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Sovereign Islands is a very affluent gated community within the suburb of Paradise Point on the Gold Coast in Queensland, Australia. At the 2006 Census, the area of Sovereign Islands had a population of 19,139. Sovereign Islands are located toward the northern end of the Gold Coast and are connected to Paradise Point by bridge. The prestigious island is made up of luxury homes with deepwater moorings and direct ocean access for the boating enthusiasts. Sovereign Islands is one of the most expensive areas in the country with some homes in excess of 20 million dollars. Many houses do not slide under the two million dollar mark. The area is protected by South Stradbroke Island which lies off the coast. The property bubble has hit the Sovereign Islands with several properties selling well below prices recorded in recent years The wealthy residents pay a body corporate together with other Home owners association fees. The roads are paved with brick and ornate street lights and palm trees line the expansive street scapes.