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AAP
AAP
National
Tiffanie Turnbull

Cops to search for Caddick remains in Syd

Police are searching waters near the Sydney home of missing woman Melissa Caddick, for her remains. (AAP)

Police divers again attempted to search for the remains of alleged con-woman Melissa Caddick in waters just metres from her home in Sydney's eastern suburbs.

Officers assessed the conditions off Dover Heights on Wednesday, but determined it was too rough to safely enter the water.

Divers will return on Thursday to assess conditions again.

The area to be searched is just a couple hundred metres from the Wallangra Road home where the alleged fraudster was last seen alive.

Ms Caddick vanished the day after corporate watchdog ASIC executed a search warrant at her luxury Dover Heights home on November 11.

Liquidators say the 49-year-old mother "meticulously and systematically" deceived those who entrusted millions of investment dollars to her over seven years, then used the money to fund her lavish lifestyle.

The search comes a day after police confirmed a chunk of stomach flesh found at Mollymook on the NSW south coast do not belong to Ms Caddick, but an unnamed man last seen on February 1.

His death is not being treated as suspicious.

Remains found at two other south coast beaches have also since been confirmed to be animal.

Thus far police have only found Ms Caddick's badly decayed foot, which washed up south of Tathra on February 21.

NSW Police Assistant Commissioner Mick Willing last week told reporters foul play against Ms Caddick was possible but suicide was more likely.

Modelling by NSW Police marine rescue teams, taking tides and drift patterns into account, has explored the possibility that Ms Caddick entered the water near Dover Heights, where she lived, around November 12.

The modelling deemed it possible that her foot could have drifted to Bournda Beach, where it was discovered by a group of campers.

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