Bullion, gems found at Sydney storage unit

An Aladdin’s cave-style den of allegedly stolen goods has been uncovered by police investigating a series of burglaries in Sydney and Melbourne.

The $6.5 million haul – including 120 kilograms of silver bullion, thousands of pieces of jewellery, family heirlooms, precious gems and $4 million in cash – was found at a storage unit in Crystal Street, Waterloo on Wednesday.

Police allege the items were stolen during a string of home burglaries on Sydney’s north shore and a break-in at a storage unit in Ivanhoe, northeast Melbourne, earlier this year.

Detectives set up a strike force to investigate the alleged burglaries in September and arrested two men, aged 33 and 56, at a boarding house in Randwick, in Sydney’s east, on December 19.

The men were extradited to Victoria and remanded in custody.

Inquiries regarding the Sydney burglaries are ongoing, NSW police said.

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