The NRL players investing in the property market
Some of the NRL’s biggest names are setting themselves up with impressive property portfolios, amassing millions of dollars’ worth of real estate in prime parts of Sydney.
The Burgess brothers, Sam, Luke, George and Tom are renowned for their investments around the city, at one stage owning over $11.5 million worth of real estate collectively.
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The south east has proven to be a happy hunting ground for the family, with Sam recently offloading his Bondi Beach investment property for $3 million.
Burgess and wife Phoebe were set to move into the apartment upon their return to the South Sydney Rabbitohs in 2016 but opted to buy a $3.8 million house in Maroubra.
His brothers are just as active in Randwick, Chifley and Coogee.
Up north, Manly Sea Eagles stars Jake and Tom Trbojevic have been investing heavily despite their young age. Most recently locking up a house and land package each in Warriewood’s Fern Creek estate, spending $964,000 per home just three doors away from each other.
This is on top of the combined $3.2 million they have spent on apartments across the northern beaches.
Sydney’s east is always a popular spot, with Roosters recruit Angus Crichton and young gun Victor Radley recently buying in Rose Bay and Bondi Beach respectively. Teammate Luke Keary snapped up a home in Dover Heights last year for around $2.7 million.
His premiership winning teammate Cooper Cronk and wife Tara Rushton bought a luxurious house in Mosman for $3.5 million in 2017 after he decided to make the move from Melbourne.
Buying isn’t limited to just Sydney’s most exclusive pockets with players keen to snap up property out west.
Newly re-signed Panthers halfback Nathan Cleary wasted no time making his first purchase, splashing $1.05 million in Penrith while his father and Coach Ivan has a four-bedroom home in Leonay as well as another in Newport.
Troubled ex-NRL star Jarryd Hayne has properties spread throughout Sydney, including two units in Parramatta and a Darlinghurst terrace. He recently offloaded a home in Paddington for $2.85 million.
More and more players are recognising the need to secure their futures beyond their playing careers.
Penrith Panthers half James Maloney, has three properties in Glenmore Park, Maroubra and the Gold Coast, said paying off a home was always a career goal.
“You have the luxury of earning some good money and the ability to do the right things with it and set yourself up,” Maloney said.
“There is more awareness around that players have this short window and even guys who might not have a long career have the opportunity to earn more than the average wage, which could put them ahead of the majority of people.”
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St George Illawarra Dragons forward Jeremy Latimore has owned three investment properties throughout his career and plans to enter the finance industry once he retires.
“I definitely advise getting into property and putting your money into something, but you do need to diversify,” Latimore said.
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Ex-NRL player turned real estate agent Broderick Wright said many players often rely on the rental income off their investments to supplement their wage post football.
“We find that players who have their head screwed on while playing tend to reap rewards later on through long term investment strategy,” he said.