Thursday, September 14, 2023
Mackay and Whitsunday Life
Whitsunday Islands have become a hot commodity, with investors spending big to own their own piece of paradise.
Recently, Adelaide real estate tycoon, Mike Dobbin has purchased Poole Island, a 20-hectare island one kilometre off the Whitsunday coast.
Poole Island cost just $1 million and according to Adelaide Now, Mr Dobbin has plans to clean up the island, renovate the two homes, and offer the island as short term accommodation for families facing hardships.
This recent sale marks only one in a stream of other acquisitions.
The leasehold for Hook Island was snapped by Sydney-based Glenn Piper two years ago for $12 million and has shared plans to establish a luxury resort.
Earlier this year a Singaporean family purchased Lindeman Island for $10 million.
Currently, South Molle Island is listed for sale, with the asking price being $30 million, considering the extensive renovations needed to bring the resort back up to luxury standard.
This is only emphasised with the rumours of Hamilton Island’s upcoming sale.
This recent slurry of activity could point to rising confidence in local resort islands, many of which have either been abandoned or neglected, left to disrepair over the past decade.
1: Poole Island – Sold For $1M
2: South Molle – For Sale $30M
3: Lindeman – Sold For $10M
4: Hook Island – Sold $12M