Property Ballers: NRL Players and their Homes

Source: http://www.dailytelegraph.com.au/news/nrl-players-who-are-using-their-high-incomes-to-become-property-moguls/news-story/f26a55ebbeb523c6112475e5c619d318

Guess who bought their third investment property at 21 back in 2015? The young face of Bulldogs player, Michael Lichaa, being one of the highest earning players has lead Sydney’s booming property market as well as other “property players” such as Manly’s forward Luke Burgess, Rabbitoh’s players George Burgess and Tim Grant, Bulldogs utility Moses Mbye and former Sea Eagles Daly Cherry-Evans – owning a $1.5 million house in the Gold Coast.

Tony Caine, former football player turned financial planner has worked to give financial advice to more than 100 young players on behalf of the NRL, with several footy stars becoming his clients including Michael Lichaa himself. Mr Caine, 28 stated that he sits with players and asks them “where do they want to be when they are 30 and then work out an investment plan for them.”

“I work out what they are spending and give them a budget. If they are earning $10,000 a month, I give them $3000 and invest the other $7000.”

Being a former NRL Sharks player himself with a career-ending knee injury, Mr. Caine reflected upon his career and said that: “I had to start my life again and so I went and studied finance.”

Article sourced from: http://www.dailytelegraph.com.au/news/nrl-players-who-are-using-their-high-incomes-to-become-property-moguls/news-story/f26a55ebbeb523c6112475e5c619d318