(EMAILWIRE.COM, January 18, 2009 ) Australia’s sweetheart Kylie Minogue has fallen foul of the credit crunch and is unable to shift her Aussie island property, which has been on the market since February…

Fancy owning a piece of Kylie’s past? Now you can - her French style farmhouse ‘Beauciel,’ (French for ‘beautiful sky) is currently on the market for between £436,000 and £500,000.

Kylie ploughed some of her hard earned cash into the farmhouse on French Island in Western Port, Victoria, back in 2005 and spent almost £500,000 renovating and redecorating the property.

The house, which boasts panoramic bay views, also comes complete with an organic fruit and vegetable garden, which Kylie planted herself. The interior is French in style, said to be a nod to the heritage of Kylie’s on off love, actor Oliver Martinez.

The 100 hectares of prime real estate on the secluded island has been transformed into a luxury getaway and the Minogues made several environmentally friendly innovations, including installing solar and wind power.

The property also has other famous residents - it is home to rare species of birds and a large koala population.

Kylie decided to sell the property in Australia in February as she rarely visited, although it is near her home town of Melbourne.

So, onto the market it went and agents were expecting to be inundated with offers from Kylie fans. But, with a price tag of £551,000, the house refused to shift.

Agents have now dropped the price down to try and attract a buyer. Offers between £436,000 and £500,000 are now being invited.

Real estate agent Hendrik Boer from estate agents Hocking Stuart, told Australian paper the ‘Herald Sun’ that interest in the property had ‘increased since the price drop.’

The decision to sell came as a surprise to the island’s 80 permanent residents.

They said the Kylie and her family had been good for the local community, and would be missed.

If refuge is what you seek, this Australian property could be the perfect buy for you - French Island has no town water, electricity or gas, nor does it have any road access.

Two passenger ferries, from Cowes and Stony Point, service the island a couple of times each day.

For more information on Australian properties and the market in general, please visit http://australia.themovechannel.com/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

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