I have located several positively geared property deals in Vanuatu. Uncertain how to go about investing there. Any ideas
Hi Yorker
i really don’t know anything about Vanuatu, except in the past a lot of shams have come out of there, be extra careful before you part with any money – you may never see it again.
regards westan
Check on the LVR the Bank of Vanuatu will give you – I heard its about 40%. So they obviously have some concerns!
Also most of the land is owned by the chief and is on a 200(?) year lease which ends in about 70 years. Depends on your outlook, but it could become worthless if the chief announces he is taking the land back with no compensation. Too bad if he makes this announcement in 5 yars time.
I also hear that if you want a personal loan for $20k you have to have a savings account with $20k in it. Go make sense of that.
Or you could just go to Japan and get paid negative 1% to deposit your money in the bank.
Greg
There’s an Aussie couple in Vanuatu who’ve done a subdivision. They’d be worth talking to. They live there. Seen photos of their work. Ask the Embassy , Consul or whatever Vanuatu has in Oz about contact details of the Vanuatu “Ministry of Lands” there, or whatever they call it, they’ll give you a contact name and contact details.
cheers
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