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Thursday, May 7, 2009
News Tropical islands for sale at recession prices
Posted By Kimberly Lawson 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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