From Wallabies to wealth: huge payday looms for 25-yr-old star
At just 25, ex Wallaby and Qld Reds star Jordan Petaia is cashing in with a near $1m annual contract in Los Angeles, but a shrewd Australian deal might net him even more before the Lions roar in.
Mr Petaia officially retired from rugby union late last year when he left Brisbane to pursue a career in the United States with the NFL – securing a three-year $2.965m deal with the Los Angeles Chargers that Spotrac figures say give him an average annual salary of $988,333.
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But he could soon much more than that without lifting a finger off a Brisbane property he bought the first year of the pandemic in June 2020 for $790,000.
House prices in Fairfield have jumped 54.4 per cent in the last five years, which would mean a jump of $429,760 in the property's value – taking it to $1.22m.
Valuation estimates show the market value could even go as high as $1.43m for the sports star, making more in one signature than he'd do all year training.
The property is the first Mr Petaia bought while he was with the Queensland Reds, during which time he amassed a total 31 caps for the Wallabies.
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Ray White Holland Park agents Piers Crawford and Brad McMahon have taken the property at 34 Brisbane Corso to market, with the post-war house on a 647sqm site set to draw strong market attention in an area of regrowth, walking distance from the University of Queensland.
'Jordan has told us he is looking forward to settling into Los Angeles life and is loving the opportunity and high performance environment of the NFL and the Chargers,' Mr Crawford said. 'The home has been very good to him over the years, but he has made the decision to move on.'
'Fairfield is the perfect lifestyle location being so close to parks and Brisbane River, University of Queensland and the cultural and entertainment precincts in West End and South Brisbane.'
'It provides excellent access to Mater and Princess Alexandra hospitals and is also in the highly sought-after school catchment of Brisbane South State Secondary College.'
Mr Petaia has put some work into maintaining the house which was built in 1980.
'It has been recently renovated and presents very well and, being on a larger corner block, the site has very good development potential.'
'It will be perfect for any owner-occupiers or investors looking for a very liveable property with excellent opportunity for further development. We have had good interest so far.'
The house currently has three bedrooms, a bathroom and parking for two vehicles with rental estimated from a low of $569 a week to as high as $709/wk.
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