Think private islands are only for billionaires? Think again.

There’s nothing better than gathering a group of your best mates and heading off for a summer holiday. But battling it out for campsites, squeezing into tiny hotel rooms or lining up for the hostel bathroom can rain on the parade a little.

What if you could rent an entire private island instead? That’s right, there are several stunning islands around Australia that can be completely booked out by you and your mates. And before you assume it’s too expensive, you might want to take a look at these prices…

Three Hummock Island

Three Hummock Island features a wild, untouched coastline.

One of the most idyllic to book is Three Hummock Island off the north-west coast of Tasmania. Accessed only via boat or plane, this little slice of Tassie paradise can accommodate up to 12 guests across four bedrooms for approximately $180 each a night. You’ll have the 9307-hectare island to yourself, including a fully equipped kitchen (private chef included at an additional cost), indoor fireplace, barbecue and all toiletries/bathroom amenities. Spend your days surrounded by nature and wildlife, going bushwalking, wild swimming, and snorkelling before settling in by the firepit come evening.

Picnic Island

You and your friends can enjoy the tranquillity of untouched beaches and a peaceful atmosphere.

A little further south you’ll find Picnic Island, just off the coast of Tassie’s picturesque Freycinet Peninsula. The secluded retreat, set in the tranquil waters of Coles Bay, offers stunning views of the granite mountains that form the backdrop of Freycinet National Park. It accommodates up to 10 guests across five bedrooms.

While rates depend on numbers, prices can be cheaper than some hotels (approximately $330 each, per night); and why have a private room when you can have an entire island to yourself? Make sure to keep your eyes peeled for dolphins and seals who regularly visit.

Fraser Island Retreat

This private haven offers the perfect setting for relaxation and creating unforgettable memories together.

Back on the mainland, you’ll find the lakeside Fraser Island Retreat in Victoria’s gorgeous Gippsland Lakes region. If you’re looking for something a little more luxe, this is the one for you. The charming homestead boasts 11 bedrooms that can accommodate up to 34 guests.

You’ll have access to a grand dining hall, refrigeration room, fully equipped kitchen, wine cellar, two tennis courts, a golf course and a pool with a gazebo. Current booking prices sit between $2500 and $3250 per night, meaning the maximum amount of guests would be paying just $74 to $96 each.

Pumpkin Island

Pumpkin Island is a hidden gem in the Southern Great Barrier Reef. (Image: Tourism and Events Queensland)

If the Great Barrier Reef is more up your alley, check out Pumpkin Island, just 14 kilometres off the coast of Yeppoon. With five self-catering cottages, two beach bungalows, shared bathrooms, a communal kitchen and optional catering packages, it comfortably accommodates up to 34 people.

Complete beach access means activities like snorkelling, fishing, paddleboarding and kayaking are available around the clock. And at $4195 a night, it works out to be roughly $124 each a night.

Looking for something different off the Queensland coast? Pelorus Private Island, Orpheus Island, Bedarra Island, Makepeace Island, Wilson Island and Haggerstone Island are also available for private bookings.