Buy own private island near Mornington Peninsula?

Discussion in 'What to buy' started by johnmteliza, 23rd Jan, 2019.

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  1. johnmteliza

    johnmteliza Well-Known Member

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    johnmteliza, 23rd Jan, 2019
    #1
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Now that is my dream property.

    I wonder how much it will go for?
     
    Westminster, 23rd Jan, 2019
    #2
  3. datto

    datto Well-Known Member

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    Looks like it went for auction last November.

    A chopper would be handy to hop over to the mainland when necessary.

    One could walk around in the natural and not be bothered by anyone on that island. Actually, you could start your own natural walk around tours there. Ahh, better not go there.
     
    datto, 23rd Jan, 2019
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

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    Make a big drag strip down the middle, grow some cash crops on the side.....?

    The Y-man
     
    The Y-man, 23rd Jan, 2019
    #4
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  5. TMNT

    TMNT Well-Known Member

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    any idea of rough price ??

    might need to raid my kitty
     
    TMNT, 23rd Jan, 2019
    #5
  6. johnmteliza

    johnmteliza Well-Known Member

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    $8,000,000

    It was also listed for sale for $5 million in December of 2015.
    Category: | Herald Sun
     
    johnmteliza, 24th Jan, 2019
    #6
  7. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Paul@PAS, 24th Jan, 2019
    #7
  8. datto

    datto Well-Known Member

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    lol. No, no, no. That's the old datto. I've turned over a new leaf lol.

    Well OK , a drag strip down the middle and a burn out corner would be nice.
     
    datto, 24th Jan, 2019
    #8
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  9. The Y-man

    The Y-man Moderator Staff Member

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    Maybe @chylld and everyone else on the Let's talk cars... thread can do a syndication, buy the island and build a big race track on it..... :cool:

    The Y-man
     
    The Y-man, 24th Jan, 2019
    #9
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  10. hammer

    hammer Well-Known Member

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    A race track? On an island? Just outside of Melbourne?!
    That will never catch on.... :)
     
    hammer, 24th Jan, 2019
    #10
  11. datto

    datto Well-Known Member

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    We'll call it Datto Island.

    Has to have a Macca's franchise. Maybe even the dirty bird.

    Sounds exciting. Just need 20 x $1m subscribers.
     
    datto, 24th Jan, 2019
    #11
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  12. chylld

    chylld Well-Known Member

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    State of the art racetrack including natural run-off areas, and complimentary vehicle recovery via tugboat
     
    chylld, 25th Jan, 2019
    #12
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  13. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Interesting that they bought it as an investment at $5m and were positive it would go up. It didn't sell at auction and has now been on market for quite awhile would indicate that it might not have gone up at all.

    Pretty risky syndicate to assume growth over 3yrs.
     
    Westminster, 25th Jan, 2019
    #13
  14. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    The Government could use it. An onshore resettlement waiting area. Get fisheries to breed some great whites.
     
    Paul@PAS, 25th Jan, 2019
    #14
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  15. Morgs

    Morgs Well-Known Member Business Member

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    We can do this on land which would be much more accessible and economical... I am also more than half interested in the idea :)
     
    Morgs, 25th Jan, 2019
    #15
  16. chylld

    chylld Well-Known Member

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    Or if someone in NSW has already done so, just go and drive there :D

    ss (2019-01-25 at 02.08.38).jpg

    Private circuit, only had the privilege of driving there twice, both times organised through Lotus. McLaren also do occasional trackdays there.
     
    chylld, 25th Jan, 2019
    #16
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  17. The Y-man

    The Y-man Moderator Staff Member

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    Yes, but does it have the special breed of botanicals that Datto island will have in the track infill areas?

    The Y-man
     
    The Y-man, 27th Jan, 2019
    #17
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  18. datto

    datto Well-Known Member

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    Medicinal purposes only :)

    Oh my back is playing up again. Time to chop up.
     
    datto, 27th Jan, 2019
    #18
  19. willair

    willair Well-Known Member Premium Member

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    Maybe do a start up with the forward thinking Vic government on the island ,they know full well it's bigger then BHP ..still time to buy into several below 50 cents.. I hold a few up in the up in smoke equities ..

    Victoria has high hopes of becoming cannabis bowl of Australia
     
    willair, 28th Jan, 2019
    #19
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  20. datto

    datto Well-Known Member

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    I think it's still early days.

    But to buy in cheap now may be the way to make big money in a few years time. I think the same applies with lithium etc for coming electric revolution.

    The thing with the medicinal weed is that it seems its not accepted by many. That's why it's so expensive and hard to get.

    Why the the heck are they importing it? There's enough of the stuff in Mt Druitt to last out the century.

    And you can't question the quality. Have a look at the people walking around the shopping centres. They wouldn't know the meaning of pain or glaucoma.

    Legalising the plant won't hurt anyone except wardrobe manufacturers.
     
    datto, 28th Jan, 2019
    #20
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