Purchasing Island Good for Investment?

Does anyone here own any islands close by?are they worth doing for property investment? Seems hard to purchase, I’m guessing they sell just like normal properly but for a little extra more.

Comments

  • +29

    Australia bought Tasmania and it has terrible.

    • +11

      Terrible what?

      • +15

        Terrible little extra more.

        • We should move all the bludgers there and sell it to New Zealand. Then we could pay for a decent national network of roads, railways, hospitals and internets.

        • +1

          @Scrooge McDuck: We should sell New Zealand to Tasmania, much further away.

        • +13

          @Zedsdeadbabyzedsdead:

          We don't own New Zealand…

          .

          .

          .

          yet.

        • +1

          @Scrooge McDuck: it's as impossible to ship out all the blisters as it is to ship out all the poor.

          As you ship them out you create a new slightly less bludgy class of bludgers as the bottom end is always considered bludgers by the top end…

        • +3

          @Slippery Fish:

          Sure, but we'd be left with a better class of bludger.

          We wouldn't even need to ship them! We could just advertise free pokies, goon and winny blues in Hobart. We can call it Operation Moneypot, it'll be like Woodstock for bludgers.

          I'll post it up as a deal on Sunday…

        • -1

          @Scrooge McDuck:

          And then they will discover the replacement to crude oil there.

        • +1

          @TheBilly:

          That's OK, they're all pacifist greenies anyway.

          We'll just need to find some "evidence" of "WMD" and move in under Operation Forest Storm.

        • @Scrooge McDuck: How about just taxing business instead of allowing the wealthiest ones to pay less than 2% tax.

        • @Diji1:

          How about interpreting an obviously absurd comment literally?

        • +1
        • @Scrooge McDuck: Soylent Green.😉

        • +1

          @Scrooge McDuck: If the government had 1 trillion dollars to spend on infrastructure projects, they would still waste it.

        • @Scrooge McDuck: We did but gave it back to them NSW gov it

      • +21

        Australia bought Tasmania and it has terrible.

        Terrible what?

        Genetic diversity.

        • +3

          I thought the corporate and political welfare bludgers were a much bigger problem than the poor?

        • +2

          @EightImmortals:
          They are but they dress nicer

      • +2

        Terrible covfefe

        • I thought the covfefe was pretty good!

  • +28

    Let’s try something. Nobody answer his question. He never comes back for follow up or to thank people for their thoughtful responses.

    • +2

      At least we may know the answer to the question, how long does it take money from On-Line Casino to be credited to a bank account

    • +2

      I'll just thank everyone instead. ^_^

    • -3

      I’m sorry but for your information I do get back to responses, just to correct your justification. There’s no need to start blant arguments just for your sake.

      • +2

        https://www.ozbargain.com.au/node/357772#comment-5574478

        I think that's a good start.

        And looking at your last few questions that Google could've answered, it seems you only get back to ask more questions, never to thank those that answer your questions.

        • +1

          Lol he never replied on this thread other than that one comment.

  • +7

    you have to think properly before buying property

  • +4

    I miss the posts from the other guy who's filthy rich and helped his friend stay at his home who owns an expensive cad and worked in an island with his wife who's mother gifted them expensive paintings

    • +3

      JarJar - ahh yes, and the plot thickened when there was another lass (on this forum no less) who became a friend but then publicly fell out; who stated that he & his wife were one & the same person who posted things to bring joy to their wonderful life - who knows what things are happening to his life in the land that time forgot.

      • who knows what things are happening to his life in the land that time forgot.

        He's still around, but with a different user name now —> https://www.ozbargain.com.au/user/102420

        stated that he & his wife were one & the same person who posted things to bring joy to their wonderful life

        where's that post lol?

  • +7

    Here you go, auction 2nd May

    http://m.allhomes.com.au/listing/175078316?mode=buy

    Not too far from Canberra

    • +1

      Love the name of the restaurant nearby:-
      Cooradigbee Homestead, home to the exceptional Duck ‘n Fishes Restaurant.

    • For those interested it sold for $700,000.

  • +15

    I own a boat mooring. The development prospects aren't great but at least it floats.

    • +10

      Could be a choppy investment.

      • +12

        It's been awash with interest.

        • +9

          And has amazing growth potential…

          Barnacles, oysters, you name it!!

        • +10

          @Scrooge McDuck:

          I'm still salty over my last maritime investment.

        • +8

          Sounds too fishy to drop anchor on this, I'm afraid I've got to let this one sail

        • +2

          Sounds like a bottom of the harbour scheme.

  • -4

    I heard $80k European cars are better high yield investments.

  • +6

    I'll sell you the UK, but I need your bank details to verify who you are!

    Very good value once it leaves the EU.

  • +2

    I bought an island in the sea of tranquility

    • +1

      How do you feel about NASA leaving their junk cars and other crap there?

    • +2

      Sheer lunar sea!

  • +15

    Why buy, when you can just turn up to an island in the South China Sea, claim that it's yours and then put a military base on it?

    • +7

      You should use the USA instead of China as an example.

      China has done this twice on islands right next to it's mainland whereas the USA has done this all over the Pacific tens of times. One of the islands that China claimed wasn't even really an island and had no people at all living on it.

      The US exploded atom and hydrogen bombs on some of them after moving the former inhabitants into ghettos on other islands against their will of course.

      USA is a much better example.

      • Thats not true, the only Islands that the USA took by force are the Hawaiian chain. The others are prizes of war after the defeat of Germany and Japan.

    • Or just build your own island!
      Sand is free at the beach if you don't get caught!

      • Everything is free if you don't get caught

    • newdad: you need to learn how to do research. Firstly most of the islands are actually sand banks in areas, after which China has then proceeded to dredge and build up to create actual islands above sea level. Theres not much difference between Chinas constructions and the follies that Dubai has built off its coast and tried to flog for millions.

      The problem is the USA doesnt like being outsmarted in this case by the resourceful chinese, who are simply adding the infrastructure because internatinal law requires islands to be habitable. Then again Australia also claims several sand banks eg Ashmore Reef which are underwater most of theday.

      • Still not legit if the same sand banks are in areas legally claimed by Philippines, Malaysia etc. Still, I guess that its the biggest, most threatening bully that gets their way is how the school playground works, so maybe it's naive to expect international relations to be any different.

        I think that you'll actually find that Ashmore reef has been explicitly excluded from Australia's migration zone.

        • Still not legit if the same sand banks are in areas legally claimed by Philippines, Malaysia etc

          International law says you cant claim sand banks, which is why China upgraded them into proper islands.

          I think that you'll actually find that Ashmore reef has been explicitly excluded from Australia's migration zone.

          You missed the point that it is AUSTRALIAN SOIL, even though the reef and the sand banks there are mostly underwater all day. Migration zone is a notion invented by the Australian government, they are two completely different concepts, we arent discussing migration zones.

        • Still, I guess that its the biggest, most threatening bully that gets their way is how the school playground works, so maybe it's naive to expect international relations to be any different.

          China hasnt bullied anyone, simply because tehre was NOBODY on those sand banks before. to imply they bullied someone means they pushed someone off etc, which they have not done.

        • @ninetyNineCents: building islands in waters belonging to another country and then "claiming" those islands and surrounding waters with the threat of military action sounds like bullying to me.
          Some of what you describe as 'sand banks' were vegetated, which sounds like an island to me, even if only an uninhabited one.
          By my definition, making threats that sailing international freedom of navigation routes will be interpreted as provocative sounds like bullying.
          BTW, I'm not particularly concerned about whether the Americans have been outsmarted. As far as I know, they aren't a claimant to any of the waters or islands. Also, my view of the current US government is that it wouldn't take a lot to outsmart them.

          In any event, my original comment was meant to be taken as sarcastic humour, so even if I'm wrong, does it really matter?

        • -1

          @newdad:

          building islands in waters belonging to another country and then "claiming" those islands and surrounding waters with the threat of military action sounds like bullying to me.

          First of all those "waters" do not belong to anybody, nobody owns claims of the sea. The South China Sea has many overlapping "claims" from countries other than china.

          Your claims of ownership are bogus.

          Some of what you describe as 'sand banks' were vegetated, which sounds like an island to me, even if only an uninhabited one.

          Like ?

          Seaweed is a vegetation and often completely underwater, that doesnt make it habitable.

          About 30ish years ago, the UK claimed a "rock" hundreds of kilometers from Scotland, and that included dropping a naval person for a few days, to enforce their claim of it being habitable.

          Rockall is just a rock, no plants, no trees, just waves bashing this rock.

          y my definition, making threats that sailing international freedom of navigation routes will be interpreted as provocative sounds like bullying.

          The waters immediately near to the islands claimed by china using the above mentioned methods are NOW chinese waters, not international.

          It is the right of ALL countries to control their immediate waters. Canada also wants to control the same waters around the north west passage, and Chile and Argentina do the same for various channels at the tip of South America.

          Australia also controls who can sail in its waters like Port Philip.

          You are making yet another BULLSHIT claim, those waters (parts of the SSC) are NO longer international they are chinese. Thats their right by way of their island claims.

          Also, my view of the current US government is that it wouldn't take a lot to outsmart them.

          Thats right, thats what china did.

          What you dont understand is the US wants every advantage, thats not how international law works. China has invested the money and resources to grab those islands using the law.

          In any event, my original comment was meant to be taken as sarcastic humour, so even if I'm wrong, does it really matter?

          Of course this isnt serious. Nobody is going to die, im just pointing out you are wrong on multiple counts and most if not all your statemwents are backed by mistakes.

        • @ninetyNineCents: hi 99c, thanks for the discussion, I've learned a lot and you've given me some things to think about.
          I still don't think that it's morally or ethically right that one country can just take possession of an island, sand bank or waters that are subject to competing claims and seek to deny or exclude the competing claims by using their military.
          That said, i can also accept that Australia's history as a British colony also challenges the same moral and ethical view, so maybe you've helped me identify a double standard?

        • @newdad:

          I still don't think that it's morally or ethically right that one country can just take possession of an island, sand bank or waters that are subject to competing claims and seek to deny or exclude the competing claims by using their military.

          Perhaps but thats how the world has always worked.

          That said, i can also accept that Australia's history as a British colony also challenges the same moral and ethical view, so maybe you've helped me identify a double standard

          Most international ramblings such as these are full of lies and half truths that arent remotely accurate in fact or reference to international law.

          When was the last time in a moment or warm or cold tension that anybody actually told the truth ?

          Today Saudi arabia sits on the UN human right council…and where is the US ?

          google -> saudi arabia human rights un council

  • +3

    I'll talk to Gilligan about it.

    Signed. The Skipper

    • +1

      Don't forget to whomp him with your hat.

      • Oh but that Ginger…. wowzers

  • Own in what sense? Own the rights to develop it/etc, or own as in sovereign ownership?

  • +1

    I’m guessing they sell just like normal properly

    You are properly right.

    No public transport, not close to shops or schools, hospitals. Some have problems with Pacific Islander gangs.

    It is like normal property.

  • +1

    Have you tried NZ? I heard it might be for sale.

  • Then….
    You may also have Storm & Tidal problems.

    The way that the climate is going, pack your floaties.
    Me…. I will probably end up with an Ocean-view frontage. (I now live 15kms from the beach)
    I really "feel" for the "poor people" that have to live on, or near. the coastline.

    But then we have the governments "Flood Mitigation Program".
    Has anyone told them that you just CAN"T hold back the tide?????

    • china built the 60 storeys high three gorges dam to hold back tide

  • I've got an island in the harbour for you OP. ;)

  • +5

    I am planning of buying a pedestrian island and start charging people for using it.

    • +2

      Is that you Shkreli?

  • Guys when winter starts

  • I bought an island and filled it with investment Audis

  • Australia is not for sale!

    • +5

      The government already sold it to the Chinese

    • Already sold to China to a great extent. Soon Chinese will be the official language. ;-)

      • I've always wanted to learn a new language. Will it be Formosa, Hakka or Hokkien?

    • +4

      The lack of any controls on foreign political donations says otherwise.

      Australia is sold to the highest foreign bidder while the moronic population panics about Russia steering elections via Facebook marketing.

      • +3

        Diji, you obviously aren't reading enough Breitbart or Fox News feeds. Get with it… the average punter just doesn't care enough about the world (especially politics) unless it directly impacts or reinforces either:
        a) their standard of life (incl. food, bills, cars, houses);
        b) their culture;
        c) their, already formed, biases
        And after all that they'll just listen to the bright sparks who are "commentators" to tell them their opinions which they will parrot & reaffirm as their own.
        Interesting to note that the general populous wouldn't even know from which country the most prevalent foreign donations come from (there aren't any stats on those) - but if you scratch the surface a little you'll find it's much further than China or Russia.

  • +1

    I did see on the news, quite some time back, a privately owned island for sale. I would like to purchase one, one day. It would not be for investment purposes though. More a home/holiday-home to be away from everyone and everything (except for the people and things I choose to be around) .
    I just did a quick check online. Seems you can pick up an island right now for as little as 1.3Mil US Dollars.
    Of course, check into this site further before giving any $$ .
    https://www.privateislandsonline.com/region/australia

  • Check the High tide mark…

  • +2

    You don't buy islands, you send a gunboat and take them. Read British history, Hong Kong, Singapore, Ireland, etc. Too easy.

  • I bought a little piece of Australia. Am happy with it so far.

    • Take a big dump in the middle of ocean
    • Island
    • Sell it
    • Profit
    • Repeat
    • Crap idea, mate.

  • Is nice to have island until the water levels rise up too much.

    • Thats when you start singing that song from little mermaid "UNDER THE SEA!!!

      • +5

        There will be no accusations, just friendly crustaceans.

  • +1

    I believe we are all living on New Zealands West Island

    • The continent of Zealandia doesnt include Australia.

    • Which will be ours again soon eh cuz!? First start with re-introducing the game they play in heaven to these heathens.

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