{"id":40342,"date":"2022-09-29T17:19:06","date_gmt":"2022-09-29T04:19:06","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40342"},"modified":"2022-09-29T17:19:06","modified_gmt":"2022-09-29T04:19:06","slug":"nrl-star-josh-papalii-levels-up-property-game","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/nrl-star-josh-papalii-levels-up-property-game\/","title":{"rendered":"NRL star Josh Papali\u2019i levels up property game"},"content":{"rendered":"

PHOTO: NRL player Josh Papali’i and wife Sepa have invested in Mermaid Beach<\/strong><\/p>\n

His grand final bid may be over, but the Canberra Raiders star has scored a win off-field, snapping up an investment in one of Qld\u2019s most expensive markets.<\/p>\n

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NRL prop Josh Papali\u2019i has levelled up his property game, securing an investment in one of Qld\u2019s most expensive markets.<\/p>\n

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With his team\u2019s bid for grand final glory over for the season, Canberra Raiders star Papali\u2019i has scored an off-field win as the new owner of a two-bedroom unit in Mermaid Beach<\/a> on the Gold Coast<\/a>.<\/p>\n

In a show of confidence in his home state\u2019s property market, Papali\u2019i and his wife, Sepa, dropped $740,000 on the apartment, one of a block of three in the popular beachside suburb.<\/p>\n

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\"Papali\u2019i<\/div>\n

Papali\u2019i is tackled during the NRL semi final match between the Parramatta Eels and the Canberra Raiders<\/strong><\/em><\/div>\n

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Papali\u2019i grew up in the Logan suburb of Woodridge and has worn the Maroons jersey for every State of Origin series since 2013.<\/p>\n

He engaged buyers agent Matt Srama \u2014 himself a former NRL Gold Coast Titans player \u2014 who negotiated with Matt Hughes, of Ray White, to secure the pre-market deal.<\/p>\n

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Mr Srama said the 405sq m unit block was located just 100m from the beach and prestigious Hedges Ave, known as Multimillionaire\u2019s Row and home to some of the state\u2019s most palatial oceanfront homes.<\/p>\n

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\"The<\/div>\n

The unit is only 100m to Mermaid Beach<\/strong><\/em><\/div>\n

\u201cThe unit market here on the Gold Coast is very segmented. We tend to stick to very low-density units because the real value lies within the land, not the dwelling, so you can get some really good investments where you are controlling as much land as possible,\u201d Mr Srama said.<\/p>\n

Older-style blocks of less than ten units, located east of the Gold Coast Hwy, were performing well, he said.<\/p>\n

\"Chloe<\/a><\/div>\n
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Thugs raid influencer couple\u2019s Gold Coast mansion | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cThe unit we secured for Josh and Sepa was one of just three in a blue-chip site 100m to the beach, so essentially they own one-third of that land.<\/p>\n

\u201cI\u2019d be mindful of the supply being built in the high-rise market, so we tend to not go near those higher density unit blocks because land is key,\u201d he said.<\/p>\n

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\"It\u2019s<\/div>\n

It\u2019s one of three in the block<\/strong><\/em><\/div>\n

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\"With<\/div>\n

With a sunny courtyard<\/strong><\/em><\/div>\n

The unit was sold tenanted, with rental appraisal of about $600 a week.<\/p>\n

PropTrack\u2019s Market Trends Report shows the median house price in Mermaid Beach was $2.8m in September, up 38 per cent over the last 12 months.<\/p>\n

The air-conditioned apartment has two bedrooms with built-in wardrobes, one bathroom and a powder room.<\/p>\n

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It has a private courtyard and had been recently updated with new carpets and paint.<\/p>\n

The unit last sold in 2015 for $400,000.<\/p>\n

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