A whole island in the Caribbean is selling for less than the average Sydney unit.
While the private island is on the market for $666,512 (US$475,000), the average price of a Sydney unit is a whopping $806,310 and $1,346,193 for a house, according to CoreLogic data from July.
Iguana Island, located near Nicaragua, is made up of five acres of land and features a home "built to modern standards" with three bedrooms, two bathrooms and a bar.
Or you could keep it just for family and friends and have a nice, unique holiday.
While those Sydney prices won't guarantee you a beach view, this house has a wraparound porch to take in the 360-degree views of clear turquoise water, where you can cool off on the calm west side of the island.
You'll also be left marvelling at the sunrises and sunsets, which can be shared to Instagram as the island offers phone reception and internet.
For additional views, there is an 8.5-metre observation tower of both the ocean and rainforests full of coconut palms and banana trees.
When it comes to getting there, there are daily flights from the US to Managua, Nicaragua's capital.
Then it's just a 45-minute trip via plane to Bluefields, Nicaragua, from where you can reach Iguana Island by boat.
Median prices of houses and units in Australia's capital cities
While Sydney has the most expensive houses and units on average, the ACT follows as a close second at $1,047,912 for the average house and $626,128.
And Melbourne comes third at $964,950 for the average house and $614,351 for the average unit.
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