Dunk Island -Multi-Million Dollar Makeover
Far North Queensland's Dunk Island set for a multi-million-dollar makeover
An Australian group has bought Dunk Island and, after it has been lying idle for years, will invest multi-millions of dollars on redeveloping the island resort. They hoping to create an international tourism drawcard.
" A global private investment consortium forked out $31 million for the cyclone- ravaged island, but its vision goes well beyond rebuilding the resort. Australia-based Mayfair 101 bought up to 200 properties in Mission Beach — about 20 minutes away from Dunk Island by boat — for around $150 million, with dreams to turn the region into "Australia's tourism mecca". Read the Full Article