LJH trust fund couple's Narre Warren homes for June auction

LJH trust fund couple's Narre Warren homes for June auction
LJH trust fund couple's Narre Warren homes for June auction

The LJ Hooker agents behind the closure of their franchise in Glen Waverley have two of their Narre Warren properties listed for auction.

Judy Thanh Truc and her husband Joseph Ngo, who are at the centre of controversy after there were irregularities found in a LJ Hooker franchisee trust account, have listed the homes through Ray White.

Homeowners and tenants are said to have lost millions of dollar from the couple who were named LJ Hooker's "Best Team of the Year 2015", according to their now-offline website.

Six LJ Hooker offices in Melbourne have been closed and their franchise agreement has been terminated.

Jane Garrett, Consumer Affairs Minister said that Consumer Affairs Victoria had placed caveats on the two properties, to ensure the sale proceeds are retained as required.

Both are worth more than $1.5 million.

The move comes after Garrett earlier froze the trust funds from the franchises, the records of which are now being examined by CAV.

The two Cranston Close homes have been only owned for a few years.

The first was bought in 2014, when they paid $1.35 million for the sprawling contemporary family home with tennis court and built in playground.

It has five bedrooms, four bathrooms, two kitchens, home office and a cinema room.

The second was bought only last year, and is just two doors down.

Bought in August, the $1.65 million home offers similar privacy on a one acre plot.

At the end of the circular driveway sits the five bedroom home with grand entrance portico.

Each of the five bedrooms have ensuites, there's a teenage retreat upstairs and a large upstairs open entertaining patio.

There is no word on the asking price for the two homes, but they are both available through Ray White Noble Park/Springvale agent Allison Grant for an in room auction on June 8.

Barry Plant, head of the Victorian estate agency that bears his name and which is in talks with LJ Hooker about creating a joint venture company, said the Melbourne trust fund missing millions matter would not affect their ongoing talks

 

Tags: 
Lj Hooker Residential Market

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?