All Topics / Help Needed! / Christmas Island

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of meilin08meilin08
    Member
    @meilin08
    Join Date: 2005
    Post Count: 96
    October 27, 2005 - 12:19 pm

    Hi all,

    Has anyone got any thoughts on investing on Christmas Island?

    A friend of mine bought a house/land package a couple of years back for $175,000. 1 km from the ocean but on high land so great views – can’t be built out. Block very small though about 280sqm. There are no builders there so houses are constructed in Perth and shipped over. Houses generally made of steel frames/weatherboard etc.

    Rented at $500 a month – government contract. There is a detention centre there and they are building a space centre – employees will need a place to live. No news of the casino getting back up and running yet though.

    There are house and land packages atm for $250,000. Or you can just buy the land for between $40,000-$80,000.

    Any thoughts – anyone? I am interested as I was born on Christmas Island and spent my childhood there. Probably not the best reason to invest in an island in the middle of the Indian Ocean!!!!![biggrin]

    See ya, Mei

    Profile photo of meilin08meilin08
    Member
    @meilin08
    Join Date: 2005
    Post Count: 96
    October 29, 2005 - 3:46 am

    Hi Thomasp,

    Thanks for your pm.

    Anyone else know anything about Xmas Island?

    Thanks, Mei

    Profile photo of meilin08meilin08
    Member
    @meilin08
    Join Date: 2005
    Post Count: 96
    November 18, 2005 - 3:48 pm

    Anyone?

    Profile photo of kpkp
    Member
    @kp
    Join Date: 2004
    Post Count: 509
    November 19, 2005 - 12:52 am

    Pass……
    But that $500pm must be pw ???
    Not a good return otherwise for such a high risk investment.

    Noticed in the West Australian some of the businesses ( dive shop etc) being advertised for sale.
    Apparently no tourists arriveing any more, so businesses are doing it tough.

    The place is closer to Java than Aust, so I am wondering when the Indos decide it should be part of their archiepelago and not ours ???

    kp

    Profile photo of meilin08meilin08
    Member
    @meilin08
    Join Date: 2005
    Post Count: 96
    November 19, 2005 - 4:09 am

    Yes sorry I meant $500 p.week.

    True – it is closer to Indonesia…A long time ago CI used to belong to Singapore.

    Mei

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.