Brief
Former Penrith Panthers star Lou Zivanovic lists Dural estate for up to $12.5 million
The six‑bedroom property, bought for $11 million in 2021, has been extensively renovated and is now advertised for up to $12.5 million.
By Felo News Desk · Published
Former rugby league star Lou (Lubo) Zivanovic and his wife Olivia have placed their Dural estate on the market with a price guide of $12 million to $12.5 million, according to local sources cited by the Sydney Morning Herald.
What happened
The six‑bedroom, four‑bathroom single‑level house was purchased for $11 million in October 2021, with settlement in February 2022. Since then, the Zivanovics have undertaken extensive renovations, adding a new Calacatta marble kitchen, travertine floors, a cinema, gym, games room with bar and wine cellar, and an al‑fresco zone featuring a pool, spa and outdoor kitchen.
What the report adds
The article notes that the property’s original pool was retained, but the interior upgrades include wall panelling, fresh painting and landscaping improvements. Domain records confirm the purchase price and the recent renovations. The estate is described as designed for entertaining, with bi‑fold doors opening onto the outdoor amenities.
What was said
The SMH piece does not contain direct quotations from Lou or Olivia; it references earlier statements made by Zivanovic in 2018 about his ASIC ban and debts owed to creditors.
How it came about
Lou Zivanovic was banned by the Australian Securities and Investments Commission (ASIC) from managing corporations for three years, from February 2016 to February 2019, after the collapse of 18 building and construction companies he operated. A Federal Court decision in 2018 lifted a suppression order on the ban, revealing that the companies were allegedly insolvent and left creditors with unpaid debts of $26.8 million. Zivanovic claimed that $24.5 million of that amount was inter‑company debt owed to him, with the remainder owed to the Australian Tax Office, and that other creditors had been paid in full. After the ban expired, he resumed directing companies, including Cabe Developments, a property development firm he founded in 1999.
Key facts
- Lou and Olivia Zivanovic listed their Dural estate for $12‑12.5 million. (smh.com.au)
- The property was bought for $11 million in October 2021 and settled in February 2022. (smh.com.au)
- Renovations added a marble kitchen, cinema, gym, games room with bar and wine cellar, and an outdoor entertainment area. (smh.com.au)
- Lou Zivanovic was banned by ASIC from 2016‑2019 after the collapse of 18 companies, leaving $26.8 million in creditor debts. (smh.com.au)
Timeline
- 2016-02-01 — ASIC bans Lou Zivanovic from managing corporations for three years.
- 2018-01-01 — Federal Court lifts suppression order on the ban; Zivanovic loses appeal.
- 2021-10-01 — Zivanovics purchase Dural estate for $11 million.
Sources
- [1] smh.com.au — originally reported as “Former rugby league star once banned by corporate regulator lists $12 million estate”
