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.

When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.

Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.

Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.

Cheers, THE SALES TEAM © Bali Luxury Retirement Villas

PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

Features of© Bali Luxury Retirement Villas starting as low as * $184,888


• 100% legal for foreigners.
• Includes leases totaling 80 yrs.
• Private carport included.
• Private 8 m (27 Ft.) pool** for leisurely laps.
• Only 200 Mtr. To a fabulous beach, restaurants, beach clubs.
• Great investment for you and your heirs.
• Private Housekeepers & drivers, only $200 MTh.
• Healthcare at a fraction of Western costs.
• Brand-new hospital within five minutes.
• Award-winning international Airport 35 min.
• Proximity to Sanur, Ubud, Denpasar.
• Walking distance to affordable restaurants and beach clubs
• Shared low costs of pool man and gardeners.
• Minuscule monthly common area fees.
• Managed by 15-year-old, Hall of Fame award-winning management company
• *Price of the least expensive villa in U.S.D. after $10,000 Discount for the first two villas only. Subject to change without notice.
• **Eight-meter first-class swimming pool Only U.S.D. $28,888 Extra

P.S. We also have several larger villas available from two-bedroom www.baliluxuryvillasales.com
Starting as low as $158,888.
 to four-bedroom www.baliparadiseestates.com
starting as low as $158,888. The leases on these units vary from 34 years to nine years remaining.

Please contact us if you wish for further information. Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com


Reserve Bank’s ‘stark warning’ about house prices

One of Australia’s top economic figures has made stark comments about property prices. But it’s the last-minute change to his speech should ring alarm bells.

Jason Murphy@jasemurphy news.com.auAUGUST 27, 20195:56PM

More interest rate cuts coming: But don't get excited
CommSec's Tom Piotrowski explains why this might not be the time to celebrate RBA cutting interest rates.

The Reserve Bank has delivered a shocking warning on the consequences of interest rate cuts, even as it is slashing them to record lows.

“We can be confident that lower interest rates will push up asset prices, and I think that later on we will have problems because of that,” said RBA governor Philip Lowe this week.

It was a small, but signficant last-minute change to his speech.

This stark warning of problems “later on” is a far cry from the confidence the RBA has exuded more recently.

“Today’s decision to lower the cash rate will help make further inroads into the spare capacity in the economy,” Dr Lowe said in July when the RBA cut Australia’s official interest rate to a record low of 1 per cent.

More interest rate cuts — and more record lows — are expected, as the next graph shows.


Interest rates are predicted to keep falling. Picture: SuppliedSource:Supplied

MORE MONEY, MORE PROBLEMS

We are already seeing the results of interest rate cuts in the Australian housing market. The auction clearance rate has reversed last year’s fall.

Auction clearance rates have spiked as the housing market recovers. Picture: CoreLogicSource:Supplied

The uptick in clearance rates predates the first RBA rate cut in June, in part because that rate cut was expected in advance. Since June, and the second rate cut in July, clearance rates have shot up even higher.

House prices have begun to rise, up 0.75 per cent in the last three months according to Corelogic data covering the five largest capital cities. We have not yet returned to the massive price growth of the past few years. But if the veiled warnings of the RBA governor come true, his interest rate cuts could contribute to another boom and bust cycle.

WHAT SORT OF PROBLEMS?

The obvious implication of Dr Lowe’s statement is he is worried about asset price bubbles blowing up then bursting. Australian housing is just one class of assets that has shot up in price. Housing in Canada, Sweden and many other markets around the world has also exploded.

Major stock market valuations around the world have also risen in recent years as we entered a world of low interest rates. As the next graph shows, several markets, including the US and Australia, are now at valuations above their long-run average.


Major stock market valuations around the world have also risen in recent years. Picture: SuppliedSource:Supplied

So how can low interest rates cause asset price bubbles? Low rates make it easier to borrow to buy a house, of course, but there’s a bigger picture too.

When interest rates are low, it reduces the return on putting money in the bank and other low-risk investments like buying government bonds. Investors who want returns are forced to choose other places to invest — higher risk investments.

Trillions of dollars of investor money goes out hunting for other things to buy, like stocks, corporate bonds, private companies and real estate. And when that money bids to buy them, the price of those assets goes up.

Low interest rates are part of why technology stocks like Facebook are so highly valued at the moment, for example. They explain why US President Donald Trump gets to crow about record high stock prices even though US companies aren’t doing particularly well.

Of course, higher asset prices are not the reason central banks cut interest rates. They’re not usually trying to boost asset prices. The central banks hope that by cutting rates, they will make business borrow to invest and give people with a mortgage more spare money to spend at the shops.

Those two activities would boost the economy. But recently when interest rates were cut we tended to get more of a response in asset prices than the real economy.


The Government hopes the average householder will splash more cash — but that’s not proving true. Picture: SuppliedSource:istock

THE TRANSCRIPT

When the RBA governor speaks, the RBA releases a copy of the speech on their website. This time they released the audio too and I listened to it.

There were intriguing differences between the written speech and what he actually said. When he stood up to speak, the governor decided to ditch some of the cautious language and speak more forcefully about the risks.

“Easier monetary conditions will push up asset prices, which brings its own set of risks,” read the written speech. But, “We can be confident that lower interest rates will push up asset prices, and I think that later on we will have problems because of that,” said the governor.

In the highly controlled world of central bank communications, this deviation is meaningful. The governor obviously felt this was no time to beat around the bush.


Australian Reserve Bank governor Philip Lowe. Picture: AAP Image/Lukas CochSource:AAP

A HERO STEPS UP

With the RBA worried that interest rate cuts will boost asset prices and give us big problems, the Australian economy needs a hero.

This week, into the void, stepped Treasurer Josh Frydenberg — the man who controls the $500 billion dollar government budget and could single-handedly boost the Australian economy with a big pulse of spending.

The Treasurer took this golden opportunity … and used it to pass the buck. Australian companies were not doing enough, he said.

“Back yourself to grow,” he said, asking business to spend big now to create a better future, while he himself hoards tax revenues in order to create a surplus.


Australian Federal Treasurer Josh Frydenberg wants businesses to step up to save the economy. Picture: AAP Image/James RossSource:AAP

It’s clear the Treasurer is eager to be the man who returned the Budget to balance. And yes, he has said he is willing to do what’s “necessary” to boost the economy. But perhaps that refers to responding after there is an emergency, rather than acting now to prevent an emergency from developing.

WE ARE STUCK
So, for now, we are stuck with more interest rate cuts. And the consequences? Those problems the RBA governor warned about? We will have to deal with them “later on”.

Jason Murphy is an economist. He is the author of the new book Incentivology. Continue the conversation @jasemurphy

_______________________________

Bali Luxury Retirement Villas  as low as * $184,888 U.S.D. ($268,888 Aus.)

Check out our Brand New © Bali Luxury Retirement Villas starting as low as * $184,888 U.S.D. ($268,888 Aus. at today's exchange rate).

Starting at $184,888 USD
You may now Invest, Vacation or retire full time or part-time in Bali while achieving very handsome returns over the 80 years of leases included in the purchase price starting at $184,888 USD.

Pretty well everything you need to know including location, prices, and designs plus information on Bali and Bali retirement visas is available on our web site https://www.baliluxuryretirementvillas.com.

The information available on our website:


Our 14-year-old Bali company Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.) with over 100 + staff and thousands of satisfied clients guarantee completion of any villas purchased now in 2020. 

We are a Ten-Year Consecutive “Certificate of Excellence” recipient on the Worlds Largest Travel Site and was awarded their "Hall of Fame Award", in 2019. This is awarded to only 2 % of the Hotels & Villas listed on TripAdvisor Worldwide"

Conclusion:

These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.

There is already a growing population of baby boomers and retirees taking full-time residence in Bali. We have experience in handling over 100 Bali Villa Sales transactions over the last 15 years and now believe that this will be the largest, and most profitable demand to hit Bali in decades.

Profit Now Move in Later:


You may not be ready to pack up and move to Bali in the next few years.

So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $2,000 to $2,500 U.S.D. per month. ($2,877 to $3,600 Aus.).

Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit. 

Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.

We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.

Limited Offer: Save $10,000:

As with any new project we are anxious to sell the first few villas.

We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.

Free Stay in Luxury Estate:
If you wish to fly over and see the location first after you place a $2,000 USD Deposit we will offer you free accommodations in a 4 bdrm. 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.

When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.

Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.

Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.

Cheers, THE SALES TEAM © Bali Luxury Retirement Villas

PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

Features of© Bali Luxury Retirement Villas starting as low as * $184,888


• 100% legal for foreigners.
• Includes leases totaling 80 yrs.
• Private carport included.
• Private 8 m (27 Ft.) pool** for leisurely laps.
• Only 200 Mtr. To a fabulous beach, restaurants, beach clubs.
• Great investment for you and your heirs.
• Private Housekeepers & drivers, only $200 MTh.
• Healthcare at a fraction of Western costs.
• Brand-new hospital within five minutes.
• Award-winning international Airport 35 min.
• Proximity to Sanur, Ubud, Denpasar.
• Walking distance to affordable restaurants and beach clubs
• Shared low costs of pool man and gardeners.
• Minuscule monthly common area fees.
• Managed by 15-year-old, Hall of Fame award-winning management company
• *Price of the least expensive villa in U.S.D. after $10,000 Discount for the first two villas only. Subject to change without notice.
• **Eight-meter first-class swimming pool Only U.S.D. $28,888 Extra

P.S. We also have several larger villas available from two-bedroom www.baliluxuryvillasales.com
Starting as low as $158,888.
 to four-bedroom www.baliparadiseestates.com
starting as low as $158,888. The leases on these units vary from 34 years to nine years remaining.

Please contact us if you wish for further information. Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com


Tuesday, 27 August 2019

Australia’s property bubble shows the lessons of the 2008 crash haven’t been learned




AUSTRALASIA

The financial crisis did not spell the end of financialisation — Australian households are among the most indebted in the world.

BYGRACE BLAKELEY



A sign advertises a multi-million dollar house which sold prior to auction in Sydney.

When I arrived in Australia and turned on the TV in my hotel room, I was bombarded with adverts for mortgage refinancing, equity withdrawal and cheap credit cards. One ad depicted a woman talking elatedly about how she’d managed to pay off $90,000 worth of credit card debt over just three years.

In St Kilda, a trendy district in the south of Melbourne, entire streets were covered in boarded-up shops plastered with the logos of various real estate companies. On one street, someone had taken a Sharpie and written “lower your rent” over every sign, and homeless men and women could be found sheltering in the unused doorways.

A few days later, I recounted my experience to one of the organisers of the political conference I attended, telling him that all the signs pointed to a property boom that was running out of steam. He nodded in agreement: “my house is worth no more today than it was when I bought it two years ago”.

After 2008, policymakers across the world claimed to have learned the lessons of the financial crisis. They recognised that the pre-crisis approach to regulation hadn’t worked — rather than predictable risks in individual institutions, they realised they should have been focusing on unpredictable, systemic risks.

But the financial crisis didn’t result simply from a failure of regulatory oversight. 2008 was a crisis caused by financialisation — and this means much more than simply bigger, under-regulated banks.

A financialised economy will have a thriving banking system, but it will also be characterised by rising household and corporate debt, soaring asset prices, huge capital inflows, deindustrialisation and growing income, wealth and regional inequality.

In the US and the UK, the deregulation of commercial banking and the removal of restrictions on capital mobility led to a lending boom in the 1980s. Banks faced far fewer restrictions on their ability to create money by extending credit, and mortgage lending in particular soared.

As the money directed into property markets increased faster than the housing stock, property prices boomed. Rising house prices allowed consumers to borrow even more by releasing the equity from their homes.

Capital from all over the world flowed into British and American property and financial markets, pushing up the value of the currency and harming exporters. As tax revenues from the sector flowed into Treasury coffers, the state’s willingness to regulate it waned.

Economists failed to pay attention to any of these indicators before the crash, instead dubbing the period between 1989 and 2007 the “great moderation” — a time of high growth, low inflation and generalised economic and financial stability. Only when the boom finally ended did they realise the veneer of moderation had concealed a wellspring of excess.

But the financial crisis did not spell the end of financialisation — instead, it heralded another phase of its expansion. Since the financial crisis, property prices in Sydney and Melbourne have risen 105 per cent and 94 per cent respectively. Private debt-to-GDP, which includes all household and corporate debt, has increased from 184 per cent of GDP in 2010 to 205 per cent today. Household debt is more than 200 per cent of average incomes, making Australian households some of the most indebted in the world.

As major cities have boomed, those areas less reliant on the finance, insurance and real estate (FIRE) economy have stagnated. Sydney alone produces nearly a quarter of the nation’s GDP, with Melbourne responsible for another 20 per cent. Wealth inequality has risen significantly and stagnant wages and rising profits have led the Australian Council of Trade Unions (ACTU) to conclude that Australia is facing US levels of inequality.

Wandering around the conference I was attending, there was a palpable sense of disappointment in the air. In allowing the boom to continue as long as they have, Australia’s political and economic elites have clearly prioritised short-term profits over the nation’s long-term economic health.

Yet at last month’s general election, which many expected to bring the opposition Labor Party to power, voters handed victory to the free-market Liberal-National coalition.

I was surprised by the shock over the election result. Radical governments don’t come to power when the finance sector is booming, property prices are rising, and billions of pounds worth of new money is being created out of thin air every day. It is only when the boom gives way to a bust, and peoples’ expectations of constantly rising living standards are shattered on the rocks of post-crash stagnation, that radical politics comes into its own.



Bali Luxury Retirement Villas  as low as * $184,888 U.S.D. ($268,888 Aus.)

Check out our Brand New © Bali Luxury Retirement Villas starting as low as * $184,888 U.S.D. ($268,888 Aus. at today's exchange rate).

Starting at $184,888 USD
You may now Invest, Vacation or retire full time or part-time in Bali while achieving very handsome returns over the 80 years of leases included in the purchase price starting at $184,888 USD.

Pretty well everything you need to know including location, prices, and designs plus information on Bali and Bali retirement visas is available on our web site https://www.baliluxuryretirementvillas.com.

The information available on our website:


Our 14-year-old Bali company Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.) with over 100 + staff and thousands of satisfied clients guarantee completion of any villas purchased now in 2020. 

We are a Ten-Year Consecutive “Certificate of Excellence” recipient on the Worlds Largest Travel Site and was awarded their "Hall of Fame Award", in 2019. This is awarded to only 2 % of the Hotels & Villas listed on TripAdvisor Worldwide"

Conclusion:

These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.


There is already a growing population of baby boomers and retirees taking full-time residence in Bali. We have experience in handling over 100 Bali Villa Sales transactions over the last 15 years and now believe that this will be the largest, and most profitable demand to hit Bali in decades.

Profit Now Move in Later:


You may not be ready to pack up and move to Bali in the next few years.

So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $2,000 to $2,500 U.S.D. per month. ($2,877 to $3,600 Aus.).

Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit. 

Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.

We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.

Limited Offer: Save $10,000:

As with any new project we are anxious to sell the first few villas.

We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.

Free Stay in Luxury Estate:
If you wish to fly over and see the location first after you place a $2,000 USD Deposit we will offer you free accommodations in a 4 bdrm. 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.

When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.

Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.

Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.

Cheers, THE SALES TEAM © Bali Luxury Retirement Villas

PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

Features of© Bali Luxury Retirement Villas starting as low as * $184,888


• 100% legal for foreigners.
• Includes leases totaling 80 yrs.
• Private carport included.
• Private 8 m (27 Ft.) pool** for leisurely laps.
• Only 200 Mtr. To a fabulous beach, restaurants, beach clubs.
• Great investment for you and your heirs.
• Private Housekeepers & drivers, only $200 MTh.
• Healthcare at a fraction of Western costs.
• Brand-new hospital within five minutes.
• Award-winning international Airport 35 min.
• Proximity to Sanur, Ubud, Denpasar.
• Walking distance to affordable restaurants and beach clubs
• Shared low costs of pool man and gardeners.
• Minuscule monthly common area fees.
• Managed by 15-year-old, Hall of Fame award-winning management company
• *Price of the least expensive villa in U.S.D. after $10,000 Discount for the first two villas only. Subject to change without notice.
• **Eight-meter first-class swimming pool Only U.S.D. $28,888 Extra

P.S. We also have several larger villas available from two-bedroom www.baliluxuryvillasales.com
Starting as low as $158,888.
 to four-bedroom www.baliparadiseestates.com
starting as low as $158,888. The leases on these units vary from 34 years to nine years remaining.


Please contact us if you wish for further information. Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

Can I still receive an Australian Age Pension living in Bali

Best Asia Real Estate Editor's Comments: I am often asked can I still receive my Australian pension if I live in Bali? The ...