Former Tennis Australia chief sells Melbourne home at $5.75m loss
Craig Tiley's beachfront home in Aspendale was sold at a loss after he purchased it for $13.1 million.
He listed the property for $11.5 million before reducing the price to $8.75 million.
The final sale price of $7.35 million amounted to a financial loss of $5.75 million.
Tiley also incurred an additional cost of $831,500 in stamp duty related to the sale.
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