NINTH Island is back on the market at a similar price to a home in one of Tasmania’s prestige suburbs.
While $1.98 million is modest compared to Dunk or Pumpkin islands, Ninth Island’s asking price is just a fraction of what a purchaser would have to fork out for islands interstate.
Following a contract that fell through, the chance to snap up this private island property off the northern coast of the Apple Isle has been described as the “cheapest freehold island in Australia”.
Ninth Island is about 1.3km long, 550m wide and it is set in the Bass Strait between Melbourne and Tasmania.
It is about 12km from Bridport and is best known as the name of a popular Tasmanian winery from which the island is visible.
Nearby Bridport is famous as the home of some of Australia’s most highly regarded golf courses Barnbougle Dunes and Barnbougle Lost Farm.
Waterhouse Island, just to the right of Ninth Island, sold a few years ago for $5.5m.
The owner of Ninth Island, Peter Huang, founder of the Yong Real Estate, suggested the next owner would have a wealth of opportunities, depending on how they best saw the island could be used.
“You could build your own pre-made villa with a solar system and rainwater on this private island for a few hundred thousand dollars plus a pontoon, then reap the benefits of capital appreciation as the worth of the completed project could be potentially be a few million dollars,” he said.
Ninth Island is described as a “paradise” for animals, including penguins, dolphins, seals and birdlife such as mutton birds.
It also has a rich history including a link to Princess Mary of Denmark’s grandfather.
His boat is said to have been wrecked in Bass Strait, with the survivors landing on Ninth Island before being rescued.
Ninth Island is mostly vacant land, apart from a small fishing shack.
Without a jetty or airstrip, this retreat from civilisation would be best accessed via helicopter.
Mr Huang has also listed his resort The Kooralbyn Valley and his Brisbane River Golf Course to free up his capital for development projects.
Buyers are negotiating with Mr Huang at the moment with hopes that a sale will be announced soon.