Ron Medich's murder trial will go ahead in July after the Supreme Court rejected his claim that he did not have the funds to pay his barrister.

The one-time property tycoon will stand trial for the murder of his former business partner Michael McGurk.

Ron Medich leaves the Supreme Court on Tuesday. Credit:Daniel Munoz

The Scottish-born developer was shot dead outside his Cremorne home in 2009. Mr Medich, 68, is accused of being the mastermind behind the murder. He has pleaded not guilty.

Last week Supreme Court Justice Geoff Bellew was told that despite selling his Point Piper waterfront mansion for $37 million in 2014, he has run out of money and has been forced to borrow from others.