Wife of jailed entrepreneur Michael Milne puts Neutral Bay home on the market

Jonathan ChancellorNovember 3, 2011

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Leisa Milne, the wife of jailed millionaire entrepreneur Michael Milne, has listed their Neutral Bay abode on Sydney’s lower north shore. It’s one of two freestanding buildings set on a 1761-square-metre deep-waterfront block. It had been two apartments with the first bought by Leisa in 1987 for $999,999 and then Leisa paid $4.75 million for the other in 2005.

The renovation turned it into a six-bedroom house with views across Shell Cove to the main harbour. It has two marina berths, a jetty and pontoon.

Michael Milne, jailed for eight years last December for money laundering and tax evasion, is seeking to have the money-laundering conviction overturned in a case in the NSW Court of Criminal Appeal. Milne was caught in the Operation Wickenby tax probe. His wife raised a $5 million surety for his bail when he was initially arrested in 2008. Milne  was a client of Philip Egglishaw, whose Swiss firm Strachans sparked the $300 million Wickenby investigation.

The Shellcove Road house has been listed for sale by expressions of interest through Kingsley Yates of Ray White Lower North Shore.

 

 

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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