Forum Replies Created
kp
I am now living in Australia but travel back to see family living in Nadi and have only been as far around as Sigatoka in the last few years. I used to go to Suva a lot as my mum was living there for awhile so probably not the best to ask as a bit might have changed.
In regards to Nausori it is interesting you say they have built an expat community there. I used to view it as a small ‘suburb’ to go through to get to the airport. Suva is quite close and most expats would stay either in Samabula or Tamavua. I spoke to someone last week and they are saying people are fetching up $6k Fijian a month in the two suburbs I mentioned for rentals. I would be interested in knowing what Nausori is like nowadays when you go to visit.DLPP
For a veteran forum contributor you actually achieve nothing constructive. My name is Luke I have never met Batch nor do I know tha person. Read my posts I do not paint a rosy pic of Fiji. The reason I said I will invest there is because it is where my family is living. I really would not buy any foreshore/resort investment personally yet I would buy in an established town like Nadi. Politics is not really working in an investors favour over there, nor is native title.
I see why you have over 1000 posts because you spend your time accusing people and self promoting your website. Next time try and be a bit more constructive.Grossrelisations I agree with most of what you said in regards to Fiji being reasonably volatile politically due to minority rule over a slight majority. If as I beleive will happen the great council of cheifs will recommend to the president to ask the head of the army to step down. Things could get ugly etc etc tourism could drop. Resorts and investments relying on tourisms will suffer. You must remember that this is only my opinion. The difference is that unlike the last 3 times in Fiji the question of Indian ownership hasn’t been raised and it is business as usual in Suva, Nadi, Labasa etc…the population don’t want a coup nor are they getting whipped into a frenzy.
I have lived in Labasa for 7 years and been many times back to Sigatoka etc to visit dad, brothers, sisters. I am considering investing in Nadi yet my father who has been there for 18 years still rents and is always concerned about native title claims, red tape, corruption etc which has stopped me jumping in. He has slowly come around and will be buying eventually. I will invest for different reasons ie. family based. Which brings me to mention that my father worked on the road diversion around the reef resort (Downer construction) when you were most likely there in Sigatoka, Grossrelisations so he probably knows you.
In regards to your investment Batch if you are happy with it then good on you. Resorts and resort style ownership has lasted through 3 coups, numerous native title claims etc. The population isnt stupid, they know the importance of tourism and foreign investment so I beleive it can survive. Tourism however will probably continue to be set back again and again by politics. It has recovered each time though.
In short, I am more confident if I invest there as family will look after it and I will possibly buy it with a Fijian relative as 51% owner of the investment business. The reasons are many for this and since I have crapped on for awhile I will sign off.
Just to add back into this discussion. Knowing Fiji quite well as I grew up there and family still live there. The media has definately hyped this one up early yet it is not to say that something will not happen.
You forgot to mention Batch that it isn’t just the amnesty that the army is peeved about but the fact (and most important to this discussion) that there is talk of the current government tinkering with native/freehold foreshore titles. That to me is a worry!Just be careful as the Fijian government is gearing up with capital gains tax and foreshore native/freehold titles is an issue. Selling a freehold property is sometimes difficult with the seller usually having to clear/pay back dated tax laws.
Denerau was a smash hit with land initially offered around 100K and houses only a little while later selling for $1.5M.
Keep an eye on the potential coup and possible native title claims
In the Real Estate Institute of Queensland’s ‘Property Management Agreement’ form it is split into Rent collection commission and a management fee. So you could say that the overall fee is 8% of the weekly rent.
