PHOTO: From million-dollar mansions to bankruptcy court — how the high-flying DG Institute founder crashed back to earth. Dominique Grubisa FX NEWS GROUP
From Powerhouse to Penniless: The Collapse of Dominique Grubisa
Dominique Grubisa, the self-styled property guru behind the now-infamous DG Institute, has officially filed for voluntary bankruptcy — and her fall from grace is sending shockwaves through the Australian property world.
Once a multi-millionaire selling wealth courses to thousands of hopeful Aussies, Grubisa now claims she’s broke. Her current bank balance? $73. Her only declared assets: $5000 worth of jewellery.
“It’s all gone — the properties, the business, the income,” she declared in her Statement of Affairs lodged with trustee Michael Jones.
She cited unemployment, legal action, a business meltdown, and a relationship breakdown as reasons for her financial ruin.
💸 Where Did It All Go?
The bankruptcy filings reveal that Grubisa:
-
Owns no property, car, superannuation, shares, crypto, or betting accounts
-
Is living rent-free in an undisclosed location — but not with a partner or family
-
Owes a staggering $3.44 million, including $1.95 million to the ACCC
🏡 Her $5.28 Million Mansion? Gone.
Grubisa’s luxury home in North Turramurra, known as Wedgewood Lodge, was sold in 2023 for $5.28 million. But she claims that every cent from that sale went to her ex-husband Kevin, as part of their matrimonial settlement.
Investment property spruiker Dominique Grubisa
🔒 Keeping Secrets
Interestingly, in her bankruptcy papers, Grubisa attempted to suppress her occupation. A strange move for someone once so publicly associated with real estate education and spruiking “wealth through property.”
Her seminar empire once promised Aussies financial freedom through programs like:
-
Real Estate Rescue (RER)
-
Master Wealth Control (MWC)
But between 2017 and 2022, more than 3000 people paid between $4,500 and $9,200 to attend those courses — many now demanding answers.
⚖️ Legal Slam: ACCC, Fines, and a Federal Court Smackdown
In 2024, Federal Court Justice Ian Jackman didn’t mince words. He ruled that Grubisa’s conduct was:
“Deliberate and dishonest.”
The court slapped her with:
-
A $1 million fine
-
A 5-year ban from managing companies
-
A demand to pay the ACCC’s legal costs
Her appeal was thrown out late last year, sealing her legal fate.
📢 Social Media Explodes
The downfall of Dominique Grubisa has triggered a firestorm on Reddit and property investor forums. Here’s what the internet is saying:
-
“We warned people for years, and now it’s all coming home to roost.”
-
“So many vulnerable people bought the dream and got burned.”
-
“She made millions teaching others how to make millions. Ironic.”
-
“Where’s the refund line for the $9K course?”
📣 Final Word
Grubisa once preached the gospel of financial freedom to thousands. Now, she’s become a case study in how quickly it can all unravel.
Whether you’re an investor, a former student, or just watching from the sidelines, this story isn’t over. And many are still waiting for accountability.
SOURCE: REALESTATE.COM.AU