Elizabeth Island lies just south of French Island in Western Port, Victoria, south-eastern Australia, and just north of Phillip Island. It is over 65 acres (26 ha) in area and is an unincorporated area of Victoria, one of the few privately owned, freehold islands in Victoria. Once used for farming, it has been converted into a holiday retreat, with the establishment of a pier and housing facilities. Access is via boat or helicopter, and the island is also serviced by the French Island barge.