Probe into Melb real estate branches

Six LJ Hooker branches run by the same Melbourne couple have been closed as the state's consumer affairs regulator investigates large financial losses affecting more than 100 customers.

LJ Hooker Glen Waverley, Keysborough, Mount Waverley, Burwood, Doncaster and Box Hill have been closed since April 21.

Consumer Affairs Victoria (CAV) said on Friday it had taken possession of the offices as it investigated allegations its directors Judy Nguyen, also known as Judy Thanh Truc, and husband Joseph Ngo spent customer funds that were meant to be held in trust.

"Initial indications are there are more than 100 landlords and sales customers of the franchise impacted, involving substantial amounts of money," the regulator sad in a statement.

A statutory manager has been appointed to deal with outstanding consumer, landlord or tenant transactions, and wind the business down.

LJ Hooker's head office is helping the regulator investigate and identify any losses, CAV says.

The real estate franchise network has been contacted for comment.