Everything you need to know about retiring overseas 11



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There are more and more Australians retiring overseas every year in search of a better retirement lifestyle. Between 2007 and 2012 the Australian government had a 30% increase in pensions being paid to Australians overseas. There are incredible benefits like greater cost efficiency and a cheaper cost of living, more convenience through cheaper services, better (and warmer) weather and more freedom to enjoy your life. So today we’re exploring everything you need to know about moving overseas for retirement with Jason Vershaw from Saville Rowe Property Group.

Saville Rowe Property Group is a development company operating in Bali that was started by Aussie developer Jason Vershaw. Over the last three years they’ve helped so many Australians set up their retirement dreams, working with them along every step of the process.

So here’s everything you need to know about retiring in Bali:


Saville Rowe Property Group offers an incredible range of properties in idyllic locations across Bali. They are yours to buy and completely own and you can choose the right one for your own lifestyle. For a unit style home with bedrooms, a kitchen, living areas with beautiful Balinese style furnishings in a secure complex with pool and luscious gardens your price will start at US$80,000 and go up to US$105,000. For a home that is custom built from land purchase to home construction with your own choice of finishings and Balinese style furnishings plus landscaped gardens and a pool, you won’t pay more than US$400,000. This means that making a move here is downsizing in cost, but not downsizing your lifestyle.

Cost of living

The cost of living is incredible in Bali and for any Australian would be a welcome relief. 1ltr of milk comes in at well under AU$2, unlimited internet is less than AU$50 per month, public transport tickets start at around AU$0.50, monthly membership to fitness clubs and spas is about AU$30, meals out cost anywhere between AU$1.50 for inexpensive meals to AU$30 for three course meals at good restaurants, you can get a coffee for about AU$2.50 and a buy a beer at a bar for around AU$3.80. If you want staff to help you around the home a generous wage for full time work comes in at about AU$250 per person. Jason said, “In Australia most people don’t think about employing staff, but in Bali it’s very affordable.” Jason also shared that a bonus system based on performance is highly effective and well received by workers.


This is one of the biggest concerns for any traveller or person relocating. In Australia we’re blessed with great health care if needed, but overseas it’s not always the case. Bali is unique in that there are highly reputable hospitals in most populated areas. When Jason’s young children were sick earlier this year he was able to take them there and they were treated well – in fact, so well that when the family was back in Perth for a holiday, his previous family GP was impressed with the quality and thoroughness of the treatment. The high quality of healthcare as well as the availability of insurance means you can enjoy yourself knowing your health is in good hands. Jason said that his private family health cover with an international company (that also runs here in Australia) is almost equivalent of the price he was paying while living in Australia.

Visas and finances

There’s a couple of steps that anyone needs to do to legally retire in Bali – but the good news is they’re easy! A retirement visa (yes, it’s a real thing!) costs around US$1,200 per year. Pair this with a multiple entry and exit visa for about US$600 per year and you have complete flexibility to come and go as frequently as you like. The Commonwealth Bank also operates in Bali so if you like familiarity you have that element of security however there’s many different ways to structure your finances. And, while it’s difficult to get a home loan in Bali unless you’re an Indonesian citizen, it’s not impossible. The good news is that Saville Rowe Property Group helps you with every stage of the way including setting up your systems there.


Although it’s a retirement dream to live in Bali, it doesn’t mean you have to stop working. Second careers are a great way to stay active while enjoying a relaxed lifestyle and it’s very easy to start one in Bali. To set up a PMA, what is known as a Foreign Owned Investment Company you simply get your license to operate in Indonesia, establish a business bank account that lets you operate in both Indonesian and American currency and you’re right to go!

Retiring in Bali could be the best option for you – it’s affordable, enjoyable and you get to experience a little luxury, they don’t call it the golden years for nothing!


Tell us today: is retiring in Bali something you’d like to do? Where is your dream retirement destination?


This article has been sponsored by Saville Rowe Property Group. It was written by Starts at 60 Writers for the community as we feel it provides insights into a topic that is particularly relevant and interesting. If you wish to find out more about Saville Rowe Property Group or make contact with them, visit their website by clicking here.


Starts at 60 Writers

The Starts at 60 writers team seek out interesting topics and write them especially for you.

  1. Interesting, retirement is a concern. How long will my small amt savings last with the pension. I could move to a cheaper place than Sydney, in Australia or overseas, to live but then will not have family and friends near by.

  2. Dream destination but the labs have to come too.

  3. There lot of cheaper places to live in Australia, but the main thing is to be close to family & friends, that’s very important.

    1 REPLY
    • Yes, and they warn about retiring by the seaside in a popular coastal country town, where you don’t know anybody and are 100’s of K’s from family & friends…

  4. this dam rot has to stop , nobody should get paid to live outside australia, leave and the pension/wefare should stop, and no receiving social welfare before 6 months ,after a reading / writing and english spoken test.

  5. I wouldnt like to move to a country that doesnt have health care we have here.

  6. To be honest, I thought it would be cheaper to live in Bali than this article suggests. The cost of the units were definitely cheap if you convert it to Au$s. But some of the utilities weren’t that much cheaper than in Australia. The cost to build your own house over there wasn’t that cheap. We’ve just had a quote on a 4 bedroom, 2 bathroom etc house and it comes in at Au $350,000. That’s with all the bells and whistles too. The U.S. $400k quote is dearer than I expected. So to make the move over there, I’d be hoping for an even cheaper cost of living than listed in the article.

    1 REPLY
    • Dear Judy,

      Is your house build including the land? Also is it 2 story with infinity pool, Jacuzzi AC throughout with solid granite flooring & bench tops? Also the $400K USD villas I build are 400m2 in size. Always good to compare apples with apples.


  7. Peter you seem to think it is wrong to expect to receive pension whilst over seas it actually cost the Aust government less to as you would say support the retired 1 they don’t have to pay extra benefits 2 do not cover any medical fees if you want to be frankly honest Peter you will cost the Australian gov more by staying in Aus and claim your RIGHTS

  8. I recently went for a 3 month hplus at overseas. As soon as I was out of the country for more than 7 weeks, my seniors health care card was cancelled and I had to re apply when I arrived back. ( this is as close as I can get to a pension). I was told that I was lucky to get it back, and not to leave the country for more than 6 weeks in future if don’t want to risk losing benefits. I only have to spend a little more money and I will be entitled to an age pension, but on what has happened so far. It appears that I will lose it if I leave the country! Can anyone throw any light on this situation as I would dearly love to retire to France.

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