Japan based former Wallaby Hugh McMeniman can't sell Brisbane investment

The young Wallaby exit from Brisbane property investment for Japan is a rounded trend.

Japan based former Wallaby Hugh McMeniman has recently sought to offload his Brisbane investment apartment.

The former Western Force lock indicated a willingness to take a hit on the Fortitude Valley apartment (above and below) that cost $540,000 off the plan in 2012.

It was listed in the mid-$400,000's, by McMeniman who has been based in Japan since 2014 when he joined Honda Heat.

It was initially listed late last year with $499,000 plus hopes.

Set on the top level of the Precinct Apartments, the 72 sqm unit has two bedrooms, two bathrooms and a balcony with city views.

Newstead Realty agent Robert Lamprecht advised it was being sold tenanted at $480 a week.

McMeniman, nicknamed 'Madness', and wife Georgia spent $1.45 million on a four bedroom home in Auchenflower last year.

He has represented the Wallaby's 22 times.

The Melbourne-based Wallabies star Sean McMahon is also offloading his Brisbane investment property as he prepares to move to Japan. 

He bought the two-bedroom apartment in Norman Park off-the-plan for $629,000 last year. It is tenanted until May next year at $510 per week, making it appealing for investor buyers.

Ray White New Farm agent Meaghan Bakker said Reside by Mosaic was a boutique apartment complex.