All Topics / The Treasure Chest / Investing in Bali

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  • Profile photo of suzieqsuzieq
    Member
    @suzieq
    Join Date: 2003
    Post Count: 149
    September 21, 2003 - 6:53 am

    Hi guys, just curious as to if anyone out there has ever invested in Bali?

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414
    September 21, 2003 - 7:07 am

    I know someone who has (with some kind of syndicate) just purchased 10 brand new beachfront apartments for equivalent of about 96K NZD each. Negatively geared of course because there are no tourists or renters there at the moment! But hoping for huge cap gain in ten years (intended time of holding, at least.)

    Then I heard from a friend whose Dad lives 1/2 the year in Bali that you can’t buy property there – only Balinese can. So would have to do joint venture with a Balinese.

    let me know what you find out. would be interested. bali is a faaaabulous place.

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974
    September 21, 2003 - 4:46 pm

    Hi there,

    Just to add onto Mini’s advice. Many ex-pats live out there, mainly in areas like Sanur.

    Cheers
    Sleepy Sooshie [:)]

    “small steps make the journey” (SAS)

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