How Jaya bought the ‘Australian dream’ for $30,000 in Japan

Philippines News News

How Jaya bought the ‘Australian dream’ for $30,000 in Japan
Philippines Latest News,Philippines Headlines
  • 📰 SBSNews
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 89%

As home ownership becomes increasingly expensive, some Australians have decided to buy up in Japan where millions of abandoned houses, known as ‘akiya’, are being sold cheaply or given away for free.

When JayaThursfield faced the question of where to put down roots for his young family, he was torn between his home country, Australia, and Japan, the home country of his wife Chihiro.

Since buying the house, Thursfield has spent $250,000 on renovations and has documented the process on his now viral YouTube page.According to the Japanese government’s most recent data from its 2018 Housing and Land survey, there are about 8.5 million akiya scattered around Japan. But estimates by the Nomura Research Institute suggest this number exceeds 11 million.

“When we first managed to get a sneak peek of the house and got through the overgrown vegetation to the front of the house, it was just huge. The roof was massive, the size of the house was massive. I was blown away,” he said.“It was full of other people's stuff. You still had pictures of the previous owner's grandparents on the walls. There were still old noodle bowls in the sink. The kitchen was an absolute disaster, and there were still things in the fridge.

Since buying the house, the Thursfields have spent $250,000 on renovations, which the first-time renovator has documented on his now viral YouTube page. For Thursfield, every dollar spent was worth it. Earlier this year, Japan’s government began offering families who relocate from Tokyo to the countryside 1 million yen - about $10,000 - per child.

Long-time residents of Japan, Parker Allen and Matt Ketchum run a Tokyo-based company, Akiya and Inaka, that helps foreigners buy abandoned homes.There are no visa or residency requirements for foreigners to buy a house in Japan, but owning a house doesn’t mean an automatic visa or citizenship.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SBSNews /  🏆 3. in AU

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Amazing’ All-Australian honour personifies incredible turnaround of Giants star Toby Greene‘Amazing’ All-Australian honour personifies incredible turnaround of Giants star Toby Greene‘I don’t think he knows!’: How superstar found out he’d won ‘amazing honour’... by accident
Read more »

Australian house prices rise for sixth straight month as capital cities drive increaseAustralian house prices rise for sixth straight month as capital cities drive increaseLower than average supply levels have put upwards pressure on values while flatlining interest rates are boosting buyer confidence
Read more »

Australian set to become first transgender international cricketerAustralian set to become first transgender international cricketerAustralian-born Danielle McGahey is set to become the first transgender woman to feature in international cricket when she represents Canada at the Women’s T20 World Cup qualifiers.
Read more »

Dwayne ‘The Rock’ Johnson gets around new Australian NFL recruit Lou HedleyDwayne ‘The Rock’ Johnson gets around new Australian NFL recruit Lou Hedley‘Love seeing this’: The Rock gushes over new Aussie NFL star
Read more »

Icebreaker sails to Antarctica to rescue sick Australian expedition memberIcebreaker sails to Antarctica to rescue sick Australian expedition memberExclusive: RSV Nuyina steaming 3,500km to Casey station to pick up the person who needs treatment for a ‘developing medical condition.
Read more »



Render Time: 2025-03-07 10:53:19