PHOTO: Israel & Marie Folau has a new $6.75m home.
Professional footballer Israel Folau, known for his code-hopping prowess, recently divested two Brisbane properties at a marginal loss. This move followed his significant investment of $6.75 million in a new Brookfield estate with his wife, former netball star Maria.
The impressive family residence, crafted by Shaun Lockyer Architects, graces a spacious 1-hectare plot on the outskirts of Brisbane, approximately 14 km west of the CBD. Boasting six bedrooms, four bathrooms, and a raised pool overlooking the grounds, the dwelling also features a wine cellar, billiards room, media rooms, and a capacious six-car garage.
This architectural marvel was the result of a four-year building project undertaken by Caroline and Alan McCulloch, the duo behind the renowned women’s footwear label Frankie4. Initially listed with expectations of $7 million to $8 million, the property garnered over 10,000 online views within its first week on realestate.com.au.
Close to Folau’s previous $1.5 million Pullenvale acreage purchase, secured during his brief stint with the Southport Tigers rugby league team, this estate was recently sold for $1.9 million.
Israel and Maria Folau. Picture: Aaron Francis/The Australian
In addition to these transactions, Folau, who sat out the rugby union World Cup due to injury, parted ways with a waterfront Redcliffe building block for $4.2 million, a slight dip from the $4.25 million acquisition in 2022. He also offloaded a New Beith four-bedroom house for $1.26 million, slightly below the $1.28 million purchase price from the previous year.
The Folaus have left Sydney behind.
The home sits on 1ha.
Folau, now based in Japan, found greater success in the Sydney property market. The family’s 2-hectare Kenthurst estate, acquired for $2.1 million in 2015, was sold last year for $3,825,000. Similarly, a four-bedroom Stanhope Gardens home, purchased for $1,005,000 in 2015, recently changed hands for $1.7 million.
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In a profitable move, Folau pocketed $1,625,000 in 2021 for a four-bedroom, four-bathroom Kellyville home, more than doubling the $773,000 investment made in 2010. Additionally, three side-by-side 290-square-meter building blocks in Austral, southwest Sydney, originally purchased for a combined $1.12 million in 2016, were sold in 2021—one for $480,000 and two for $490,000.
SOURCE: NEWS.COM.AU