The eastern suburbs’ trophy home and primary asset of missing fraudster Melissa Caddick has settled, revealing a less than expected $9.8 million sale price.
The Dover Heights trophy home of missing fraudster Melissa Caddick has sold to local buyer Tongna He for $9.8 million, with the transaction settled last Friday.repay part of the $23.5 million owedThe Dover Heights house Melissa Caddick bought for $6.2 million in 2014 was sold by liquidators in October for $9.8 million.
The sale process, handled exclusively by Mr Pallier, was conducted as privately as possible and included the requirement of a $10,000 refundable deposit before by-appointment inspections, in a bid to deter stickybeaks.The property underwent a cosmetic upgrade before it was listed in September last year.
While pretending to invest millions of dollars into fake CommSec portfolios, Ms Caddick spent investors’ funds on Dior clothes, Canturi bling and an art collection featuring works by John Olsen and Luke Sciberras. It also falls below the $10 million-plus ambitions of the court-appointed receiver of Ms Caddick’s assets, Bruce Gleeson, of Jones Partners.when the property was listed in September that he hoped for a sale price in double digits for the sake of Ms Caddick’s victims.
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