{"id":42628,"date":"2023-03-22T08:58:33","date_gmt":"2023-03-21T19:58:33","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42628"},"modified":"2023-03-22T08:58:33","modified_gmt":"2023-03-21T19:58:33","slug":"property-spruikers-home-crashes-hard-at-mortgagee-auction","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/property-spruikers-home-crashes-hard-at-mortgagee-auction\/","title":{"rendered":"Property spruiker\u2019s home crashes hard at mortgagee auction"},"content":{"rendered":"

PHOTO: The Byron Bay home took a $600k loss.<\/strong><\/p>\n

A troubled Byron Bay<\/a> home has finally sold after 500 days on market at a worrying loss.<\/p>\n

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The investment syndicate put together by the property spruiker Sasha Hopkins has seen its Byron Bay property sold for $4.4m at mortgagee auction. The 3816 sqm Paterson St holding last sold for $5m in 2021.<\/p>\n<\/div>\n

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\"The<\/div>\n

The Byron Bay property bought by A Team Pro founder Sasha Hopkins-backed investment syndicate has been sold. Picture: realestate.com.au<\/strong><\/em><\/div>\n

It was offered with development concept images by Paul Clout Design being one of Byron Bay\u2019s largest lots enjoying Residential R2 zoning which permits multi-dwelling housing.<\/p>\n

\"Byron<\/a><\/div>\n
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After peaking at 44 per cent growth, is Byron Bay\u2019s property boom over?<\/a><\/h2>\n<\/header>\n<\/div>\n

Sharon McInnes and Paul Prior of First National secured the sale last weekend with the listing having been with other agents for 500 days.<\/p>\n

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\"A<\/div>\n

A Team Pro founder Sasha Hopkins. Source: Vimeo<\/strong><\/em><\/div>\n

The price drop sat close to the 15 per cent standard decline that local HTW valuer Mark Lackey recently noted. The four bedroom pavilion-style house featuring two wings, was owned by Hunter Hopkins Project 7 Pty Ltd, one of the many entities within the collapsed Hopkins property investment empire.<\/p>\n

\"Actress<\/a><\/div>\n
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TV star\u2019s new $5m pad on Byron Bay\u2019s \u2018celebrity street\u2019<\/a><\/h2>\n<\/header>\n<\/div>\n

Its first registered mortgage was with Makro Finance, co-directed by Richard Akero. The second mortgage was to a syndicate of investors.<\/p>\n

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\"The<\/div>\n

The home sold for $4.4m.<\/strong><\/em><\/div>\n

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\"Short<\/div>\n

Short of the $5m it last traded for in 2021.<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The four bedroom pavilion-style house features two wings.<\/strong><\/em><\/div>\n

The collapse has been followed by ASIC investigators freezing Hopkins\u2019 assets in mid-2022 alleging that the company converted investor funds into cryptocurrency assets.<\/p>\n

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

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