'Nude artist' Dina Broadhurst's money woes exposed after she sells her lavish apartment with ex Max Shepherd
Dina, 48, originally listed the property she shared with her ex Max Shepherd for $11.5million, but only sold it for $8million after slashing the price to $8.4 million.
Now it's been revealed the pair took out two mortgages and a personal loan just to fund the renovation of the home.
According to realestate.com.au., Dina and Max, 32, originally financed the renovation project with a standard NAB mortgage.
Max also took out a $260,000 loan with veteran Sydney businessman Basil Sellers in 2022, with the amount owing at $358,000 just last month.
From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop.
The home, which sold last month during undisclosed pre-auction negotiations, then underwent a 'Cinderella transformation' by designer Josh Knight from Glebe.
'No expense was spared to deliver a home of high-end luxury showcasing bespoke design by Studiojos,' its marketing advised.
Dina and Max then split in mid-2023 after more than four years together, with the duo securing a second mortgage on the house the following year.
NSW Land Registry documents indicate they received second mortgage funding of $500,000 from Greg Reed's Benchmark Property Finance in April 2024.
It was obtained at 24 per cent for nine months for a total of 70 per cent loan-to-value ratio (LVR) - the percentage of a property's value which is borrowed as a loan.
The amount had skyrocketed to $1.16million by September, with the funding agreement stating the property had to be listed for sale within five months.
In February, Dina and Max had the loan extended to August.
When Daily Mail Australia reached out to Dina for comment on Wednesday, she said: 'Despite reducing the price to meet the market the property sold for more than the cost of acquiring it and renovating. Both Max and I were very happy with the result and we are both excited to move on to new ventures.'
The Etham Ave garden apartment was originally meant to be sold at auction in December for double the $5.2million they first paid in 2022.
The listing was soon pulled amid insider predictions the price tag would fall.
Around the same time, the exes were seen reuniting to sunbathe at Kutti Beach, where Dina went topless, while working together to find a buyer for the property.
Dina exclusively claimed to Daily Mail Australia in January she made the move to yank the listing because she was not sure she wanted to part with it.
'The property has been pulled for a few months as I am considering retaining the property for myself,' she said.
'I'm doing a trial living here over the summer until I work out if I will keep it or buy overseas next year instead.
'The property has had ample interest and a decision will be made shortly as to whether we proceed with the sale or not.'
Dina pulled the newly renovated pad from the market just two months after it was listed, and one month before it was set to go to auction.
However, the socialite made headlines when she dramatically slashed the listing price by $3.1million this year.
The three-bedroom, two-bathroom apartment was set to go to auction in June with a price guide of $8.4million.
However, it reportedly sold for $8million in pre-auction negotiations just hours before it was set to go under the hammer.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
10 minutes ago
- Reuters
Australia's BlueScope leads global steel giants in push for Gupta's Whyalla plant
Aug 4 (Reuters) - Australia's BlueScope Steel ( opens new tab said on Monday it has assembled a heavyweight consortium of global steelmakers to bid for Sanjeev Gupta's troubled Whyalla Steelworks, over a month after the local government formally opened a sale process. The group — comprising Japan's Nippon Steel (5401.T), opens new tab, India's JSW Steel ( opens new tab, and South Korea's POSCO ( opens new tab — brings a combined market value of A$115 billion ($74.4 billion), and is eyeing the South Australian plant as a future hub for low-emissions iron production for domestic and export markets. The consortium has lodged a non-binding expression of interest but has yet to submit a formal bid. Whyalla Steelworks was placed in administration in February, after its operating company collapsed under tens of millions in debt. The Australian and South Australian governments stepped in with a joint A$1.9 billion rescue package to safeguard local jobs and preserve a key piece of industrial infrastructure. Australia formally opened the sale process in June, citing strong global interest from companies seeking a foothold in the emerging green steel economy. Gupta's family conglomerate, GFG Alliance, was not immediately reachable for a Reuters request for comment. ($1 = 1.5466 Australian dollars)
Daily Mail
42 minutes ago
- Daily Mail
Anthony Albanese commits an extra $176million for Indigenous Australians amid calls for a treaty
Anthony Albanese has unveiled a $176million funding package aimed at boosting economic opportunities for Indigenous Australians, announced during his address at the Garma Festival in northeast Arnhem Land. The funding forms part of a new economic partnership with the Coalition of Peaks and the First Nations Economic Empowerment Alliance. It includes $70million for Indigenous clean energy projects, $31million for a mobile TAFE program, and $75million for native title reform under the partnership. 'This builds on our commitment to the Closing the Gap Agreement, to its call for a new way of doing business and to the principle of shared decision-making,' he told the festival audience at Gulkula in the Northern Territory on Saturday. The approach will allow traditional owners to advocate for infrastructure, housing, and energy projects on their land and build equity beyond the land itself. Coalition of Peaks lead convener Pat Turner said the partnership was about putting Indigenous communities in control of their economic future. 'Aboriginal and Torres Strait Islander people have been clear for decades that our community-controlled organisations are the best employers of our people, providing the foundation for our economic development,' she said. Addressing the crowd at Garma, Yolngu leader and chair of the Yothu Yindi Foundation Djawa Yunupingu said he wanted a real economy for his people. 'We intend to use our lands and waters for our own future and the future of our children, and the future of our nation,' he said. National Native Title Council chief executive Jamie Lowe said this funding showed the government was serious about supporting traditional owners. 'Investing in the native title sector is game-changing,' he said. 'This injection of capacity will mean more jobs, more opportunities for young people and stronger protection for our cultural heritage.' While some organisations met the prime minister's announcement with praise, Aunty Glendra Stubbs, the elder in residence at community legal centre Knowmore, expressed disappointment in the lack of any mention of truth-telling. The government backed away from its commitment to Makarrata in 2024, and though he acknowledged the work of the Victorian truth-telling inquiry Yoorrook, Mr Albanese made no mention of a national process in his address. Aunty Glendra said it hurt to see truth-telling missing from the conversation. 'Our people have been asking for this for generations,' she said. 'Without truth, the pain of colonisation remains open -generation after generation. 'We can't heal what we won't name.' Victorian senator Lidia Thorpe said it was time for Mr Albanese to recommit to federal truth-telling and treaty. 'Cash for the corporations and a few utes are crumbs on the table while so many of our people are dying in custody and governments continue to steal and jail our children at record rates,' she said. Garma is marking its 25th festival, and Mr Yunupingu acknowledged those who started it in 1999 - his brothers - and the festival's roots in promises of treaty, which were 'washed down' by governments of the past but never forgotten. Mr Yunupingu said he felt the disappointment again at the result of the Voice referendum in 2023. 'We talked about it last year, we shed a tear to that and now it's behind us,' he said, speaking about Mr Albanese's visit to Garma in 2024.
Daily Mail
5 hours ago
- Daily Mail
Villagers whose country idyll was 'destroyed' by traveller site overnight furious after family submits retrospective permission to make site permanent and some are even considering moving
A luxurious property has gone on the market just weeks after an illegal travellers' site appeared on its doorstep. The stunning four-bedroom detached bungalow – priced at offers around £950,000 – is less than 150 yards from the caravan park, which is built on green belt land and without planning permission. Set in 3.5 acres of rural land, the high-specification property includes stables and a hot tub area, perfect for entertaining friends. Estate agents Stapleton Derby described the home as: 'Set within a peaceful rural location and offering superb access to all major motorway connections. 'This absolutely stunning, newly built four-bedroom detached bungalow presents a rare opportunity to acquire a luxurious home with its own equestrian facilities and expansive land. 'Designed with elegance and practicality in mind, the property is a true sanctuary, combining high-end finishes with thoughtful architectural detail. 'Externally, the front of the property welcomes you with a charming courtyard and ample parking for multiple vehicles. 'To the rear, a private oasis awaits, featuring patios, a hot tub, decking with seating areas, an Astro turf lawn, and a large pergola with its own bar and social space —perfect for entertaining or unwinding in style.' The current owners made the decision to sell as villagers fear the caravan camp, which sprung up in May – will knock hundreds of thousands of pounds off property prices. Rex Bennett, 78, said: 'Judging from past experiences of travellers' sites appearing close by, house prices will definitely fall. 'I've lived here nearly 40 years, and it's happened before when travellers' site spring up. 'The value of people's houses will fall and the owners lose money. 'Whether the reasons are justified or not, no one would choose to live near a caravan site.' He added: 'I haven't heard of anyone having trouble with the travellers but that doesn't make what they have done right. 'They have been very clever about how they have gone about building it. 'Turning up on a Bank Holiday weekend, knowing full well they wouldn't be stopped. 'It was very well thought out.' Stephen Holgate, 55, said: 'I don't have a problem with the site but then again, I don't have to live next to it. 'I'm not sure how I'd feel if they were my neighbours.' The travellers tore up the protected six-acre greenbelt plot, in Burtonwood, Cheshire, in just 72 hours – covering it in hardstanding and erecting a 10ft perimeter fence. The site located between Tan House Lane and Farmer's Lane was lit up like 'Blackpool Illuminations' at night according to one neighbour. Warrington Borough Council said it was aware of the 'potential breach of planning control' and vowed to 'take strong enforcement action within the legal framework.' A retrospective application has been submitted seeking full planning permission for a change of use of land associated with Tan House Farm. The documents state the change of use is for a gypsy and traveller residential site, with four pitches and associated landscaping, and the installation of a farm gate to a footpath on the corner of Tan House Lane and Farmers Lane. Applicant John Varey said the pitches can accommodate a mix of 16 caravans and mobile homes, occupied by Romani gypsies. The report added: 'All of the proposed occupants grew up in nomadic families and have continued to follow that way of life. The families travel in caravans for work and to attend fairs. 'The site is in the greenbelt, however, the land represents 'grey belt', and on that basis, the development is not necessarily inappropriate within the green belt.' Planning documents continued: 'The proposed site provides four gypsy and traveller pitches which are safe, well-designed, and ensure that the site will be private and provide a favourable living environment. 'The proposals include substantial planting and screening, which will result in an on-site biodiversity net gain 'The site will be well screened and capable of integrating with the area, which is characterised by farmland and some other pockets of residential development. 'The site is already connected to water, and connection to the electricity grid is proposed and achievable. 'The package treatment plant and welfare units facilitate the effective management of foul waste. 'The entire site remains permeable, ensuring that surface water will soak away, and the site is well drained with a ditch along the northern boundary. 'Given the families' lack of alternative accommodation, their living standards have been greatly improved since moving onto the application site.' Villagers have already expressed concerns that a metal gate has been installed on a public right-of-way. The planning document read: 'The metal gate is 3.6m, and a 1.2m gap is left to the right-hand side for pedestrians which enables continued access to the public right of way. 'The road is owned by the applicant and the gate is locked with a padlock. For reasons relating to fly-tipping and security, we would argue that the gate should be approved as part of the planning application.' The council has been inundated with objections by villagers. One objector wrote: 'The land has been destroyed without any planning permission, our greenbelt completely vandalised with absolutely no regard to the rules or residents. 'It is absolutely disgusting that this has been allowed to happen.' Another said: 'The site has damaged the natural beauty of the area and transformed once green belt land into a caravan park. 'Not only this, but a footpath has been obstructed with little to no consideration for anyone who plans to use this regularly used route. 'Failure to reject this planning application will only lead to further exploitation of the system in similar ways around the area, which will seriously damage an area of considerable natural beauty and wildlife.' But one letter of support read: 'I have spoken with some of the people on the caravan park at the village café. 'They were polite, friendly, and explained the situation of Warrington having no caravan sites for them to live on. I am happy with them being there. It is better than them on our parks.' The council is expected to reach a decision on the retrospective planning application later in the year.
