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A private island is up for grabs in Queensland, for a price that is cheaper than an average home in most Australian cities.

Poole Island, situated in the Whitsundays, comes with two homes that were built in the 1800s and 1980s, and has an asking price of just under $1 million.

This comes after a contract fell through when a would-be buyer couldn’t be contacted, so the 20ha island is back on the market.

“I can confirm that we have not been able to contact the purchaser,” Private Islands Online Australia’s Richard Vanhoff told 7NEWS.com.au.

“We have tried ourselves, and we are also going on advice from the purchaser’s solicitor, who has also not been able to contact him.”

The island is now accepting offers over $995,000.

Other features of the island include a handmade rock swimming pool and a 215m runway to cater for small aircraft or a helicopter that flies in from Airlie Beach or Bowen.

According to the listing, the pool itself is equipped with a new windmill pump that continuously pumps water into the pool so there’s “no need for chemicals or cleaning as the crystal clear water is in abundance”.

The island also has a slipway for any boat owners or those who love to fish, and a stone shed where you can store various machinery including tractors and slashers.

Image: Private Islands Online Australia

This article first appeared on Over60.