• Mayfair 101

Dunk Island Owners Property Buy-up

The Cairns Post, 29 January 2020


The Mayfair 101 Group has confirmed it has completed settlements on 100 properties in and around Mission Beach after buying Dunk Island four months ago and just a week after revealing it would launch a barge to start construction works on the Cassowary Coast tourist destination.


Mayfair Iconic Properties CEO Stuart Duplock said the business was “now well-advanced in our planning to transform the economy of Mission Beach”.


“Over the past few months, we have made significant progress by putting measures in place to drive major investments in the region, as well as working through the time-consuming task of comprehensively completing due-diligence and settlement on 100 of the over 250 properties the Mayfair 101 Group has under contract,” Mr Duplock said.

Mayfair Iconic Properties CEO, Stuart Duplock

Mr Duplock said the residential properties would be used to help grow tourism in the area and represented an opportunity to provide a consistent, high standard of service to guests visiting the region.


"Our team is committed to completing settlement of the remaining 150 or so properties that are due to settle over the next 18 months and is excited by the economies of scale we can achieve with such a significant portfolio in an upcoming region.”


Plans for Dunk Island are well under way, with surveys recently starting on the Spit area and sand replenishment activities due to begin within a matter of weeks.


In December, Mayfair Iconic Properties released its initial vision for upgrades to the Dunk Island spit, including the establishment of a new beach bar and cafe, upgrades to camping, barbecue and toilet facilities, as well as revegetation.


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» Click here to learn more about Mayfair Iconic Properties.

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This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

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