One of our closest neighbours, Indonesia is a favourite tourist destination for Australians. Bali in particular attracts many Australian visitors and property investors every year. Property in Indonesia is comparatively cheap, making it an ideal investment.

Buying property in Indonesia

Foreigner buyers are not able to own property, but they are able to acquire the right to use land. If a foreign buyer is interested in a condominium, they may acquire a 'hak pakai' land-use title. For landed property, foreigners can either use a representative, establish a company (but not solely for the purpose of owning property), or acquire a leasehold title. Read more about buying property in this article.

Indonesian real estate glossary

Learn more about the various terms you'll encounter when buying a property in Indonesia in this article.

Obtaining finance in Indonesia

Indonesian banks will only lend to people with 'hak milik' freehold title, which is not available to foreigners, meaning they are not able to get loans. Find out more in this article.

Indonesia's property taxes

Property buyers in Indonesia must pay a Transfer Tax of five per cent, while sellers pay a Land and Building Transfer Duty of five per cent. Luxury goods are subject to a 20 per cent sales tax. Legal and agent taxes at the time of the sale, as well as annual property taxes, are also levied. Read more here.

See also:

Introduction to Japan

Introduction to Thailand