Ms Caddick is suspected of stealing millions before she vanished from her Dover Heights home just over a year ago.
In a major win for her victims, some of Ms Caddick’s assets will be sold, but not all of the money she took will be returned.
The $6 million Dover Heights mansion is among Ms Caddick’s assets to be carved up after the Federal Court officially appointed receivers and liquidators.
Anthony Koletti, Ms Caddick’s husband, now stands to lose his home.
“It’s the next stop – and indeed a critical and beneficial step – for investors who have lost money with Melissa Caddick,” Bruce Gleeson, from Jones Partners Principal, said.
The property sale will only be a fraction of what Ms Caddick owed to 72 clients who she stole more than $23 million from over eight years.
Ms Caddick spent the money on designer cars, clothing, jewellery, and overseas trips instead of investing it.
She vanished a day after ASIC raids last November.
Some of her remains later washed up on a South Coast beach.
Police believe Ms Caddick may have taken her own life after vanishing from Dover Heights.
The coroner’s report is yet to be handed down.
The next step in the selling of Ms Caddick’s assets may be complicated as her parents partly own her Edgecliff property, where they could claim ownership.
This means it may not be sold off.