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Billy Walters of the Broncos in action during the round 27 NRL match between Brisbane Broncos and Melbourne Storm at Suncorp Stadium. Picture: Bradley Kanaris/Getty Images.
Brisbane Broncos playmaker Billy Walters is celebrating a major win well before Sunday’s kick-off against number 1 ranked Raiders, with a huge $511k payout.
As Walters chases finals glory on the field, his property game is already proving a premiership-winning strategy off it, cashing in on Brisbane’s red-hot housing boom with a 76 per cent gain on the first home he bought with wife Rachel.
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Billy Walters in Broncos team training at their Red Hill headquarters. Picture: Adam Head
The 31-year-old son of Kangaroos coach Kevin Walters, who had an absolute scorcher of a game against the Storm after stepping up at five-eighth with Ezra Mam sidelined, has just pocketed a tidy $511,500 rise.
The couple had paid $671,000 for their three-bedroom, two-bathroom property in 2021, selling for $1,182,500 on August 27, going above the $1.13m valuation it was tipped at.
The move marks almost a double-up in just four years, proof the NRL star’s off-field investments are paying off as much as his on-field form.
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Broncos player Billy Walters, his son Hugo and wife Rachel in an image taken at their home. Picture: David Kelly
The Chermside West property is in a hotspot with analysts believing the new owner can soon go as high as $1.32m given tight market conditions.
The home was marketed by Tristan Rowland and Nick Cusick of Stone Real Estate Aspley as having “Big Deck Energy”, drawing strong buyer interest thanks to its large entertainment deck, leafy 602sq m block and prime location just minutes from Westfield Chermside.
Walters still has two other Queensland properties in his portfolio, one at Redbank Plains rented for $440 a week and another in Toowoomba returning $450 a week.