Itโs not uncommon to sell properties that offer a slice of island paradise – but itโs not every day an entire island comes up for grabs.
Listed by McGrath Noosa and currently for sale through Openn Negotiation, the almost-53 hectare Bandicoot Island is nestled between Fraser Island and the mainland and is surrounded by the crystal-clear waters of the Great Sandy Strait.
At present, the highest bid for Bandicoot Island stands at $200,000, with seven qualified buyers vying for the property.
With nature-based tourism ventures as the councilโs preferred land use, the commercial possibilities for investors and developers on the island include an eco-resort or glamping. However, for some of the interested parties, thereโs another, more altruistic option.
โOf the seven current bidders, a few are wanting to buy it to leave as-is, as a kind of gift back to society and the planet,โ said selling agent Matt Powe.
โThe first lady who bid literally said, โI want to buy it and do nothing with it.โ Itโs incredible.โ
Mr Powe felt that facilitating the sale of the island – which clocks in at 1400 metres long and 649 metres at its widest point – through Openn Negotiationโs transparent digital bidding platform was a no-brainer.
โWith a property like Bandicoot Island, you donโt want to over or under-price it, and the location isnโt really suited to an on-site auction. In the past Iโve had success with selling hard-to-price properties through Openn, so it really was the logical choice.โ
Openn is an online platform used by real estate agents to facilitate more transparent property sales.
The end-to-end solution provides buyers with real-time feedback through their device on how much competition exists and where their price stands in the negotiation โ resulting in an optimal sales outcome for the vendor.
The final bidding stage for Bandicoot Island is due to commence at 6pm on Tuesday, July 6, 2021, unless sold sooner.
