Pat Rafter misses out on $1m pay-off from his land development

PHOTO: Sun’s out, guns out … Pat Rafter and Jimmy Barnes (left) in a file picture from Bonds’ 100th anniversary campaign.

Former world champion Pat Rafter has missed out on a million-dollar pay-off on land he developed in the Queensland town where he grew up.

The star player, who has made more from real estate than his international tennis winnings, had developed the land among several properties he owned in the Eumundi-Noosa region north of the Sunshine Coast.

But when the property sold for a tidy $1.01 million this month, it was not Rafter picking up the cheque, but the couple that he had sold it to at a discount.

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