Melissa Caddick's Dover Heights mansion to be sold

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The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks.

Principal of Sydney Sotheby's International Realty Michael Pallier has been picked by Jones Partners to sell Melissa Caddick's multimillion-dollar Dover Heights mansion.

The house was purchased by Caddick in 2014 for $6.2 million. It's reportedly expected to sell for more than $10 million.

melissa caddick dover heights mansion for sale auction maliver

Principal of Jones Partners Bruce Gleeson says: "Following a very extensive and detailed real estate agent selection process, we have today signed an Agency Agreement with Sotheby's (Michael Pallier) to bring the Dover Heights Property to market."

He added that the group is actively working towards having the property ready for sale "in the vicinity of five to six weeks".

"The Dover Heights Property represents a significant part of the Receivership Property of Melissa Caddick and there continues to be very strong interest in this property," Gleeson says.

He said updates regarding the sale and the realisation of assets will be provided towards the end of July 2022.

This follows Federal Court orders in June, enabling Jones Partners as receivers to continue moving forward with bringing the house to market.

As a result, Caddick's husband Anthony Kolletti was forced to vacate the property. He had made a claim against the house as well as numerous other assets.

In all, Caddick defrauded investors out of $23 million.

The matter will be back in court on July 25, 2022.

This article first appeared on Financial Standard

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Cassandra Baldini is a senior journalist at Financial Standard. Prior to this, she was a reporter at the Daily Telegraph's digital subsidiary News Local covering court, crime and community news.  She held various roles at Bloomberg in the London newsroom, and worked at Vanguard and Sony.  She has a Bachelor's degree in Journalism from Macleay.
Comments
Grant Popplewell
July 2, 2022 3.57pm

Mr Koletti, Caddicks Husband, I would assume that he owns 50% of Dover Hts property?? Why does he lose his 50% ?