REVEALED: What will happen to Melissa Caddick's $15MILLION mansion

PHOTO: The conwoman’s Dover Heights mansion (pictured main) is set to undergo a series of repairs and maintenance before liquidators bring in a real estate agent and prepare the house for sale.

Melissa Caddick‘s $15million mansion will be sold within the next six weeks
Conwoman’s DJ husband Anthony Koletti has been living in Dover Heights home
Federal Court ordered him to leave by May 18 as ASIC prepare to sell house

$15m Sydney home of Melissa Caddick may be sold after husband agrees to vacate | WATCH

Melissa Caddick’s $15million mansion will need to undergo minor repairs before liquidators appoint a real estate agent to handle its sale – as they look to pay back the victims of her fraud.

The conwoman’s husband, hairdresser and DJ Anthony Koletti, has been living in the home since her disappearance, was ordered by the Federal Court last week to vacate the Dover Heights home before May 18.

Melissa Caddick’s home to hit the market | WATCH

The Australian Investment and Securities Commission (ASIC) have seized all her assets as a means of repaying her former clients who lost millions to the fraudster, with a barrister for liquidators confirming it would take up to six weeks to sell the home.

‘We need to go into the home, make minor repairs, market, appoint an agent,’ lawyer Steven Golledge said. ‘It will be about a four to six-week program.’

Melissa Caddick’s $15million mansion will need to undergo minor repairs before liquidators appoint a real estate agent to handle its sale

Caddick mysteriously vanished the next day and wasn’t seen or heard from again until March the following year when her severed foot washed up on a South Coast beach

Ms Caddick bought the home in Sydney’s eastern suburbs for $6.2million in 2014, with its value nearly tripling in eight years.

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Mr Koletti, who has been living in the lavish mansion since his wife went missing on November 12, 2020, was present in Federal Court on Monday as ASIC confirmed it was moving forward with its ‘realisation of the property’, NCA newswire reported.

‘Anthony Koletti is to be granted liberty to apply on two days’ written notice in respect of any dispute regarding the removal of personal property items from the Dover Heights property,’ Justice Brigitte Markovic said in court last week.

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The property will be sold by liquidators in an attempt to try and repay some of the $23million Caddick stole from investors in her Ponzi scheme – which largely comprised close friends and family.

It is now being prepared for sale, with maintenance and repairs being made and the couples’ belongings being removed.

Ms Caddick bought the home in Sydney’s eastern suburbs for $6.2million in 2014, with its value nearly tripling in eight years

Justice Markovic made an order to allow the Securities Commission to take possession of the Dover Heights house, ahead of a real estate agent being appointed and valuations being conducted.

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‘The receivers would be justified in… undertaking maintenance and repairs they consider appropriate to the property and arranging for the styling of the property,’ the order reads.

Caddick posed as a financial advisor and told her 74 victims that she was investing their life savings in well-performing shares – fudging CommSec statements to trick them into believing they were accumulating wealth.

Mr Koletti has been living in the lavish mansion since his wife went missing on November 12, 2020

However, Caddick didn’t invest anything on her clients’ behalf – instead, she used investor money to fund her lavish lifestyle, which included luxury holidays, designer jewellery, clothes, cars, and a fine art collection.