Currency in Vanuatu from AustraliaVanuatu Currency from Australia
This page provides information about the Vanuatu press, people and embassies. In addition, you can use the below proposed quick link to check cash transfers if you plan to wire funds to Vanuatu and avoid costly charges, whether you wire funds on-line, by cell phone or in private with a favorite provider.
Vanuatuan residents in Australia or New Zealand are charged different bank charges when they send money to Vanuatu according to which carrier they opt for, and as an unbiased and independent legal services, our goal is to offer you the easiest means to help you make the right choice for your needs. There were 990 Australians in 2006, all of whom were native to Vanuatu.
Australian embassies & consulates: New Zealand embassies & consulates:
Aussie Dollar(AUD) to Vanuatu Vatu(VUV) Exchange Rate Today
Here is the page from Australian Dollar (AUD) to Vanuatu Vatu (VUV) converter, below you will find the current rates of exchange between them and will be refreshed every 1 minute. This shows the currency translation rates for both of them. You can also view the histories of these currency pair by selecting the timeframe in which you can get more information.
Do you want to reverse the currency pair? For more information, please see Vanuatu Vatu(VUV) To AUD. Add a shortcut to this page - if you would like to place a shortcut to Australien Dollar(AUD) To Vanuatu Vatu(VUV) Exchange Rate, please copy the HTML from below into your page:
Earn cash in Vanuatu
Investment in a seaside mansion in the breathtaking South Pacific may seem like a wishful fantasy, but purchasing a home in paradise is more viable than you think. Both Virgin Blue and Jetstar operate flights directly from Australia to Port Vila, the country's capitol, and the town is an integral part of P&O's South Pacific liner service.
Corresponding to Island Realtors in Vanuatu, fund profits in home ownership and open country have been best in major areas such as the harbour area where you have the opportunity of enjoying good waters and dusk sights. If you are an Aussie investment, you can buy a home or mansion that you are renting to vacationers or full-time lessees.
They can also be invested in residential areas where you have full local administration to take charge of operating, renting and servicing the investments on your name. As an alternative, if you want to reside in Vanuatu, you just have to buy more than $60,000 in property, as this allows you to obtain your Vanuatu Investments Promotion Authority (VIPA) license.
Vanuatu has many projects to promote its development, but nothing is carved in stones. That is a topic the country's tourist industries want to tackle so that they can welcome air travel - and thus more holidaymakers - from destinations such as China and North America. However, until then, Vanuatu's present economy is constrained by its existing infrastructures.
Those who want to invest in Vanuatu should therefore take a long-term perspective, as you may not see enormous asset expansion in the first few years. There are two basic options: you can arrange financing with an Aussie creditor or a Vanuatu based financial institution. "If you already own a home in Australia and use it as collateral, the only way to fund it is with an Aussie lender," says Linda Clucas, Personal Mortgage Adviser at Smartline, Mordialloc.
"You can only take out a loan in Australia for an offshore sale if you have sufficient capital in your possession to raise loans against," says Kim Wight, Personal Growth Adviser at Smartline, Oatley. When you own your own home in Australia and it is valued at $500,000 with a $200,000 loan, you have $300,000 upfront.
They could use this capital and draw $200,000 to buy a home or plot of real estate in Vanuatu. That would raise your home loans in Australia to $400,000. "That' s why your bank would want proof of the sales agreement for the real estate you buy overseas," says Wight. Vanuatu has four banking institutions to help you buy your property:
"But that doesn't mean that you can get the credit from here, or that the whole thing will be simpler if you're an established client in Australia," explains Wight. They also have to pay attention to currency fluctuation. Like when buying a home in Australia, you should allow for around 10% of the cost to meet the outlay.
Stamping duties are 2% of the cost of the goods and the Ministry of Land and Treasury charges 5% of the selling prices. 5 percent VAT from your lessee and paying it to the state. Like with an Aussie investement you have to charge a charge of 7-10% to your caretaker or local managers to administer the rent on your name.
When you own a home in an area of the city, your local waste disposal fees will cost you around $200 per year. For all real estate, costs for power, hydraulic, gas and heritable building rights are incurred; the heritable building right interest is payable on an annual basis and charged according to the uncorrected value of your area.
The whole country of Vanuatu is known as leased country. If you buy a real estate on a leased plot, you have a "lease" for a term of up to 75 years. At present, this is 10% of the "unimproved value of land" (as determined by the government's valuation unit) for municipal plots or 2% for rustic plots, plus any administration surcharges.
You can also make a deduction for real estate-related expenditures, such as interest on mortgages and house administration charges.