Thursday, May 7, 2009

Tropical islands for sale at recession prices

Posted By on Thu, May 7, 2009 at 10:03 AM

I've always wanted an Australian island of my own.

Global real estate agency Coldwell Banker's Capricorn Coast branch is offering 9 islands, some with luxury mansions and other amenities, around the Great Barrier Reef with prices starting at A$1.3 million ($962,000) and up to A$90 million ($67 million).

One island on offer, Long Island, has seen its A$6.5 million price tag slashed by 42 percent. Others are being advertised for almost half what they cost about a year ago.

Read the rest of this Reuters story here.

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