Kim Kardashian reportedly in talks to buy her own island

Kim Kardashian is reportedly planning to buy Turtle Island in Australia and wants it to house a theme park for her daughter North.

Kardashian - who has 16-month-old daughter North with husband Kanye West - is reportedly in negotiations to buy $5 million Turtle Island, which is situated off the coast of Queensland, and plans to rename it Isle Kardashian.

According to Australia's New Idea magazine, 34-year-old Kim - who is currently in Australia promoting her fragrance line - wants to build an amusement park for her daughter on the island, which boasts stunning views of the Great Barrier Reef.

Coldwell Banker's Richard Vanhoff is managing the sale of the island, and confirmed he has been negotiating with a ''high-profile person'', but wouldn't reveal their identity.

He said: ''I can clearly say that I am in negotiations with an overseas party. The overseas party is a high profile person but I cannot name names. I can't confirm whether it's Kanye West or Kim Kardashian or President Obama.''

However, he did admit he had been contacted directly by the potential buyer, who had visited the island last week. The 9.41 hectare private island boasts tropical gardens, a four-bedroom mansion, a jetty and a helipad.

It has previously been looked at by actress Julia Roberts, while politician Clive Palmer and businessman Geoffrey Edelsten are also said to have made enquiries about the island in 2013.