News

Whisper Bay sells for $60 million

WHISPER Bay Resort in the Whitsundays has sold for about $60 million – to David Marriner.

This is believed to be the second largest real estate transaction on the mainland in the Whitsundays region in history.

The largest was Abel Point Marina which sold before the downturn in the economy before the global financial crisis.

Mr Marinner owns other property and businesses in the Whitsundays including Laguna Whitsundays, Hook Island, Air Whitsunday seaplanes and a local travel agency.

Whisper Bay includes 104 apartments and is located overlooking the Coral Sea near Abel Point Marina.

The development has been in receivership and the negotiations for this sale have been ongoing for several months but the deal has now been settled.

Mr Marriner said Airlie Beach was well primed for growth and that Whisper Bay would form an integral component of both tourism and residential infrastructure as the region advanced.

“Whisper Bay was caught up in the global financial crisis yet the underlying strengths of the product and the region will allow it to become highly successful in future,” he said. “It has provided a once in a lifetime opportunity for buyers.

The sale was conducted by KordaMentha, which was appointed to sell the resort on behalf of the Commonwealth Bank and Bank of Scotland.

Plans are being drawn up for a re-launch of marketing with PRD Whitsunday as the lead agents.

PRD Whitsunday principal, Christie Leet said the sale of Whisper Bay was significant for the region.

Mr Leet said the sale of big properties like this were the pre-cursor to growth in the residential market.

He said PRD expected to start a revitalised sales and marketing approach in coming weeks that would provide a significant advantage to buyers and those currently looking to invest in the local market.

Mr Leet confirmed there were already 14 contracts for apartments in the development.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

UPDATE: Multiple fires hit Bowen over night

DUEL EMERGENCIES: Two fires broke out almost simultaneously in Bowen last night.

TWO fires broke out almost simultaneously in Bowen last night.

Buckets of fun

HIGH FASHION: Salvation Army Cannonvale Family Store manager Denise Norder is excited about the runway fashion fundraiser. Photo: Rory Sheavils

Buckets of fun

Some yum rum fun

GET CREATIVE: Mark ’Dr Rum’ Wyatt looks forward to judging the Pina Colada Carnage. Photo: Rory Sheavils

Some yum rum fun

Latest deals and offers

Cruise draws big crowd in second year

THE second annual Cruisin’ Whitsunday has shone in its second year, drawing big crowds to the Airlie Beach foreshore this morning.

UPDATE: Multiple fires hit Bowen over night

DUEL EMERGENCIES: Two fires broke out almost simultaneously in Bowen last night.

TWO fires broke out almost simultaneously in Bowen last night.

Buckets of fun

HIGH FASHION: Salvation Army Cannonvale Family Store manager Denise Norder is excited about the runway fashion fundraiser. Photo: Rory Sheavils

Buckets of fun

UPDATE: Tributes flow for man killed in Bowen capsize

RACQ CQ Rescue was tasked to rescue a group of people after their boat capsized off Bowen today. Photo: Bowen Independent

Tributes flow for Martin Cunningham after tragic death on Wednesday

Some yum rum fun

GET CREATIVE: Mark ’Dr Rum’ Wyatt looks forward to judging the Pina Colada Carnage. Photo: Rory Sheavils

Some yum rum fun

Tug boat company offers condolences after fatal capsize

RACQ CQ Rescue was tasked to rescue a group of people after their boat capsized off Bowen on Wednesday. Photo: Bowen Independent

Svitzer Tugs has offered their condolences after Wednesday's capsize

The best retro movies of the week? May 27 - June 3

Gregory Peck Photo Contributed

This week TV fan get to see Tom Cruise in a 1980s classics

Barnaby Joyce talks Johnny Depp's dogs in Tweed

Deputy Prime Minister Barnaby Joyce talks about Johnny Depp's dogs Pistol and Boo...

Billy Slater talks Origin Team

Queensland Origin great Billy Slater.

Queensland Origin great Billy Slater talks about this years team and his return to...

Road rage caught on Dashcam

Attack with a baseball bat caught on Dashcam

Video of a violent road rage incident in Orange last December.

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked