‘Mission curse’ continues on Mayfair 101’s fantasy island

Two years ago, Mayfair touted plans for a $1.6 billion tourism mecca, but now offices are empty and property sellers are picking up the pieces following the investment outfit’s collapse.

Locals call it Mission Magic, but for developers it’s Mission Curse, says resident Rhonda Murdoch. Sean Davey

Liam Walsh and Jonathan Shapiro

Updated May 7, 2021 – 12.40pm, first published at 11.48am

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At ground zero of the collapsed $1.6 billion “tourism mecca” of investment outfit Mayfair 101, overcast clouds are spattering rain on beachside North Queensland.

No one is answering the door at Mayfair’s rented cream, second-storey offices in Mission Beach.

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Liam WalshReporterLiam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane.

Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.