A $39 million Sydney mansion illegally bought by a Chinese-controlled company has been resold to an Australian citizen, Treasurer Joe Hockey says.
Mr Hockey ordered the sale of the six-bedroom Villa de Mare in the affluent eastern suburb of Point Piper in March.
He said the property had been bought illegally in November last year because the buyer, Golden Fast Foods, failed to notify the Foreign Investment Review Board as required.
Mr Hockey confirmed the sale to Reuters.
"The property that has been reported has been resold to an Australian citizen," he said.
He declined to name the new owner.
Golden Fast Foods is controlled by China's Evergrande Real Estate Group, which is listed on the Hong Kong Stock Exchange via shelf companies in other countries.