Malcolm Shearer


PHOTO: ALDEN WILLIAMS/STUFF Fraudster Malcolm David Shearer, 64, says he can be a little unreliable, but he’s a “very giving” person

Conman Malcolm Shearer offered $2.6 million for a palatial rural mansion while people chased him for hundreds of thousands of dollars. Blair Ensor reports.

It’s a property most people in New Zealand can only dream of buying.

The palatial mansion, set on 4 hectares of rural land on the fringe of Christchurch, has six bedrooms, four bathrooms, marble flooring and an indoor swimming pool. It looks out over a lake and a tightly cropped lawn not dissimilar to a golf course fairway.

There was plenty of interest in the “private oasis”, which had a 2016 rateable value of nearly $3 million, when it was listed in August last year.

READ MORE: * Fraudster Malcolm Shearer saved from jail by his estranged children

It was to be sold at auction the following month.

The owners were caught a little off guard when smooth talking entrepreneur Malcolm Shearer made an unconditional $2.65 million offer that they couldn’t refuse.

The property was pulled from the market and sold stickers appeared on roadside placards.