But if the slice of paradise will only set you back $15,000 it’s not such a costly mistake to make.
Where can you secure a slice of Queensland island life for less than the price of a family car? The lesser populated islands between Brissie’s bayside and Straddie will offer you just that.
Russell Island, Lamb Island, McLeay Island and Karragarra Island have land for sale at a fraction of the price you’ll pay for a block on larger Stradbroke Island, reports 9news.com.au.
These smaller islands don’t offer the same surfside appeal or amenity as perennially popular Straddie. But boaties and those who just love to cast a line will find no shortage of waterfront on these smaller southeast Queensland isles.
Almost a thousand blocks of land are for sale and buyer activity is reportedly hotting up as COVID lockdowns ease.
On top of that, a $34 million construction project for four new ferry terminals on the islands has been approved.
So what is island life really like?
Bayside locals tend to have split opinions depending on whether they live on the island themselves or know of some people that have lived there in the past. But there’s one point people tend to agree upon: the million dollar views come with a ridiculously cheap price tag.
The trick to buying any holiday property is to do so with your eyes wide open.
Spend some time in a holiday rental first and if you intend to buy a holiday home for investment returns, then make sure you do your sums properly and get some solid financial advice.