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AFL star Lachie Neale makes $1m in four years after selling Brisbane home

Brisbane AFL star Lachie Neale has made almost $1m in just four years after taking his Brisbane home to auction.

Spring the 'seasonal peak' of property market

Brisbane AFL star Lachie Neale has made almost $1m in four years, following the sale of his Coorparoo home at auction on Saturday.

The five-bedroom house smashed its own street record when it sold under the hammer for $2.6m.

The Brownlow Medallist bought the renovated character home in 2018 for $1.77m with his wife Jules.

He returned it to market in exactly the same condition and it sold to Sydney buyers from the harbourside suburb of Mosman.

Lachie Neale’s Coorparoo house sold for $2.6m at auction on Saturday.
Lachie Neale’s Coorparoo house sold for $2.6m at auction on Saturday.

The AFL superstar was in training for the Brisbane Lions clash with Richmond on Thursday and was not able to attend the auction.

“Astonishing,” said one neighbour as the five-bedroom house at 7 Brae St smashed its own street record by almost $1m after four years.

ALF star Lachie Neale has had a win with the property market. Picture: Chris Hyde/Getty Images
ALF star Lachie Neale has had a win with the property market. Picture: Chris Hyde/Getty Images

While the AFL midfielder was nowhere to be seen, he was in fact in the middle of the action, on the phone with Belle Property selling agent Tony O’Doherty who held a commanding position facing the stone fireplace in the centre of the American farmhouse-style family house.

“Lachie was at work or at training, he was on the phone, his wife Jules was on the phone, they were in the thick of it,” Mr O’Doherty said. “It’s the best way to have them really, they are right in the action.”

A Sydney bidder from Mosman was also on the phone, leaving the 40-strong crowd to watch a short but sharp match waged largely between agents juggling mobiles.

But it was a strong opening play from the floor that started the auction bids at $2.1m. “Good strong start, we have a start, could we roll in say $100,000s?” auctioneer David Treloar asked.

The Mosman bidder – who was on the phone with an agent – obliged, taking the offer to $2.2m, while at the top of the stairs her father filmed the auction on his phone.

Lachie Neale paid $1.77m for his Coorparoo, Brisbane home in 2018. It sold for $2.6m on Saturday.
Lachie Neale paid $1.77m for his Coorparoo, Brisbane home in 2018. It sold for $2.6m on Saturday.

“It’s a lot cheaper here but we all think it doesn’t matter where you go, the market is way over the top,” he said.

“I bought a house in Mosman, my first house in Australia in 1978. I bought it for $54,000 and I paid too much for it. It’s worth about $5m today. It’s ridiculous.”

Another bid from the floor of $2.3m had the Mosman bidder raise the offer to $2.4m before the auction paused to negotiate.

The Brae St, Coorparoo home being auctioned on Saturday. Picture: Debra Bela
The Brae St, Coorparoo home being auctioned on Saturday. Picture: Debra Bela

“Ironically both the buyer and sellers logistically couldn’t be here with us in person today, so there’s a bit of back and forward and we want to make sure both parties are comfortable with the position,” the auctioneer said after a short break.

“Tony, we do have an increased offer from the buyer? $2.6m and we are on the market, we do sell.”

No further offers were received and the house sold to the Sydney buyer.

“They are not moving up yet, they are just buying, they collect houses. This house has got good value in it but it’s still over the top.”

The bathroom at the Brae St, Coorparoo property.
The bathroom at the Brae St, Coorparoo property.

Originally published as AFL star Lachie Neale makes $1m in four years after selling Brisbane home

Original URL: https://www.couriermail.com.au/property/afl-star-lachie-neale-makes-1m-in-four-years-after-selling-brisbane-home/news-story/81011c554bd3a64d077d14e1d0dedf82