NRL stars spending their earnings in Queensland can often end up with a fiscal injury. Retired player Greg Inglis is the latest to suffer a loss when he offloaded his long-held Bundaberg district investment property.
The Bargara property market has yet to recover from the GFC.
Inglis bought the two-bedroom ocean-facing Manta apartment for $590,000 in 2008, just before the full impact. He has just sold for $465,000, after he was a realist in listing it at $475,000.
Inglis has been reshuffling his property portfolio following his retirement from the NRL.
He recently sold his Coogee semi for $2.475 million through McGrath agent Marnie Seinor, having paid $1.11 million in 2012.
Inglis and his estranged wife Sally Robinson recently spent $920,000 on a resort-style home in Shorncliffe, a coastal suburb northeast of Brisbane.
Elsewhere in Queensland, former NRL superstar Bryan Fletcher, who played for the Roosters and Rabbitohs, has sold his Gold Coast investment for $450,000 — not much more than his entry price. Situated 230m from Burleigh Heads beach, the two bedroom apartment had been bought off the plan in 2003 for $435,000.
Brisbane Bronco James Segeyaro is selling his Cairns property, which has been a $530-a-week rental after he paid $560,000 in 2016.
Singer Jason Donovan, who soon returns briefly to Australia to appear in the musical Chicago, has given his longtime Bondi Beach bolthole a $2,295,000 asking price.
Listing agent Hannan Bouskilaat Raine & Horne placed a $2.25 million vendor bid for Donovan, who was on the phone from London, during a mid-week auction but his potential buyers refrained from placing any formal bids.
The former Neighbours star bought the apartment in The Empire, Campbell Pde for $451,000 in 1994. Two of its three bedrooms have beach views.
Expat Herbert Smith Greenhills law firm chief executive Mark Rigottiand wife Mary have bought back in Sydney, emerging as the $4.1 million buyers of Cove House on Pittwater, in Clareville.
Set on 1845sqm on the Hudson Pde dress circle, the masterbuilt trophy home has four bedrooms, including a separate guest wing.
The living spaces open to the grounds which have direct access to a private beach.
LJ Hooker Avalon agents David Watsonand Andrew Mappinsecured the sale.
Now living in Wimbledon, London, the Rigottis are expected back in Sydney next year.
Former NSW Waratahs scrum-half Nick Phipps is offloading his Cremorne investment, having moved to the UK to play for London Irish.
Phipps paid $590,000 for the two-bedroom unit in 2012.
Ray White Lower North Shore agents Lewis Adamsand Mary-Jane Hamerhave a $900,000 guide for its November 28 auction.
Phipps and his partner, Macquarie banker Ebony Bamford, called Queens Park home, after paying $2,105,000 for an 1890s terrace two years ago.
Last year they spent $1.7 million on the adjoining terrace. Both are now leased.