Magnetic Island can be found 8km off the shore of nearby Townsville. The island is effectively a suburb of Townsville, due to the ease of accessibility to the island, it has over 2000 permanent residents. It is no wonder that people who work in Townsville would want to reside on Magnetic Island and take the boat to and from work every day. The island is absolutely stunning. It is mostly a mountainous island with surrounding picturesque bays, which all make for fantastic views.