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$30 million tropical Dunk Island in North Qld repossessed – NEWS.com.au
$30 million tropical Dunk Island in North Qld repossessed
An idyllic north Queensland island, which was sold for around $30 million last year, has been repossessed by the previous owners after the new ones failed to cough up the cash.Investment group Mayfair 101 purchased the island last year off Family Islands Operations, which is owned by the family of Australian businessman Peter Bond. At the time of sale in September 2019, parts of the island were left in tatters after being seriously damaged during both Cyclone Yasi in 2011 and Cyclone Larry in 20…
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