Tom Olley at the Grand Hotel on Goondoon Street, where his house was auctioned off by the bank.
Tom Olley at the Grand Hotel on Goondoon Street, where his house was auctioned off by the bank. Brenda Strong

Home sold off as dispute continues

THE Gladstone man who barricaded his house with an excavator and water trucks to stop the bank from taking it in June, has lost his home for a second time.

Last night at the Grand Hotel the bank that took Mr Olley’s home auctioned it for an undisclosed amount.

Mr Olley started falling into debt due to a long-standing dispute with a company he subcontracted to for over three years.

Mr Olley claims that the company owes him $274,000 for works completed.

Due to the unresolved dispute, Mr Olley’s funds were subsequently exhausted and he eventually lost his home.

Mr Olley won the first court case, however, the liquidator’s lawyers of the failed company appealed the decision last November, leaving Mr Olley in limbo again.

“They have got until this Friday to either make me an offer, refuse, or pull out of the game all together and then it goes to court again,” Mr Olley said.

“It has cost me a fortune as barristers aren’t cheap; they want money and more money.

“(The case) just keeps stalling and in the process I’m going broke.

“This is money that I have worked for and ... they (the lawyers) have accused me (during court proceedings) of lying and have questioned my integrity when all the documentation is correct,” Mr Olley said.



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