Former councillor's $1.21M property portfolio ordered to be sold by receivers
Receivers appointed to 13 companies linked to McCullagh will sell three properties valued at $1.21 million.
Lender Bizcap appointed receivers to take control of 13 companies directed solely by Andrew McCullagh following loan agreements in December 2025. The companies hold land and units in Longford, Swansea and Perth valued at $200,000, $600,000 and $410,000 respectively.
The properties will be put to market within four months. McCullagh is a former councillor on the Northern Midlands Council.
He said the remaining loan balance was about $111,000.
- Andrew McCullagh
- Former councillor
- Northern Midlands Council
- Council
- 13
- Companies in receivership
- $1.21 million
- Total property value
Why it mattersLoan defaults and receivership signal financial difficulty for property developers, affecting creditors and investors across the sector.
