Ten island homes around Australia you can buy for under $750,000

The idea of owning an island escape seems like only the uber rich could afford — but the reality of an island sea change could cost you less than $750,000. Here are 10 for sale right now.

Life on an island was always a faraway fairytale many of us dreamt of, but few acted upon because of the remoteness of it all.

Enter 2020 and the phenomenon of self-isolating became not just attractive – but essential.

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Hidden paradise boasts epic gym and theatre

Although island real estate can be pricey; a historic home on Kangaroo Island was listed this week with an asking price of more than $8.5 million, and a rolling 34ha estate on Phillip Island fetched $8.15 million in August, buyers don’t need millions. Here are 10 island homes across the country with price tags less than $750,000.

Coochiemudlo Island, Queensland

It’d be hard to have a dull day living in this candy-coloured cottage.

Price: More than $399,000

A classic beach house on an island with just 750 inhabitants, this colourful three-bedroom home sits within walking distance of a 9-hole golf course and ferries. Residents have the choice of three golden beaches and Brisbane is just 45 minutes away by car.

Norfolk Island, NSW

Once a remote territory that mainlanders were restricted from buying on, Norfolk Island is now open for business for all Aussies wanting to live there.

Price: $435,000

Cows have the right of way, the phone book features nicknames and homes are sold with the furniture thrown in on Norfolk Island. This timber house has had a price reduction, features a separate studio and sits on half a hectare within walking distance to the island’s amenities.

Magnetic Island, Queensland

Even the koalas are attracted to this unique pole house on Queensland’s Magnetic Island.

Price: $497,000

Surrounded by nature including a koala corridor, this eclectic four-bedroom Queensland pole house has landscaped grounds with a pool and is located across the road from a creek where you can paddle to the local marina.

Macleay Island, Queensland

This new home is ready to move into, making it the perfect place to start a fresh island life.

Price: $559,000

A brand new island retreat, this three-bedroom house with designer finishes overlooks the bay from its deep covered deck. It is close to the waterfront and an easy drive from the boat ramp, ferry and golf course.

Kangaroo Island, South Australia

Buy a new life with a business thrown in on popular holiday spot, Kangaroo Island. Picture: Kirsten Craze

Price: $690,000

Buy 10 places for the price of one with this island deal. Kangaroo Island Cabins is a home and business meaning there is the potential to earn an income with your sea change. The sale includes three freehold titles spanning 6ha of parklike surrounds.

North Stradbroke Island, Queensland

7 Cumberland St, Amity Point

Enjoy Flinders Beach nearby or cash in on the self-contained apartment downstairs.

Price: $749,000

A contemporary family home on a quiet cul-de-sac, this four-bedroom property is just a few footsteps from Flinders Beach. There’s even a fully self-contained granny flat downstairs so you can have the family stay, or earn a little extra on the side.

North Stradbroke Island, Queensland

Step out the front door and walk right into the ocean off North Stradbroke Island. Picture: Kirsten Craze

Price: $725,000

It might need a little TLC, but the never to be built out ocean view is worth it. The classic two-bedroom cottage is ready for a makeover, but is on a big 617sq m block overlooking Moreton Bay and Peel Island.

Phillip Island

This modern Phillip Island home has everything you’d need.

Price: $729,000

A modern home that has all the latest bells and whistles, this four-bedroom house on a 780sq m block is a walk to the shores of Cowes Beach and already has a successful history as a short term rental if you’re that way inclined.

Bruny Island

For half the price of a house in some of our bigger cities, these island homes are offer an ideal alternative to living in the big smoke.

Price: More than $360,000

A quaint and colourful cottage on a grand 3066sq m block overlooking Adventure Bay, this Bruny Island retreat is picture perfect. As well as the views of the Tasman Sea, it comes complete with resident wallabies and all the furniture thrown in.

Moreton Bay Island

Picture: realestate.com.au

Price:$595,000

An orange hideaway on a Queensland island might just be the ideal alternative to the hustle and bustle. Just 100m from the water’s edge, this island property is sold fully furnished and features all the mod cons to be largely self sufficient from solar power to rainwater tanks.