City Apartments And Your Own Tropical Island Now Cost Basically The Same Amount

Buying your own tropical island seems like the kind of dream that’s only affordable if you’re a movie star or a mining magnate. But what flavour of Richie Rich do you think you have to be to afford your own fancy apartment in Sydney or Melbourne? Because it turns out those two impossible dreams are basically equivalent.

Here’s Temple Island. It’s situated three kilometres off the Queensland coast, has its own private runway, and comes complete with a four-bedroom house. These 21.5 hectares of Cape Palmerstone real estate can be yours for $850,000.

Meanwhile, one of these three-bedroom apartments in Parramatta in a building that has facilities including a gym, a sauna, a swimming pool, and a library will set you back between $799,000 and $833,000. Here’s a two-bedroom apartment on St Kilda Road in Melbourne with some nice views, two bedrooms, and a fireplace. It costs $900,000.

Let’s drop it down to one-bedroom places. Sussex Street, Sydney: $760,000. Kent Street: $750,000.

Those are some pretty swish places, but they shouldn’t cost anywhere near as much as an actual tropical island.

So there you go. It’s now no more realistic for you to imagine owning an urban apartment in Sydney or Melbourne that looks like something a character from a 1990s sitcom would live in than it is to imagine owning your own island. Both of those things are entirely ridiculous and you should just resign yourself to the kind of drafty place with stained carpets you probably live in right now, and will likely live in for the rest of your life.