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National

Melissa Caddick's Dover Heights home fetches $9.8 million

The luxury home of Melissa Caddick has been sold for $9.8 million, as liquidators try to claw back the millions she allegedly stole from investors through a Ponzi scheme. 

The settlement on property in Sydney's Dover Heights  was processed on Friday, following its sale on October 28, Bruce Gleeson from Jones Partners said in a statement. 

The sale of the home will go towards repaying some of the $23 million the alleged fraudster stole from 72 investors. 

Mr Gleeson said it was "a good outcome," after Ms Caddick purchased the house in 2014 for $6.2 million.

"We have received the net sale proceeds from the major items of jewellery, artworks, designer and luxury goods that were sold prior to Christmas 2022," Mr Gleeson said. 

"We have also received from Christian Dior Australia documents and funds they had been holding on behalf of Melissa Caddick."

The liquidators are now turning their focus on the outstanding Edgecliff apartment Ms Caddick's parents co-owned with their daughter. 

Barbara and Ted Grimely contributed nearly $1.1 million to pay down the mortgage on the $2.25 million property. 

The Grimleys are fighting in the Federal Court to retain the house. 

Investors have been keenly awaiting the sale of Ms Caddick's estate, and should receive an update regarding the receivership and liquidation soon.

An investor meeting will be held later this month. 

The infamous home is the last place Ms Caddick was seen alive before she disappeared in November 2020, hours after authorities raided it. 

The 49-year-old is believed to be dead. 

Prospective investors were invited into the Wallangra Road home at the price of a $10,000 deposit from September last year. 

Other big ticket items sold at auction included two luxury cars owned by Ms Caddick and her husband Anthony Koletti.

A 2016 Audi R8 V10 and a 2016 Mercedes-Benz CLA45 — were sold online and fetched $295,000 and $66,250 respectively. 

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