‘Desperate’ Salim Mehajer sells the first piece of his property portfolio for $1.6million after being jailed and declared bankrupt
- Disgraced former Deputy Mayor Salim Mehajer has started selling his assets
- Mehajer, 32, is currently serving time behind bars for electoral fraud charges
- Mehajer was declared bankrupt in 2018, and put a Sydney property for auction
- The auction was a success and the 3 bedroom home was sold for $1.6million
The disgraced former Deputy Mayor of Auburn Salim Mehajer has started selling off his assets less than a year after he was declared bankrupt.
The 32-year-old is currently serving time behind bars in Cooma Correctional Centre, south of Canberra, for electoral fraud charges, and despite his imprisonment he’s began auctioning off his property portfolio.
Mehajer’s three-bedroom property at Bayside in inner Sydney was up for auction on Saturday.
Disgraced former Deputy Mayor of Auburn Salim Mehajer (pictured) has started selling off his assets less than a year after he was declared bankrupt
In an auction that took place on Saturday, Mehajer’s three-bedroom property (pictured) was up for sale
CIA Real Estate Auburn agent Joe Salah, who ran the auction, said he was ‘under instruction to sell for a very desperate vendor’, reported The Daily Telegraph.
The urgency of the sale was also highlighted on the property listing on realestate.com.au.
While describing the property and its attributes, the listing added the residence was being sold by a ‘very genuine vendor’ and ‘must sell’.
Although it’s understood neither the listing nor the auctioneer referenced the actual name of the infamous seller.
CIA Real Estate Auburn agent Joe Salah, who ran the auction for the property (pictured), said he was ‘under instruction to sell for a very desperate vendor’
The auction proved to be a success for Mehajer, as the residence sold for more than $1.6 million.
The sale was a huge increase from the last time the property was traded in 2015, at $1.4 million.
It’s reportedly the third time Mehajer has tried to sell the property in the past year.
t’s reportedly the third time Mehajer (pictured) has tried to sell the property in the past year
The property had previously been withdrawn from the auction schedule in April 2018.
And in November 2018, another auction proved fruitless with just two registered parties.
Mehajer is residing in jail until for at least another two months, when he is eligible for parole.
He was jailed in June 2018, with an 11 month non-parole period, for electoral fraud.
Just a few months prior to his imprisonment a federal court judge declared him bankrupt.
The property (pictured) had previously been withdrawn from the auction schedule in April 2018