South Sydney Rabbitohs rookie Adam Doueihi has bought his first property – and he’s become a rentvestor. The 20 year old spent $750,000 on a home in Bass Hill, just past Bankstown, in partnership with his brother.
It is a semi-detached home listed most recently with a guide of $789,000.
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The near new duplex replaced a 1980s built home on 275 sqm. It has four bedrooms, two bathrooms and a rear back yard.
Mayfair Real Estate Australia agent Karem Lakiss sold the home.
Doueihi’s breakthrough 2018 season at the Rabbitohs saw him appear in 15 games as the Bunnies made it to the prelim finals before losing to rivals Sydney Roosters.
Doueihi’s big boss, Rabbitohs chairman Nick Pappas, and lawyer wife Helene, recently spent $3.8 million on an apartment in the Harry Seidler-designed Cove Apartments in The Rocks.
The family had been Rose Bay based for 12 years before seeking tenants at a $3950 a week asking rental.
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The property passion runs deep at the club as developer Aqualand Australia have been named sponsors of NRL team for the next three seasons.
Aqualand is headed by Jimmy Jin Lin who since establishing it in 2014, has a portfolio of 23 residential sites valued at around $6 billion.
Rabbitohs chief executive officer Blake Solly said Aqualand branding will appear on the front of the Rabbitohs’ NRL home jersey and the lower back of South Sydney’s NRL away jersey.