Greg Inglis takes hit on Bargara, Queensland investment

Greg Inglis takes hit on Bargara, Queensland investment
Greg Inglis takes hit on Bargara, Queensland investment

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 $2,475,000 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 230 metre 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. 

This article was first published in the Saturday Daily Telegraph.

Tags: 
Title Tattle Shorncliffe

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