Former rugby league star Lou Zivanovic lists Dural estate for $12m after ASIC ban

The six-bedroom, four-bathroom property in Sydney's Hills District includes a pool, new Calacatta marble kitchen, cinema, and a games room with bar and wine cellar. Local sources say the Zivanovics purchased the estate for $11 million in October 2021, settling in February 2022, and have since made substantial renovations including a new kitchen, painting, wall panelling and landscaping improvements.

Lou Zivanovic, who played for the Penrith Panthers in the NRL, was banned by the Australian Securities and Investments Commission (ASIC) for three years from 2016 to 2019 over the collapse of 18 building and construction companies he operated, as previously reported by this masthead. The property listing comes as the family looks to sell the grand single-level home they have extensively renovated.

Analysis

Why This Matters

Highlights the strength of Sydney's luxury property market, with potential profit after renovations.
Brings renewed attention to Zivanovic's past regulatory ban and the collapse of his building companies.
Raises questions about transparency in high-end real estate transactions involving individuals with regulatory histories.

Background

Lou Zivanovic played for the Penrith Panthers in the NRL. After his playing career, he operated a number of building and construction companies. In 2018, it was reported that he had been banned by ASIC for three years from 2016 to 2019 following the collapse of 18 companies he operated. He and his wife Olivia purchased the Dural estate in 2021 and undertook substantial renovations.

Key Perspectives

The Zivanovics: They are selling a property they invested heavily in, aiming to realise a return above the $11 million purchase price after renovations. Property market observers: The listing provides a data point for Sydney's prestige market in the Dural area, an affluent suburb in the Hills District. Critics: The sale may draw scrutiny given Zivanovic's past ASIC ban and the debts left behind from his collapsed companies, raising concerns about financial accountability.

What to Watch

The eventual sale price relative to the $12-12.5 million guide.
Whether any regulatory or creditor issues resurface in connection with the sale.
The level of buyer interest in Dural's premium housing segment.

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