A former Jetstar pilot may lose his million-dollar home after being found guilty of murder - leaving his loyal wife homeless after a brutal year-long trial. 

Greg Lynn's $1m Caroline Springs home in Melbourne's west has been in state hands for more than a year while the alleged double murder trial progressed in the courts. 

Lynn was found guilty of the murder of Carol Clay, but not guilty of the murder of Russell Hill, in the Supreme Court of Victoria last week.

His wife Melanie Lynn, who has been sole proprietor of the estate since his arrest in November 2021 has supported her husband throughout the trial.

But she faces the prospect of the home being sold to compensate Mrs Clay's family.

Lynn pleaded not guilty to the murders of campers Mr Hill, 74, and Ms Clay, 73, in the Wonnangatta Valley on March 20, 2020.

Police restrained the three-bedroom home prior to the trial and have held a legal restraining order on it ever since.

The order means that the proceeds of a potential sale can provide compensation for victims.

A possible compensation figure for Mrs Clay's family is still yet to be determined by the court. 

It's understood that Lynn intends to appeal against the guilty ruling, The Herald Sun reported.

The order on the property would be lifted if Lynn is aquitted.

but if the verdict were to stand Mrs Clay's family could seek compensation for the crime. 

Mrs Lynn is still living in the home and has erected multiple signs instructing passers-by not to approach the property. 

She has remained a fixture at her husband's side during the trial even after he confessed to burning the bodies of Mr Hill and Mrs Clay.  

While Lynn always denied murdering the couple, the jury heard he freely admitted to cleaning up the alleged crime scene and destroying the evidence.

'It was despicable,' Lynn conceded.

'All I can say to the families is that I am very sorry for all of your suffering that I've caused ... yes I should be punished for it. For what I did.'

The jury of 12 unanimously found Lynn murdered Ms Clay before attempting to cover his tracks by burning and destroying the evidence. 

The court found him guilty of murdering Mr Hill however, meaning that his family is not eligible to claim any compensation for his death from Lynn. 

It's unknown if authorities have frozen any of Lynn's other assets during the trial.