Rugby league star Josh Papalii embarks on Gold Coast investment

NRL player Josh Papary and wife Sepa invest in Mermaid Beach

NRL prop Josh Papali’i has upped his real estate game by securing an investment in one of Qld’s most expensive markets.

In a bid for his side to claim Grand Final glory this season, Canberra Raiders star Papalii has made an off-field victory as the new owner of a two-bedroom unit in Mermaid Beach on the Gold Coast. I was.

To show confidence in his home state’s real estate market, Paparee and wife Sepa dropped $740,000 on an apartment, one of three blocks in a popular seaside suburb.

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Papali’i grew up in the Logan suburb of Woodridge and has worn the Maroons jersey in every State of Origin series since 2013.

He signed buyer agent Matt Srama (former NRL Gold Coast Titans player) and negotiated with Ray White’s Matt Hughes to secure a pre-market deal.

Srama said the 405-square-meter unit block is located just 100 meters from the beach and the famous Hedges Ave, known as Billionaire’s Row and home to some of the state’s most luxurious beachfront homes. I’m here.

Unit is only 100m to Mermaid Beach

“The unit market here on the Gold Coast is very fragmented. You can get a really good investment by managing

An old-style block of less than 10 units east of the Gold Coast Highway is doing well, he said.

“The unit we reserved for Josh and Sepa was one of only three on prime property 100 meters from the beach, so they basically owned a third of the land. I own it.

“Keeping in mind that supply is being built in the high-rise market, we tend to stay away from these high-density unit blocks because land is important,” he said.

One of three in the block.

The unit was sold as a tenant at a rental valuation of approximately $600 per week.

According to PropTrack’s Market Trends Report, the median home price in Mermaid Beach was $2.8 million in September, up 38% over the past 12 months.

The air-conditioned apartment has 2 bedrooms with built-in wardrobes, 1 bathroom and a powder room.

It has a private courtyard and was recently updated with new carpet and paint.

The unit was last sold in 2015 for $400,000.

Papali’i, a father of three, and his wife Sepa sold their first family home, a three-bedroom house in Ngunnawal, ACT, for $591,000 in 2020.

Rugby league star Josh Papalii embarks on Gold Coast investment

Source link Rugby league star Josh Papalii embarks on Gold Coast investment

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