The Brisbane Times recently published an interesting article about what is happening in there private islands market. The article notes that there are currently more than a dozen islands on the market in Australia right now. Here is what the article has to say.
Julia Roberts tried to get a slice of Queensland when she tried to buy Turtle Island, off Rockhampton, over a decade ago. She offered about $3 million then and missed out by a few hundred thousand. The island has just sold again for close to $5.5 million.
The article also discussings how one goes about selling an island in Australia, noting…
“Private islands, despite their undeniable romantic appeal, are difficult to sell, and tend to remain on the market longer than other types of residential or recreational property” according to Private Islands Online – a website dedicated to selling exotic islands.
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