Dunk Island back for sale after $1.5bn tourism dream sours

Dunk Island off Mission Beach been put back up for sale after larger plans to develop a $1.5 billion tourism hub came unstuck.

Investment fund Mayfair 101 failed to complete the $31 million island acquisition bringing the cyclone-ravaged island back into the ownership of its former owner, Brisbane’s Bond family.

“Dunk Island provides the perfect opportunity to deliver an all-encompassing holiday destination akin to the enormously successful Hamilton Island, ideal for establishing a wide range of accommodation offerings, leisure activities and a self-sufficient ecosystem,” selling agent JLL’s Nick Roche told The Australian.

A 4.5 star resort used to operate on the island, but it is now being sold as 135 hectares of freehold developable land.

However, Mayfair 101 founder James Mawhinney said he will still push ahead with plans to redevelop island.