Island getaway sold

A Melbourne couple bought this Burrinjuck Dam island for $700,000.

Wade Island on Burrinjuck Dam near Wee Jasper has been sold after gaining national media attention.

Contracts for the 227-acre island were exchanged with a couple from Melbourne, who plan to use the island as a private holiday venue for their family.

The island was sold for $700,000 after the couple viewed a segment about the island on Channel Seven’s Sunrise morning program.

Selling agent Karen Herrick from LJ Hooker, Moruya, said Channel Seven in Melbourne ran a news item about the island and she received 30 to 40 phone calls from interested buyers.

“But after it was on Sunrise, it went crazy from there and I got 177 inquiries,” said Ms Herrick.

Ms Herrick said it was the first island she had sold, and for a private island the price tag was quite cheap.

“People thought owning an island was a wonderful idea until they realised how much money would be needed to be spent to make it interesting,” she said.

“It was 227 acres of bush with no infrastructure and the owners would need a helicopter or barge to bring equipment and goods across to the island.”

Interest in the island came from varied sources.

“One guy wanted to know if it would be good for extreme paintball adventures,” Ms Herrick said.

“Another wanted to put his cattle on the island to keep them safe from poachers.”

Other discussions about the island’s use spanned from church group getaways to corporate retreats and a koala sanctuary.

“I got a lot of really strange questions by people interested in the island,” Ms Herrick said.

“Someone wanted to know if the water around the island had oysters. I had to explain the island was inland and surrounded by freshwater.

“Another person wanted to know if there was no water connected to the island how a potential dwelling would get water. I then explained about water tanks.”

Wade Island was to go under the hammer in early May, but the auction was cancelled when selling agents realised there was greater potential by announcing a proposed sale figure.

They proposed sale figure was $600,000 to $650,000. The island last sold more than a decade ago for less than $500,000.