Today's Bargain: Australia's Islands

By Erika Solomon,  Newser User
Posted Apr 28, 2009 9:34 AM CDT
Today's Bargain: Australia's Islands
Even with big discount packages, the old crowds won't be coming back this year.   (Getty Images)

No man is an island—but now is the time for him to own one. Australia’s ritzy Queensland island resorts are going for bargain prices, but between the recession, a slew of natural disasters, and a nasty oil spill, no one’s biting, reports the Telegraph. Dunk Island is on the market for half of its last sale price of $36.4 million, while Turtle Island, which Julia Roberts once considered buying, seeks “any reasonable offer."   

More than 30 islands are up for grabs; some have been on the market longer than 6 months. Buyers are scarce because the island resorts are expensive to run, and the tourism industry in Australia has hit a dry spell: one group predicts up to 29,000 such jobs could be lost due to the recession. (Read more Queensland stories.)

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