PHOTO: During his murder trial Medich (pictured) complained he had only $1,000 in his bank account and his estranged wife Odetta would not give him ‘one red cent’
- Ron and Roy Medich bought 344 hectares in western Sydney for $3.5m in 1996
- The land is adjacent to the city’s new airport and was sold in February for $499m
- Ron Medich is serving 39 years for the murder of business rival Michael McGurk
- The Badgerys Creek land was bought by a group linked to a Chinese billionaire
Murderer Ron Medich and his family have reaped almost $500million from the sale of a block of land next to the new Western Sydney International Airport.
Ron and Roy Medich paid just $3.5million for the 344 hectares of farmland in 1996 and the single-storey brick home that stands on it was last rented for $280 a week.
The Badgerys Creek block on Elizabeth Drive – one of the largest bordering the airport – sold for $499,950,000 to a consortium with links to a Chinese billionaire.
Sales records show the vendors were Roy Medich Properties Pty Ltd and CSPA Properties Pty Ltd, of which 73-year-old jailed killer Ron Medich is shareholder.
Murderer Ron Medich and his family have reaped almost $500million from the sale of a block of land next to the new Western Sydney International Airport. Medich is pictured ahead of being jailed for a minimum 30 years for ordering the killing of business rival Michael McGurk
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