The Sovereign Islands are an island group in the Southport Broadwater next to South Stradbroke Island within the

suburb A suburb (more broadly suburban area) is an area within a metropolitan area. They are oftentimes where most of a metropolitan areas jobs are located with some being predominantly residential. They can either be denser or less densely populated ...

of Paradise Point in the

City of Gold Coast The City of Gold Coast is the Local government in Australia, local government area spanning the Gold Coast, Queensland, Gold Coast, Queensland, Australia, and surrounding areas. With a population of 606,774, it is the second most populous local ...

Queensland Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...

, Australia. They were formed by a canal real estate development of the former Andys Island and Griffin Island.

Geography

Sovereign Islands are six interconnected islands located toward the northern end of the Southport Broadwater. A bridge connects Paradise Point's island group to the mainland. The islands is protected from the Pacific Ocean by South Stradbroke Island which lies to the east.

History

Commencing in 1988, two low mangrove islands, Andys Island and Griffin Island, were redeveloped by Lewis Land Corporation to create a six-island group for a gated community of canal home sites with deepwater moorings and direct access to Moreton Bay. of sand was pumped to create the islands and their navigable waterways. Andys Island and Griffin Island were thought to be named after local oystermen. The names of the former islands were replaced with the name Sovereign Islands in the official place names of Queensland on 16 February 1987, despite one objection to the loss of the historic names. Sovereign Islands is one of the most expensive areas in the country with some homes in excess of 20 million dollars. Many houses do not slide under the two million dollar mark. The

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

impacted on real estate prices on the Sovereign Islands. In 2011 several properties sold well below prices recorded in previous years.

Amenities

Sovereign Islands Is freehold property, however, the residents pay a gate levy fee of approximately $2600 per annum for security and parks. The roads are paved with brick, and street lights and palm trees line the expansive street scapes.

References

External links

* — shows Andy's Island and Griffin Island in the context of the proposed development {{Queensland Geography of Gold Coast, Queensland Islands of Moreton Bay