Prices drop on private island paradises

Prices for these coastal slices start from just under AU$1 million, while the most expensive is AU$67 million. Some are blank canvases for private building, while others include full five-star mansions, private docks and small airstrips.

Reasons for the reduced sales have been cited as everything from foreclosure due to filing for administration to reduced use by the owners. Whatever the reason however, with the current economic climate, Reuters news agency reports it is an ideal time to secure your own private island.

The 23.25 acre Turtle Island was once the desire of Julia Roberts, and features a spectacularly spacious home looking out to the Great Barrier Reef. Complete with pool, private jetty and helipad, the island is a top-class hideaway at AU$6.75 million.

Long Island sits at a remarkable AU$3.75 million and besides its 40 drivable tracks, hides many excellent spots for fishing, snorkelling and diving. The island also features a one kilometre airstrip and is well equipped for farming.

Also available is Temple Island and the group known as the Duke Islands, featuring three separate paradises, complete with airstrip, twin-engine aircraft and three residences.

Avoid Island lies within the waters of the Great Barrier Reef Coast Marine Park and is home to a private light airstrip, brilliantly sandy beaches and a unique nesting area for flatback turtles. Currently on leasehold, the asking price for this 63.5 acre island is just under AU$1.5 million.

Quoin Island is located just off Gladstone and is touted as one of the best kept island secrets. With 12 acres of freehold land that is shared with native Australian wildlife, the property features exclusive northern access, deep water beaches, a sand gateway for mooring, and is going for a cool AU$2 million.

The properties are available through the Capricorn Coast branch of real estate agency Coldwell Banker.