You must be cashed up Oliver
Looks nice in the pics but when its blowing 25 -30 kts from the SW it will be just miserable, covered in spray and freezing cold.
Mind you I will still go for a windsurf just near there tomorrow if the above forecast holds up.

Yeah its a scenic area we just spent 3 mths working on the new Saphire resort overlooking that Island every day what a veiw

The main building made to look like a stingray looks out over the Island.

If they bought it for $65k a few years ago what makes it worth the big bucks now.

It seems to have all sorts of caveats on what it can be used for and is apparently leasehold and located in a cold arse part of the world.

Unless you can make a good buck out of it, what is the attraction of owning an island anyway?? A logistical nightmare to say the least.

We had a 50 acre island just north of Bundaberg that we would advertise for $35,000. It would make the phone ring with all the desperates, dreamers, idealists and numb nuts amongst whom would be the odd sane person to whom we would sell a 40 acre block across the road from the beach for $25,000.

That was in the late 80s, early 90s. Those people are now big winners as their blocks are now worth $400,000 to $500,000. Very few of them drop around with a carton of grog as a thank you for conning them into the best investment they will ever make in their lives. Like none!!! They just whinge about you not getting them $50,000 over the market price for it when they want to cash out.

Don't you ever trust a real estate sales person though.

oliver said...

cisco said...

If they bought it for $65k a few years ago what makes it worth the big bucks now.

Greed?

That is the motivation but it needs more than that to get the price.

a lot of cash for a tent site