Troubled Dunk Island back on the market at a reduced price after recent repossession

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Just over a year after controversial investment group Mayfair 101 bought Queensland's Dunk Island for $31.5 million, only to have it repossessed, it's up for sale again.

North Queensland's Dunk Island is back on the market for a reduced price after its sale last year to Mayfair 101 fell through.Dunk Island was contracted to sell for $31.

"We contracted to sell it last year for $31.5 million, and unfortunately that fell through so, we're expecting pricing to be in the $20 millions this time."Watch

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And we all know who will buy it. Not good.

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I'll give you 500 bucks for it.

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