The co-founder of software giant Atlassian and his investment banker wife have set a record for Avoca Beach with their purchase of the five-bedroom home.
Westpac alleges Vince Tesoriero, who appeared in court for the first time, received $28 million from Bill Papas that was part of the proceeds of an alleged massive fraud on the bank.
A second Central Coast holiday home owned by Bill Papas has been sold, amid speculation the result is less than the initial asking price of $10 million-plus.