MG AM: Purchasing the Perfect Private Island

A whole new definition of Green Living - A new apartment development in South Brisbane, Australia, appropriately named Verde, will feature 5,167 square feet (480 square meters) of herbs and succulents covering seven stories of the residence’s north and south-facing walls. [news.com.au] Cross the t's and dot the i's, Australian buyers.. PM Tony Abbott is getting tough on foreign property purchasers who knowingly knock the law with a series of sweeping civil and criminal penalties and fees. [The Australian - PAYWALL] Dreaming of your own private island? It’s within reach but you may buy more than you bargained for. The Times takes a look at the hidden costs of private island ownership and offers a few tips on how to pick a paradise. [The Times] The palace that Penn built could be yours! Two time Oscar winner Sean Penn has listed his Malibu home featuring “a swimming pool, terraced gardens, mature trees and lawn complete the grounds,” for $6.55 million. Penn purchased the property in 2009 for $3.8 million. [The Los Angeles Times]