Property spruiker Rick Otton lists Bondi Beach semi

Property spruiker Rick Otton lists Bondi Beach semi
Property spruiker Rick Otton lists Bondi Beach semi

Property spruiker Rick Otton has listed his Bondi Beach semi for December auction.

It comes after his $18 million fine for misleading investors by the Federal Court for breaches of the Australian Consumer Law, $12 million against Otton’s business We Buy Houses and $6 million against him personally.

Property spruiker Rick Otton lists Bondi Beach semi

Mr Otton was also banned from managing corporations for 10 years in Australia.

It has been scheduled for a December 15 auction with a $3.2 million to $3.5 million price guide.

Property spruiker Rick Otton lists Bondi Beach semi

The four-bedroom Roscoe Street semi listed by by Di Baker, of Di Baker Prestige Properties was bought it in 2007 for $1.6 million through Adrian Bo at McGrath.

Records show it is the only NSW property held in Otton’s name.

It is held with Jane Otton.

There are two Westpac mortgages.

 

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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