Burraga Island, Shoalhaven, hits market with $10 million guide

The Mercury lists a four-bedroom homestead and grazing country, plus a private dock and a barge used to carry vehicles and equipment. It is currently used for agricultural and commercial purposes, with cattle on site, a manager who maintains the property, and grazing and commercial tenancy arrangements. Electricity, telecommunications and wastewater infrastructure are already in place, the report says.

Why it matters

The land is zoned Primary Production. The Mercury lists uses it says that zoning could allow, including an eco-tourism sky-view pod resort, outdoor recreation, an 18-hole golf course or an inland aqua theme park. Any development would be subject to approvals, so the zoning list is a pitch rather than a permission.

The report notes ASF Group reportedly considered a golf course and an aquatic theme park at one point, and the island was listed in 2019 and 2022 without selling.

The numbers

The Mercury reports the Kennedy farming family owned the island for 34 years after buying it in 1977 for $105,000, following the collapse of plans for a country club. ASF Group bought it in 2011 for $2.5 million. The island was listed in 2019 and 2022 but did not sell, the report says.

Against those figures, the $10 million guide is four times the 2011 purchase price and roughly 95 times the 1977 price.

What’s next

Carrie Bond and Connor Bond of Bond Lifestyle Properties are the selling agents. Carrie Bond told the Mercury she expects the likely buyer to be a developer or entrepreneur, with interest from interstate and overseas. The owners, who are developers, want to pursue other projects, according to the report.

The Mercury does not give a closing date for expressions of interest. Any buyer planning a development would need to seek the relevant approvals first.

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Source: Illawarra Mercury, 11 November 2026. The Australian Developer has not independently verified the sale terms.