Island

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Elizabeth Island, the island off Western Port Bay in Victoria, has been given an official $6.95 million asking price.
The <a href="https://www.realestate.com.au/property-other-vic-elizabeth+island-127562654" target="_blank">26 hectare private island</a> has been on and off the market since 2014, with prices ranging from $5 million to $10 million.
Its listing last year through RT Edgar suggested a sale would occur with a $4 million bid. Former IT and management consultant and psychologist Anne Tillig has owned the island since 1996.
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Century21 Home Port agent Phil Bock is now marketing the property as having the potential to "offer the lot to one million tourists already passing by".
Near French Island off the coast of the Mornington Peninsula, the private owned island has little more than a three bedroom fully off-grid home and a jetty.
It is now zoned for tourism, which means up to 20 villas can be built, subject to planning approval.
 
 
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Elizabeth Island given $6.95 million asking price

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Sandstone Island, which is an island off the Mornington Peninsula, has been listed for sale.
Ray White Rural Victoria agent Jason Hellyer said <a href="https://www.propertyobserver.com.au/https://raywhiterurallivestock.com.au/properties/rural/vic/hastings-3915/other/1981414" target="_blank">the 22.25 hectare island</a> was a “blank canvas”.
Buyer feedback had ranged from $3 million through to $5 million, according to the Herald Sun.
The island is 600 metres off the coast, about 1 kilometre from Hastings.
It is accessible via boat or helicopter.
The property was been offered by a consortium of five Melbourne-based families.
It features a two-storey red cedar house that has fallen into disrepair.
There are two private beaches and a mooring site for watercraft.
Sandstone Island will be auctioned November 21.
In early times the island was used as a heifer station in the 1840s.
By the 1890s a young occupant was able to walk across at low tide to school at Hastings.
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Sandstone Island off Mornington Peninsula listed for November auction

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The beachfront Base Backpackers on Magnetic Island has hit the market.
Tenanted to Base Backers of Tourism Adventure Group, the property at 1 Nelly Bay Road sits on a near 1.1 hectare site fronting the water.
The main building occupies a total area of 1,244 sqm and the accomodation is in huts and campsites.
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There are a total of 186 beds, 11 campsites, a commercial kitchen and a swimming pool.
Savills Hotels senior executive Christian Tsalikis says the offering will stand as a secure investment, underpinned by the lease to Base Backpackers. 
“Tourism Adventure Group owns and operates 28 backpackers across Australia and New Zealand through their three brands – BASE, NOMADS, and UNITED,” Mr Tsalikis said. 
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Tsalikis is handling the marketing with Leon Alaban, Savills Hotels director, who said the unparalleled location attracts both international and domestic tourists who want to experience the best of what Queensland has to offer.
“The offering provides investors with the ideal beachfront asset, a solid covenant with a lease to Base Backpackers, who operate a business that procures an excellent trading history."
Offers to purchase close December 5.
 
 
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Base Backpackers on Magnetic Island hits the market

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Worthington Island, a 28 hectare island off the Queensland Coast, has been listed at $385,000.
<a href="http://australianislands.com.au/listings/australias-most-reasonably-priced-island-must-be-sold/" target="_blank">The island </a>is priced at around half the median house price in Brisbane. 
Set off Gladstone Airport, it has been offered through Private Island Australian agent Richard Vanhoff. 
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It is within a 30-minute boat ride to the mainland.
The home is about 9 x 4.3 metres with a side awning of 9 x3 metres and a front awning 6.2 x 4.3 metres.
It comes with a shower area, lockable access door, gas stove and 240v fridge and deep freezer including 240v power points.
Other features include solar power panels on the roof, wind generator, welder and machinery. 
There are 18 mango trees, a Carambola tree, and bee keeping boxes (active) and plenty of natural flora and fauna, with orchids scattered all over the island.
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Worthington Island is on a lease from the Department of Natural Resources and Mines — with eight years left to run.
But a 25-year renewal could be sought, Vanhoff advises. 
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