Dashdot’s liquidator is clawing back a $70,000 founder loan amid $15.5 million in creditor claims
The liquidator of collapsed buyers’ agency Dashdot expects to retrieve a $70,000 loan made to its founders, with less hope of recovering a $3 million inter-company loan for Dashdot’s long list of creditors.
A June report from liquidator Rebecca Gill has shed more light on the finances of Dashdot Pty Ltd, which suddenly caved in May.
Creditors have been waiting for answers about Dashdot’s finances and the prospects of returns on the $15.46 million allegedly owed to outstanding customers, staff, and financial supporters.
The findings, first reported by Capital Brief, show Gill expects to retrieve a director loan, totalling $69,295.23, made to directors and co-founders Glenn ‘Goose’ McGrath and Gabi Billing.
$3m inter-company loan irretrievable
Gill also identified an inter-company loan of $3.08 million made to Global Proptech Operations Pty Ltd — a corporate entity McGrath and Billing used to build Rhomeo, a proprietary real estate industry software tool.
Unlike the director loan, the report states Gill expects none of that value can be returned to creditors.
Beyond those outstanding loans, Dashdot Pty Ltd held just under $750 in a Commonwealth Bank account.
The report lists hundreds of creditors, mostly property buyers who handed Dashdot tens of thousands of dollars to help assemble an investment portfolio.
But major creditors include venture debt provider Mighty Partners, which claimed $1.5 million against the collapsed business.
The Australian Taxation Office ($915,995.27), Meta ($134,671.23), and American Express ($413,734.83) also number among the largest creditors.
The report is the latest public account of one of Australia’s most notable property investment startups.
The business claimed to have helped customers acquire nearly $2 billion of property since launching in 2019 and was actively advertising its services through early 2026.
But the business entered voluntary liquidation six weeks ago, with McGrath citing a bruising combination of economic factors, declining investor sentiment, and surging social media marketing costs.
McGrath and Gill were contacted for comment.
