Investing in Australia’s property market.

Having been to a place like China, I was amazed at the number of empty buildings and “ghost cities”. My amazement was further climaxed with the news from one of our local Chinese friends who informed us that anyone who buys property in China can only lease the property for 75 years. Afterwards, the land and property goes back to the government.

Initially, that was quite confusing for me as I grew up in a place like Australia. Australia, a beautiful country, a place where you can buy land and it will be forever yours. See, it’s not just the idea of keeping land forever in your name, but in Australia we have the general notion that the value of Real Estate, whether it is land or property that it should “double in value every 10 years”. This is what Australians consider solid “Capital Growth” where we are enjoying both the increase in value of the property and we can also be enjoying higher returns by renting out the property.

If you’re a smart investor, you know where to look, what to buy and when to buy it. Growing your wealth anywhere from 10-20% per year is a common experience.

Now, you might start thinking “well that’s great news if you’re Australian!”. Actually, I would say that Australia is quite “open” to people wanting to invest in the property market in Australia.

In fact, investing in Australia has other benefits like the potential of becoming an Australian citizen. You heard me right, at this moment in time the Australian government is offering an investment visa to people willing to invest $1.5 million Australian dollars (or 7.25 million RMB at this point in time) over four years. It is my understanding that people under this visa  would be eligible to become an Australian citizen after 4 years, having this kind of arrangement can be ideal especially for Chinese parents and families who want to send their kids to prestigious schools and universities in Australia. Even though this opportunity is out there for everyone, I see this as an extra convenient arrangement for Chinese parents who want to invest their money for their kids and grand kids allowing them to have a bright future.

Sources:

https://www.border.gov.au/Trav/Visa-1/891-

http://emergingmarkets.me/guest-article-chinas-aggressive-hunt-overseas-property-yuan-goes/

Conveniences of Thailand! (What is Thailand like?)

Let’s get straight to the point.

Are you 18+ and you can’t do your bed / cook your own food / wash your own clothes without your mother holding your hand? No Worries! Are you looking for a place to travel to but have little to very little money? No Worries! The answer is here and it’s called “Thailand”!!!

What is Thailand like?

I might be exaggerating a tad, but the reality is, Thailand is so darn cheap to live anyone can potentially come here, start working at a job (most jobs are for teaching English but there are other jobs out there) and before you know it, you’re eating like a local, you’re dressed like a local and you become a local. There are so many people from all around the world here in Thailand (especially in Chiang Mai) that sometimes I wonder if I bump into more foreigners than Thai locals while walking along the street.

Ok, I know what you’re thinking “I’m not a tourist, I don’t want to be a tourist, I can’t afford to be a tourist”. Again, let me emphasize, there’s a very big population here in Chiang Mai (Northern Thailand) where expats from all over the world have come here, fell in love with this place and decided to make this place their new home.

So my advice to you is, do some research (shameless plug of our YouTube channel here: A Pair of Nomads (APoN)) and don’t get discouraged. Find the resources to get over here and before you know it, you’ll be living independently and having a very chill lifestyle.

The cost of living.

As I said earlier, Thailand makes living independently SUPER EASY! As I am writing this post, me and Leshanta have rented a serviced apartment close to our school. We paid 6000 Baht for our room for the month (electricity is extra, and it can vary 0-1500 baht per month depending on usage). Now, if you came here and decided to live here on a long term basis, it wouldn’t be difficult to find a long term lease that would be cheaper and of better quality at the same time. Meanwhile, we do enjoy getting our room serviced for 100 Baht, getting our clothes washed and ironed for 5 Baht a piece (why bother washing your own clothes when it’s so cheap). So what’s left? You can’t cook? Oh well… such is life, you’ll have to starve to death. 555555!!! (Thai joke, you’ll get it once you get here) The fact is, there’s so much access to delicious food no matter where you are in Thailand, you’ll need strict self-discipline if you don’t want your waistline multiplying. For those of you who love your fresh fruits and veggies have a look at this!
This is what Thailand is like!Now some of you might be thinking, it’s just avocados (just like Leshanta), but none of you get it. I grew up in Australia, where avocados are so expensive that they are sold individually. So, as much as I loved eating them when I had the chance to, the chances were few and far in between due to their cost. But now, here in Chiang Mai I found them at 50 Baht per Kilo!!! That’s a little less than 1.5 USD a kilo (the lady who sold it to me gave me more than a kilo, more like 1.5 kilos for the same price) and there’s so much more of the fruits and veggies that would cost an arm and a leg back home.

Anywhos… Chiang Mai is a cool, laid back place that doesn’t make me want to go anywhere else. But, we must travel as much of the world as possible so that you and our friends can find out about all these different awesome places to live and travel to.

Final words of advice, don’t be afraid to take small risks. Pack yourself a bag and hit the road. Life is so much better when you are making your own decisions and stepping up to the consequences and feeling the pride of your achievements. You only live once, so go out there and LIVE!