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Japanese Property Thread
Topic Started: 10 Dec 2016, 05:27 PM (3,071 Views)
Rastus2
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Back from Japan, and had quite an enjoyable trip.

Spent time in Tokoyo, Hiroshima, Kyoto and elsewhere... and yes, did what I usually do, pondered how the dwelling price compares to Australia.


Mostly considered Units/Apartments...

http://japanpropertycentral.com/real-estate-faq/apartment-buying-guide/

Incomes in Japan are not particularly low compared to Australia when adjusted for cost of living.

Indeed, one could argue that if you moved from Sydney to Japan, after adjusting for buying power and interest rates, you could purchase a property, more central to Tokoyo than in Sydney.
The cost per square meter appears far greater in Japan, until you account for the large difference of Interest Rates.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Australia&country2=Japan

http://www.ifitweremyhome.com/compare/AU/JP

This article gives a good insight into what USD $250k can buy in Tokoyo... Personally, I think it should be an eye opener for anyone in Australia.

http://resources.realestate.co.jp/buy/what-you-can-buy-tokyo-250000-now-tokyo/


With the fantastic infrastructure that allows you to travel from outer areas rapidly, I would not even consider the need for a unit in the city... a house in the country still offers a very quick commute.


One thing of important note is the Japanese culture to not buy used houses... Unlike elsewhere, the state of repair for many homes is quite poor. While this is changing, it is an important thing to consider as any expectation of 'flipping' may be deluded.

To quote a website "Sales of existing single-family homes in the densely populated Tokyo, Chiba, Kanagawa, and Saitama prefectures hit just 36,432 last year "... that is very, very low.




Overall, the experience was interesting...
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
10 Dec 2016, 05:27 PM

With the fantastic infrastructure that allows you to travel from outer areas rapidly, I would not even consider the need for a unit in the city... a house in the country still offers a very quick commute.

And yet look at how densely it's populated in it's cities.

The other thing you had to have noticed is despite all the talk about japan having economic woes, the view on the ground doesn't support this at all.
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Foxy
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Zero is coming...

Rastus2
10 Dec 2016, 05:27 PM
Back from Japan, and had quite an enjoyable trip.

Spent time in Tokoyo, Hiroshima, Kyoto and elsewhere... and yes, did what I usually do, pondered how the dwelling price compares to Australia.


Mostly considered Units/Apartments...

http://japanpropertycentral.com/real-estate-faq/apartment-buying-guide/

Incomes in Japan are not particularly low compared to Australia when adjusted for cost of living.

Indeed, one could argue that if you moved from Sydney to Japan, after adjusting for buying power and interest rates, you could purchase a property, more central to Tokoyo than in Sydney.
The cost per square meter appears far greater in Japan, until you account for the large difference of Interest Rates.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Australia&country2=Japan

http://www.ifitweremyhome.com/compare/AU/JP

This article gives a good insight into what USD $250k can buy in Tokoyo... Personally, I think it should be an eye opener for anyone in Australia.

http://resources.realestate.co.jp/buy/what-you-can-buy-tokyo-250000-now-tokyo/


With the fantastic infrastructure that allows you to travel from outer areas rapidly, I would not even consider the need for a unit in the city... a house in the country still offers a very quick commute.


One thing of important note is the Japanese culture to not buy used houses... Unlike elsewhere, the state of repair for many homes is quite poor. While this is changing, it is an important thing to consider as any expectation of 'flipping' may be deluded.

To quote a website "Sales of existing single-family homes in the densely populated Tokyo, Chiba, Kanagawa, and Saitama prefectures hit just 36,432 last year "... that is very, very low.




Overall, the experience was interesting...
Foxbat says lock in a great deal and live the dream in Tokyo....

https://www.youtube.com/watch?v=F61LyH6QDNo :bh:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Khaderbhai
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Wealthy Suburbanite

Rastus2
10 Dec 2016, 05:27 PM
Spent time in Tokoyo

more central to Tokoyo

buy in Tokoyo
Perhaps you should spend a bit longer there, and learn how to spell the city correctly.

Unless you mean you spent time in a samurai's daughter?
Edited by Khaderbhai, 10 Dec 2016, 06:04 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Khaderbhai
10 Dec 2016, 06:03 PM
Perhaps you should spend a bit longer there, and learn how to spell the city correctly.

Unless you mean you spent time in a samurai's daughter?
Now you are talking real estate....
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Terry
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Rastus2
10 Dec 2016, 05:27 PM
Back from Japan, and had quite an enjoyable trip.

Spent time in Tokoyo, Hiroshima, Kyoto and elsewhere... and yes, did what I usually do, pondered how the dwelling price compares to Australia.


Mostly considered Units/Apartments...

http://japanpropertycentral.com/real-estate-faq/apartment-buying-guide/

Incomes in Japan are not particularly low compared to Australia when adjusted for cost of living.

Indeed, one could argue that if you moved from Sydney to Japan, after adjusting for buying power and interest rates, you could purchase a property, more central to Tokoyo than in Sydney.
The cost per square meter appears far greater in Japan, until you account for the large difference of Interest Rates.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Australia&country2=Japan

http://www.ifitweremyhome.com/compare/AU/JP

This article gives a good insight into what USD $250k can buy in Tokoyo... Personally, I think it should be an eye opener for anyone in Australia.

http://resources.realestate.co.jp/buy/what-you-can-buy-tokyo-250000-now-tokyo/


With the fantastic infrastructure that allows you to travel from outer areas rapidly, I would not even consider the need for a unit in the city... a house in the country still offers a very quick commute.


One thing of important note is the Japanese culture to not buy used houses... Unlike elsewhere, the state of repair for many homes is quite poor. While this is changing, it is an important thing to consider as any expectation of 'flipping' may be deluded.

To quote a website "Sales of existing single-family homes in the densely populated Tokyo, Chiba, Kanagawa, and Saitama prefectures hit just 36,432 last year "... that is very, very low.




Overall, the experience was interesting...
I was there about 5 weeks ago. Actually, I don't think it's that cheap in the prime areas of Tokyo. USD1 mio won't get you much in central Tokyo. Stayed with friends in a beautiful serviced apartment in Mita with views of Tokyo Tower and Tokyo Bay. 3-bedrooms; 2 bathrooms. Monthly rents up to USD8-10k.
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Rufus
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Rastus2
10 Dec 2016, 05:27 PM
Back from Japan, and had quite an enjoyable trip.

Spent time in Tokoyo, Hiroshima, Kyoto and elsewhere... and yes, did what I usually do, pondered how the dwelling price compares to Australia.


Mostly considered Units/Apartments...

http://japanpropertycentral.com/real-estate-faq/apartment-buying-guide/

Incomes in Japan are not particularly low compared to Australia when adjusted for cost of living.

Indeed, one could argue that if you moved from Sydney to Japan, after adjusting for buying power and interest rates, you could purchase a property, more central to Tokoyo than in Sydney.
The cost per square meter appears far greater in Japan, until you account for the large difference of Interest Rates.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Australia&country2=Japan

http://www.ifitweremyhome.com/compare/AU/JP

This article gives a good insight into what USD $250k can buy in Tokoyo... Personally, I think it should be an eye opener for anyone in Australia.

http://resources.realestate.co.jp/buy/what-you-can-buy-tokyo-250000-now-tokyo/


With the fantastic infrastructure that allows you to travel from outer areas rapidly, I would not even consider the need for a unit in the city... a house in the country still offers a very quick commute.


One thing of important note is the Japanese culture to not buy used houses... Unlike elsewhere, the state of repair for many homes is quite poor. While this is changing, it is an important thing to consider as any expectation of 'flipping' may be deluded.

To quote a website "Sales of existing single-family homes in the densely populated Tokyo, Chiba, Kanagawa, and Saitama prefectures hit just 36,432 last year "... that is very, very low.




Overall, the experience was interesting...
An ageing population that is falling in number, plus more than 8 million homes that no one wants means they have a dying real estate market, in fact a dying economy in traditional means of measure.

Take risks - if you win you will become wealthy, if you lose you will become wise
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herbie
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Any idea why Japanese chicks have such short legs Musty? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rastus2
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Khaderbhai
10 Dec 2016, 06:03 PM
Perhaps you should spend a bit longer there, and learn how to spell the city correctly.

Unless you mean you spent time in a samurai's daughter?
Thankyou for your Pavlovian response..
Terry
10 Dec 2016, 06:15 PM
I was there about 5 weeks ago. Actually, I don't think it's that cheap in the prime areas of Tokyo. USD1 mio won't get you much in central Tokyo. Stayed with friends in a beautiful serviced apartment in Mita with views of Tokyo Tower and Tokyo Bay. 3-bedrooms; 2 bathrooms. Monthly rents up to USD8-10k.

Apartments around the 100,000,000 yen mark and lower are common.

https://www.realestate.co.jp/en/forsale/listing?prefecture=JP-13&city=tokyo&max_price=100000000


Rufus
10 Dec 2016, 09:00 PM
An ageing population that is falling in number, plus more than 8 million homes that no one wants means they have a dying real estate market, in fact a dying economy in traditional means of measure.
Where are the 8 million homes no-one wants ?
Edited by Rastus2, 10 Dec 2016, 10:37 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rufus
10 Dec 2016, 09:00 PM
An ageing population that is falling in number, plus more than 8 million homes that no one wants means they have a dying real estate market, in fact a dying economy in traditional means of measure.
No it's not. Construction in residential property is booming in the main urban centers of Japan.
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