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3 Waterfront Places Where You Can Rent for $500 per Month or Less—Internationalliving.com/au

October 16, 2018 Statistics & Trends No Comments Email Email

Despite, Australia’s housing problems, residents should take heart according to the editors at Internationalliving.com/au. In a new report, they reveal three places outside Australia where you can rent for $500 per month or less…

Source: InternationalLiving.com/au

Accommodation is one of the main costs in most folk’s monthly budgets. The average cost of a one bed apartment in Melbourne is over $900 per month while a one-bedroom apartment in Sydney goes for $450-$550—per week.

One of the ways to save big overseas is by lowering this cost. In many places International Living Australia recommends, expats can rent for $500 a month or even less.

And, with less spent on housing, there’s more money to spend on other things—like travel, eating out and entertainment.

The International Living Australia report details three top destinations where you can rent for $500, or less—close to home in Southeast Asia.

Kep, Cambodia

Kep, a coastal region in southern Cambodia, known for its seafood, is one of the hottest up-and-coming coastal resorts in Cambodia with its popularity steadily increasing, especially during the past decade.

Established by the French colonial authorities as ‘Kep-Sur-Mer’ in 1908 as a coastal retreat for their families to escape the hot season, Kep soon became referred to as the “Saint Tropez of Southeast Asia” due to similarities with the French coastal resorts it had been modelled on.

Kep is not known for its nightlife in the way that Phnom Penh is—and for that reason many expats are drawn to its peaceful and serene atmosphere. It’s the perfect location for expats seeking a quiet, picturesque and affordable coastal retirement.

Property rentals can be more affordable than Kampot and Sihanoukville but there is a much smaller range of available properties to choose from. A one-bedroom, one-bathroom, Khmer-style bungalow close to the heart of Kep, not far from the main roads but still in a peaceful area goes $340 per month.

Penang, Malaysia

The island of Penang, Malaysia—where English is widely spoken—is an expat hotspot. As one of the easiest places in Asia to retire to, the Malaysia My Second Home (MM2H) visa program allows foreigners to live in Malaysia for up to 10 years and is one of the most flexible visa programs in Southeast Asia.

Many expats find their homes on the island’s north side, where the housing options are abundant in the coastal towns, as most expats want to live near the water. In Batu Ferringhi, rentals are a bargain.

If you’re looking for an unfurnished condo in Batu Ferringhi, Miami Green has a 1,087-square-foot apartment with a balcony,” says expat Kirsten Raccuia.

“It has three bedrooms, two bathrooms and comes with car parking. It’s in a gated community with a basketball court; two large pools; badminton, squash and tennis courts; and a mini-mart. There is also a modern gym and a jogging track. It’s located just up the hill from the beach and food stalls, so you won’t have to go far for a little R&R. At $410 a month, it’s a steal.”

Vung Tau, Vietnam

The southern Vietnamese city of Vung Tau lies between two mountains on a small peninsula which juts out into the South China Sea. There’s a rich and varied history here, over the centuries it’s acted as a safe anchorage for European trading ships, a headquarters for plundering Malay pirates, a retreat for Vietnamese royalty, home to a former French president and an R&R spot for soldiers during the Vietnam War.

Today, this prosperous city is the heart of Vietnam’s oil and gas industry and home to around 450,00 souls. Numbered among them are a growing number of shrewd expats who’ve taken advantage of the low cost of living, convenient location and laidback lifestyle which Vung Tau offers.

The great value on offer here is one of the big selling points for Vung Tau’s expat residents. For less than $400 you can rent a modern, air-conditioned apartment, minutes from the beach, with ocean views. Hundreds of restaurants serve up delicious local specialties like pho (rice noodle soup), banh mi (filled baguettes) and com tam (rice with barbecue pork) for less than $2, making it easy to eat well for less than $10 a day.

Wangaratta native Glenn Nolan, 57, fell for Vung Tau’s charms over a decade ago. “I think Vung Tau is the most underrated place on the coast,” says Glenn. “Most people have heard of Mui Ne, Nha Trang and Da Nang, but Vung Tau has remained a bit of a secret.” And the low cost of living certainly doesn’t hurt either. “Why would I pay $11 for a pint in Melbourne when I can get a beer for $1 over here?” asks Glenn. “Here you can afford to go out and eat every night of the week if you want.”

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