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Private Islands At Recession Prices

by Administrator 8. May 2009 00:00

With several islands off the Great Barrier Reef being “foreclosed” due to filing for administration, Reuters news agency has reported that now is the best time to bag a bargain.

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Global real estate agency Coldwell Banker’s Capricorn Coast branch has nine beautiful islands on offer starting at just under $1m. Although thats the price of an average beach front apartment in California, it includes a luxury mansion. The most expensive is $67m.

With some of the islands boasting a full 5 star complex, private docking facilities and enough space to build an expandable airport, it is no wonder that those who can survive the recession are already registering their interest.

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Tags: private, islands, cheap, recession, 5-flavas, lifestyle

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