• Mayfair 101

Mayfair 101 Investment in Mission Beach Could Build Start-up Hub

Updated: Apr 8, 2020

Cairns Post, published on 27 November 2019.

The revitalisation of Dunk Island could turn Mission Beach into a start-up hub to rival those in metropolitan cities across the country.

Mayfair 101 launched its $1.6b vision for the region recently and is planning to buy up to 200 properties on the mainland, as well as revamp and rebuild cyclone-ravaged Dunk Island resort and the spit day area.

Founder James Mawhinney said Dunk Island’s history as an iconic piece of Australian real estate and the fact nothing had been done for almost a decade after Cyclone Yasi swept through in 2011 were two elements which made the site a “very strong investment proposition”.

“Our plan is to secure a lot of real estate on the mainland to help from a derisking perspective so the area is not just reliant on an island and visitation to the island – we’re hoping to bring a multifaceted business to the region,” Mr Mawhinney said.

“Given our business has considerable diversification into business at a lot of different stages – and with significant investment in companies more than five years old, we’re very attuned to the start-up stage and culture and the region, being beautiful and with quite inexpensive labour could attract technology companies.”

Mr Mawhinney also expected property prices to “retrace the steps they reached previously” in order to realise capital gains from buying now.

“The state of the market is, the economy has shrunk, and not many people want to go there. We see that as an opportunity. Dunk Island and Mission Beach used to be the tourist destination in Australia in the 1990s,” he said. “It’s already had that status, it can get there again but we’ll also aim to put it on the world stage and because it’s already achieved that glory it’s got all the infrastructure ready to go.”

» Read the full story here.

Send us a message
Subscribe to our newsletter

Connect with us

  • LinkedIn - White Circle
  • YouTube - White Circle


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).

© 2020 Mayfair 101. All rights reserved.