She may appear to live a life of luxury with designer clothes, handbags, and expensive dinners out, but ‘nude artist’ Dina Broadhurst’s money woes have been exposed after the sale of her stunning Darling Point apartment.
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 $8.4million.
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.
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Dina Broadhurst, 48, had her money woes exposed on Tuesday after she dramatically slashed the asking price of her lavish Sydney pad
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.
The ‘nude artist’ originally listed the property she shared with ex Max Shepherd, 32, for $11.5million, but only sold it for $8million after dropping it to $8.4million
‘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.’
Now, it’s been revealed the pair took out two mortgages and a personal loan just to fund the renovation on the Darling Point home, reported realestate.com.au
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.