It's owned by the defunct Milang Historic Steam & Shipping group. The woodwork was removed & steel work cut into pieces years ago. The Milang group has all the steel work & the plan was to reassemble it. At the moment, i'm pretty sure, half of it is in Milang & the other half is in Meningie on the other side of the lake.
The Koondrook was the scene of an axe murder in the 20s & the coaming from the forward hatch still has a mark from one of the strikes.