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Real Estate

Why not buy your own Pacific island

There are currently 44 privately owned islands for sale in the Oceania Pacific region, with 24 of them in Fiji. Islands are up for sale in Australia, New Zealand, Fiji, Tonga, Vanuatu and French Polynesia.

Some of these have a price tag as high as US$50 million but others are as little (albeit not too little to most people) as US$4 million dollars. The listings can be found easily on the net.

If you had the money, why wouldn’t you want to own your private island which can be your home or rental / investment property?

The rental rate for these islands ranges from US$10,000 per day to US$70,000.

Of the 256 private islands world-wide that we found listed online for rent (at the time of researching), 54 are in the Pacific which include Australia, New Zealand, Fiji, Vanuatu, Tonga, French Polynesia, Solomon Islands, Papua New Guinea and the Marshall Islands.

The Island of Motu Tane is for sale at US$39m. Picture: French Polynesia Tourism

Private islands for sale in the Pacific are some of the most beautiful places on Earth, surely offering a journey back in time to the original Garden of Eden.

The Pacific’s volcanic history has created some amazing atolls completely removed from civilisation, famous for their romantic island mentality.

The nations of the Pacific have varying degrees of independence and some have limited freehold properties available to foreigners, all subject to government approval and the appropriate paperwork.

Fiji offers a few private islands and has seen a lot of resort development in recent times. French Polynesia – particularly Bora Bora’s coral lagoon – offers freehold investment opportunities to foreigners, with some stipulations.

Australia tends to operate on a leasehold basis, although there are some freehold properties available. The majority of New Zealand’s islands are crown land and very few private islands come on the market.

Laucala Island in Fiji can be rented and is a common place for Hollywood celebrities to visit. Picture: COMO Laucala Island

Some celebrities own islands in the Pacific and they include owner and founder of Red Bull, Dietrich Mateschitz who owns Laucala Island.

Laucala lies with its singular five star resort beyond the north-eastern coast of Taveuni. From the interior to the kitchen, the operators adhere to a holistic philosophy in accordance with the exotic nature of the South Pacific.

The publisher Malcolm Forbes bought the island in 1972 and was also laid to rest there.

American singer and songwriter Diana Ross owns Tiano Island in French Polynesia, and for many years it was her second home.

The singer even spent her honeymoon there in the ’80s. A villa in the Polynesian style and a comfortable guesthouse crown this small South Seas paradise.

Mel Gibson at home in Mago Island. Picture: Mel Gibson Twitter

Mel Gibson owns Mago Island in Fiji. He bought the island of Mago from a Japanese corporation for US$15 million and it is one of the world’s largest private islands.

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Mago offers 5,400 acres of volcanic paradise. It rises majestically to 670 feet on its eastern cliffs and is fringed entirely by protective reefs, powder white beaches and turquoise lagoons.

In 1960, Marlon Brando fell in love with the French Polynesian island Tetiaroa and he purchased it soon after. After Brando died, the executors of the estate granted development rights to Pacific Beachcomber SC.

 

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