Overview
Owning property on Hamilton Island represents a unique opportunity as the Island is recognised as the gateway to the Great Barrier Reef - one of the seven natural wonders of the world.
Hamilton Island lies on the same tropical latitude as Honolulu in the Northern Hemisphere and Mauritius in the South, enjoying an average year-round temperature of 27°C (80°F), making it perfect to visit any time of the year.
The utmost care has been taken to conserve Hamilton Island with more than 70% of the Island preserved in its natural state. Property supply and pricing reflects this commitment to preservation and makes Hamilton Island one of the most sought after property markets in Australia.
With easy access to an unrivalled island lifestyle, breathtaking natural beauty, extensive infrastructure investment and a variety of property ownership options from apartments to premium luxury homes, there are plenty of reasons to invest in Hamilton Island.
Investment and Infrastructure
Hamilton Island is a fully integrated resort which opened in 1984 which has grown into Australia’s largest island resort.
Since 2004 an estimated AUD $350 million has been invested in Hamilton Island’s infrastructure, services and amenities.
Representing the “new vision” for the Island, world-class developments have recently been completed including:
• qualia, a private resort offering the best in gourmet food, fine wine and Australian architecture;
• Hamilton Island Yacht Club and Marina set to highlight the island as one of the world’s preferred destinations for sailing and boating
• Hamilton Island Golf Club, Australia’s only championship island golf course designed by Peter Thomson, located on adjacent Dent Island.
General Island facilities comprise a marina and village, retail shopping precinct, domestic airport, church, day care centre, kindergarten and primary school, an array of quality restaurants, a 1,300 seat convention centre and medical health clinic.
Airport Access
Hamilton Island is the only island in the Great Barrier Reef with its own commercial jet airport offering direct access from Sydney, Melbourne, Brisbane and Cairns.
Marina
The Hamilton Island Marina has 216 berths and 11 moorings that can presently accommodate vessels up to 42 metres.
Title on Hamilton Island
The title on Hamilton Island is leasehold, with Hamilton Island Enterprises Ltd (HIE) holding a Perpetual Lease over the island from the Queensland Government. The current lease is 99 years with an option of a further 99; with the first lease due to expire on the 31st March 2078.
All property purchased on the island is by way of a Sublease of the Perpetual Lease (or head lease), and this structure offers considerable savings for investors in relation to stamp duties payable with certain properties on the island when comparing to freehold title.
A copy of this document is provided to potential purchasers and their legal representative at the time of purchase, or upon request. Major Australian banks accept this form of title when lending to purchase.