NSW farming island hoped to attract luxury buyers

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Yet another coastal NSW farming island has been listed, and its agent thinks it might be snapped up by a luxury home buyer. Urunga Island, a 134-hectare undeveloped island in between the Bellinger and Kalang rivers at Urunga, has been owned by one family for the past 40 years.

Real Estate of Distinction agent Peter Stone, who is marketing the property, says it offers the perfect tranquil retreat.

“I believe a retreat, a private getaway would be perfect, because there’s no bridge over to the island,” he says. “The only way onto the island is by boat or helicopter.”

Stone hopes to secure up to $6 million for the island, which is currently farmland but has development application approval for residential dwellings. He says it would be a perfect retreat for those who value their privacy.

“Dick Smith would be a perfect for it – he has his own chopper and wants his own peace and quiet,” Stone says.

The island is 20 kilometres south of Coffs Harbour, in a fast-growing area of the NSW coast.

“It’s one of the most beautiful parts of Australia, with lots of retirees, tree changers, sea changers, and people who want to get out of the city,” Stone says.

There are currently no residential buildings on the island, and Stone expects the new owner will likely use it as a retreat, rather than living there full time.

“I would see it as someone who’s likely to fly in and out,” he says.

It follows the sale of Burruga Island, a 121-hectare  Shoalhaven River island, also in NSW, in late June. Burruga Island sold to a Chinese investor for $2.5 million.