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Buyer's agency clients urged to proceed days before collapse
David Meehan says he paid Dashdot $23,100 in April, and did not receive the property investment services he was promised. (ABC News: Daniel Irvine)
Buyer's agency Dashdot, which collapsed in May, has estimated liabilities of $16.6 million but just $71,000 in estimated realisable assets, according to an initial liquidators' notice obtained by ABC News.
The liabilities include $10.6 million in prepaid services or refunds it owes almost 700 customers.
Liquidators are investigating Dashdot's affairs and are expected to release a report to creditors within three months.
Customers were still being encouraged to proceed with Dashdot's property investment services just days before the buyer's agency entered voluntary liquidation, according to emails and messages obtained by ABC News.
Eye-watering amount owed to Dashdot clients revealed after buyer’s agency collapse
The scale of Dashdot Pty Ltd’s (Dashdot) collapse has been laid bare, with liquidators revealing hundreds of customers are collectively owed more than $10.5 million after the high-profile buyer’s agency entered liquidation.
The company entered voluntary liquidation in late May 2026, as reported by REB, with more details now emerging regarding the dire state of the company’s financial affairs.
The business was founded by Glenn “Goose” McGrath and Gabi Billing in 2019.
An initial report to creditors from Teneo Financial Advisory Australia, seen today by REB, shows 695 customers are listed as creditors for “prepaid services & refunds”, with claims totalling $10,594,079.
Prepayments and refunds to clients amount to a whopping 64 per cent of the total $16,572,792.80 owed to creditors, the liquidators’ report outlines.
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Deep dive: Inside the unravelling of buyer’s agency Dashdot
One day after the Albanese government handed down sweeping curbs to long existing housing tax concessions, Dashdot founder Glenn ‘Goose’ McGrath moved to reassure his property investor clients. “The plan still works. The maths still works. And we’re still here,” he wrote in a letter dated Wednesday 13 May.
Just two weeks later, the buyers agency — one of Australia’s largest — collapsed into voluntary liquidation. It has left hundreds of customers, who paid tens of thousands of dollars in upfront fees, out of pocket to the tune of millions and searching for answers.
A creditors’ report filed with ASIC last Friday and viewed by Capital Brief shows Dashdot collapsed owing $16.57 million. Stranded customers are cumulatively owed $10.6 million for prepaid services and refunds, venture debt provider Mighty Partners is listed as being owed $1.5 million, while staff are due $1.1 million in employee entitlements.
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