The second luxury Central Coast holiday home of alleged fraudster Bill Papas has sold after three months on the market, amid speculation the result is less than the initial expectation of$10 million-plus expectations.
to a mystery buyer fronted by the accounting firm Ageis. It had been listed with a $13.5 million price guide. Westpac has launched civil Federal Court action against Papas to reclaim its money, but Papas had already left the country for Greece shortly before the banks lodged their court claim. He remains unrepresented in the case and is yet to file a defence to the allegations.Local agents have dismissed suggestions the latest sale price was the result of cooler market conditions, saying there remains strong demand for luxury property with limited houses to be sold in that range.
The two properties, both in the San Toy Estate, were previously owned by a corporate entity headed by Papas and his Melbourne-based business associate Vincenzo Tesoriero before liquidators took control.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bee killer mite found on Central Coast as authorities expand hives to be destroyedThe NSW Department of Primary Industries has established an emergency biosecurity zone around a property in Calga, west of Gosford. Laura_R_Chung Stop giving Kate Halfpenny column opinion space. She belongs in Daily Mail. Her piece on Kyrgios today was ridiculously racist. Yes call out his bad behaviour but to say Kyrgios should be like Shane Warne is stupid ala cheat on your wife with prostitutes. Laura_R_Chung Expensive energy, expensive food!?
Source: smh - 🏆 6. / 80 Read more »
Woman killed, child critically injured in Limestone Coast crashA woman has died and a young boy is in a critical condition after a crash at Wye, south of Mount Gambier this afternoon.
Source: abcnews - 🏆 5. / 83 Read more »
Australia's east coast braces for five-day downpourResidents on Australia's east coast have been warned to brace for a drenching which could last for more than five days, with fears some areas could be subject to severe flooding. Artificial weather manipulation technology
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Fears illegal campers destroying turtle nests and Aboriginal fossils on World Heritage-listed Ningaloo CoastGnaraloo Wilderness Foundation says an onslaught of illegal campers looking to holiday for free is endangering the fragile coastal desert. Is there anywhere humans can go with fucking it up? ☹️☹️☹️
Source: abcnews - 🏆 5. / 83 Read more »
'What is your problem?': Gold Coast Mayor lashes out at 'crass' and 'arrogant' Brisbane counterpartTom Tate says the decision to appoint Noosa's Mayor instead of a Gold Coast representative to the 2032 Olympics organising committee will earn Adrian Schrinner a 'cold shoulder'. They probably remember that artwork on the M1 at Yatala that spells 'Gold Coast' when lit up, that you guys commissioned Tom.... Faces the wrong way and brilliant GC council never realised no-one could ever read it, except the cows in the paddock. Tate is a little bit unhinged Gotta love the Good Coast Mayor. U know what he's thinking and minimal double speak (politician lies)
Source: abcnews - 🏆 5. / 83 Read more »