Second luxury pad owned by Bill Papas sold in NSW

·

Forum Finance liquidators have sold the second NSW Central Coast waterfront property of alleged fraudster Bill Papas.

According to The Australian, McGrath Nicol liquidators sold the Wagstaffe property last week but there is no price advisory.

The property hit the market with a price expectation of over $10 million.

Belle Property agent, Cathy Baker, sold the five-bedroom home after 88 days on the market to an undisclosed client of accounting and tax firm, Ageis.

Bill Papas’ Wagstaffe property. Photo: centralcoastlifeandstyle.com.au.

This isn’t the first home by Bill Papas to be sold by liquidators this year. His other Wagstaffe property set a house price record in the area in February when it sold for over $13.5 million.

The majority of Papas’ Forum empire was placed into liquidation last year amid allegations in a civil proceeding brought by Westpac and two other lenders, Sumitomo and Société Générale, that Papas had presided over a $500 million fraud on the business.

The Greek Herald recently reported that Greece’s anti-money laundering authority has also had Papas’ shares in Greek football club, Xanthi FC, frozen.

READ MORE: Westpac hits a wall in extraditing Bill Papas from Greece.

greek film festival 2025

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Gortynian pride on show in South Australia at sold-out winery gathering

The Gortynian Association of SA celebrated its heritage on Sunday 10 August 2025, hosting the sold-out “Gortynia Day at the Winery.”

Tambassis family’s Mortdale dental clinic wins ‘Outstanding New Business’ at local awards

Mortdale-based dental clinic Smile Sanctuary has been named ‘Outstanding New Business’ at this year’s Georges River Local Business Awards.

Australian investors to get exposure to historic Greek mega-property development

Australia’s property and investment community will get a first-hand look at The Ellinikon, Europe’s largest urban regeneration project.

Oakleigh Grammar students shine in Certificate of Attainment in Greek

Oakleigh Grammar has celebrated the outstanding success of 12 students who undertook the Certificate of Attainment in Greek examinations. 

AHEPA Australia raises funds to support Greek language in Greece’s remote island schools

AHEPA Australia’s NSW branch, in partnership with the Kostis Palamas Centre, has successfully hosted a patriotic fundraising event.

You May Also Like

Greek Cypriot woman in detention in north Cyprus after illegally fleeing from domestic violence

32-year-old Greek Cypriot woman who has been living in northern Cyprus for several years, has been put in detention in the north away after reportedly trying to end her life.

‘We do it all with love’: St Elesa Food Initiative supports those in need in Sydney

The St Elesa Food Initiative was launched by Kogarah's Greek Orthodox parish and supports those in need in Sydney.

Consul General of Greece in Sydney holds video conference with the Governor of NSW

The Governor of New South Wales had a video conference with the Consul-General of Greece in Sydney, Mr Christos Karras, on September 6, 2021.