Roxy Jacenko's ill-fated 'giveaway home' that was billed as a $10m waterfront mansion sells for $7.3m

Daily Mail​

06-05-2025

The Cronulla mansion at the centre of Roxy Jacenko 's ill-fated $10 million house giveaway has sold for $7.3 million, one year after the promotion led to legal battles.
The four-bedroom, four-bathroom home, which offers ample space with 468 square metres of land and two parking spaces, is billed as a 'contemporary masterpiece'.
The luxury property was at the heart of controversy last year when Jacenko, alongside businessmen Youssef Tleis and Kassim Alaouie, launched a promotion offering it as a grand prize for customers of her boot camp course.
The giveaway promised a $10 million waterfront home, a Birkin bag and a Rolex watch, with just one lucky participant set to win the grand prize.
However the promotion faced immediate backlash when Jacenko abruptly pulled out, citing a 'shortfall' in the prize money pool.
This decision led to contested court proceedings and a string of refunds issued to disappointed entrants.
But most participants were left out of pocket after a narrow refund window, sparking outrage.
The failed giveaway resulted in the winding up of Jacenko's Bootcamp business, with the NSW Supreme Court calling in liquidators.
Jacenko has since expressed regret over the venture while also asserting she had not been legally obligated to issue the refunds.
Despite the controversy, Jacenko's legal battle with her former business partners continued to unfold throughout the year.
In the wake of the giveaway's collapse, the property had initially been listed for sale in 2023 at an estimated $10 million, but failed to find a buyer at that price.
Now, after months of negotiations, the property has sold for $7.3m to a company directed by Andrew McVeigh, founder of Remara Investment Management.
Co-owners Mr Tleis and Mr Alaouie initially listed the four-bedroom property for auction in 2023, later withdrawing the listing when they failed to find a buyer.
After the controversial failed lottery venture, Jacenko was said to have paid out $76,000 in refunds to disgruntled entrants.
Jacenko had earlier taken to Instagram to claim she was leaving the joint business after discovering a 'shortfall' in the prize money pool and insisted she would offer customers' refunds out of her own pocket.
'I stand by my offer to refund customers and as a result of this, $684,000 of my own personal funds remain in my solicitor's trust account,' she told Daily Mail Australia at the time.
She then issued $76,019 in refunds to entrants of the aborted giveaway, just over 10 per cent of the money she claimed to have set aside for the repayments, The Daily Telegraph reported in June.
A total of 7,489 people had paid between $29 and $499 to sign up for the boot camp, but it was estimated that some 90 per cent of participants remained out of pocket after the refunds.
Only participants who lodged a refund request within a seven-day window from June 9 until June 15 were eligible to receive a refund.
After she came under fire for the brief refund window, Jacenko clapped back at critics on social media, claiming she wasn't even required to offer it.
'I'm now processing refunds from my personal bank account. As you know, I entered into a partnership with two others, which was a dismal f**king failure,' she began.
'If you're an honourable person, you put your hand in your pocket and refund people, which is what I am doing commencing this week. Refunds remain open until today.'
'One thing about the refund window, you don't go to Woolworths and buy Nutri-Grain and then in three months time suggest they should take it back and swap it or give you a full refund,' she added.