{"id":42145,"date":"2023-02-01T08:25:18","date_gmt":"2023-01-31T19:25:18","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42145"},"modified":"2023-02-01T08:25:18","modified_gmt":"2023-01-31T19:25:18","slug":"buyer-of-melissa-caddicks-stolen-mansion-revealed","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buyer-of-melissa-caddicks-stolen-mansion-revealed\/","title":{"rendered":"Buyer of Melissa Caddick\u2019s \u2018stolen\u2019 mansion revealed"},"content":{"rendered":"

PHOTO: Melissa Caddick’s former Dover Heights house<\/strong><\/p>\n

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The buyer of fraudster Melissa Caddick<\/a>\u2019s former luxury home and the big price paid has been revealed as the book is closed on the saga that has engrossed Sydney and Australia.<\/p>\n<\/div>\n

Receiver Bruce Gleeson from Jones Partners, has revealed the Dover Heights<\/a> home in Sydney\u2019s exclusive Eastern Suburbs fetched $9.8m after an expressions of interest campaign in October via agent Michael Pallier.<\/p>\n

\"Melissa<\/a><\/div>\n
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Inside Melissa Caddick\u2019s $15m mansion<\/a><\/h2>\n<\/header>\n<\/div>\n

A unique aspect of that campaign involved buyers stumping up with a $10,000 refundable deposit just to inspect the home, in big part to sort qualified buyers from rubber necks, who were still driving by the home last year\u00a0when The Daily Telegraph was given a tour<\/a>.<\/p>\n

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\"Melissa<\/div>\n

Melissa Caddick’s former Dover Heights house sold for $9.8m, it has been confirmed. Picture: Damian Shaw<\/strong><\/em><\/div>\n

Mystery surrounded the sale of the home on October 28, three days before expressions of interest were due to close, appearing to confirm speculation there was a stigma attached to the multi-level home.<\/p>\n

At the time, we reported a sale\u00a0of about $10m.<\/p>\n

The sale figure was well short of the $15m \u2013 $17m Caddick\u2019s husband Anthony Koletti claimed the house was worth.<\/p>\n

\"Melissa<\/a><\/div>\n
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Melissa Caddick\u2019s home to hit the market | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n

The home settled just days ago on January 27.<\/p>\n

The price was \u201ca good outcome given the current market conditions\u201d Mr Gleeson said.<\/p>\n

\u201cWe are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers.\u201d<\/p>\n

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\"The<\/div>\n

The home boasts fantastic views. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"And<\/div>\n

And caters to an outdoor lifestyle.. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"Minor<\/div>\n

Minor refurbishments were made to the home to ready it for sale. NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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Property records reveal Caddick bought the home for $6.2m in April 2014. Given prices in Dover Heights have jumped 50 per cent in the last five years alone, that would indicate the buyer scored something of a bargain.<\/p>\n

\"Melissa<\/a><\/div>\n
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Bid to sell off conwoman\u2019s luxury goods | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n

However at the time, industry insiders believed Caddick had paid overs for the home.<\/p>\n

Caddick had not made any major upgrades to the home, according to real estate records. However as much as $50,000 was spent on the home prior to its listing, as parts of it, including the pool had fallen into a state of minor disrepair.<\/p>\n

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\"Even<\/div>\n

Even the main bathroom has a great view. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"One<\/div>\n

One of the main selling points of the home was the opportunity for multi-generational living.. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

According to the\u00a0Australian Financial Review<\/a>, the new owner of the Wallangra Rd address is local buyer Tongna He.<\/p>\n

Not a lot is known about Mr He, but the AFR said he is a retired Eastern Suburbs local with adult children. One of the key selling points of the six-bedroom, four-level home was its capacity for multi-generational living.<\/p>\n

The proceeds from the sale will go towards paying back the $23m Caddick fleeced from investors as part of her Ponzi scheme from 2012 to 2020.<\/p>\n

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\"Caddick\u2019s<\/div>\n

Caddick\u2019s safes remain but her office has been turned into a bedroom. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The home sale price fell well short of Caddick\u2019s husband Anthony Koletti\u2019s expectations of a $15m to $17m value. Picture: NCA NewsWire \/ Flavio Brancaleone<\/strong><\/em><\/div>\n

It was when pictures of law enforcement arresting Caddick in her Dover Heights home in November 2020 hit the headlines, that her crimes first became known. The safes which feature in some of the raid photos, and were used to store her ill-gotten gains are still in the home. However her office was converted into a bedroom prior to the home\u2019s sale.<\/p>\n

The 49-year-old was last seen at the home in the early hours of November 12, 2020, a day after the raid by ASIC agents and AFP officers.<\/p>\n

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\"The<\/div>\n

The proceeds from the sale will go towards paying off creditors. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"Caddick<\/div>\n

Caddick had stacks of cash in various currencies along with passports and expensive jewellery in a safe at her home when it was raided by financial investigators. Picture: Coroners Court<\/strong><\/em><\/div>\n

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\"Koletti<\/div>\n

Koletti and Caddick in an undated photo.<\/strong><\/em><\/div>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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