Live in paradise in Bali for less than half of what you'd pay in Sydney

A collection of Balinese villas aimed at Aussie buyers are about to launch with $750,000 price tags, offering paradise for less than half of the typical Sydney house price.

The 40 tropical-inspired, luxury homes are tucked in greenery in Nyanyi, north of Canggu, and a 45-minute drive from Denpasar Airport.

Aussies who want to make a life further afield, and affordably, are in the sights of the developer.

Designed by Bali-based German architect Alexis Dornier, OXO The Residences incorporate design elements that are a signature of Balinese houses. The villas come in three, four or five-bedroom options, over two levels, and all have a pool in private gardens.

The homes also have spacious terraces and leafy outlooks, nestled in rice fields, with internal sizes of 184 to 280 square metres. The communal facilities include a children’s playground, clubhouse and BBQ area.

The expanse of the rice fields informs the design. Each villa is on its own “plateau” and they are crafted from lava stone and five other materials, in keeping with the Balinese landscape and natural beauty.

Prices start at $AU750,000. The Sydney median house price is about $1.6 million – a record high.

Australians can own freehold property in Bali, but they must do so by setting up a foreign-owned company name in Indonesia, called a PT PMA (Penanaman Modal Asing). It is the most common way for an Aussie to buy a home in Bali.

Only Indonesian nationals can otherwise sign a freehold title – which includes the rights to the land the dwelling sits on – but there are ways that an Aussie can legally acquire a building on land in Bali if they meet criteria.

Developer, OXO Living Founder and CEO Johannes Weissenbaeck, said in a statement that the homes “represent our most expansive venture in the island, catering especially to Australians who want to live permanently, buy a holiday home or invest in Bali, especially given the recent option to own property here.”

Depending on the region, the Indonesian government has set limitations on how cheaply foreigners can buy, with various minimum prices to protect entry-level housing from international acquisition. There is also a maximum size of property that can to be purchased by foreigners.

The residences are close to Nuanu, which is a thriving destination of sustainable, urban construction.

The sales launch is June 8.