Buddy Franklin secured $95,000 gain on Brighton East offering

Buddy Franklin secured $95,000 gain on Brighton East offering
Jonathan ChancellorDecember 4, 2014

Lance 'Buddy' Franklin, the former Hawk AFL champion turned Sydney Swan, secured $1.73 million when his contemporary Brighton East house was recently sold.

The 55 Hodder Street offering had $1.6 million to $1.7 million price guidance, but no sale price has been revealed until the settlement details were lodged last week.

The records show it appears it was a cash buyer, with no registered mortgage on the Melbourne house.

After renting briefing elsewhere in Brighton, Franklin bought the house on its 678 square metre block in late 2010 for $1,635,000 through hockingstuart.

He secured a $95,000 gain, reflecting less than 1.5% annual price gain over nearly fours years of ownership.

The four-bedroom, two bathroom home with a pool had also sold at $1.45 million in 2006 on its completion.

He is not yet known to have bought any Sydney property. 

Franklin controversially switched to Sydney following Hawthorn's 2013 premiership victory on a nine year, multi-million dollar contract.

He kicked 79 goals in his first season as a Swan, but his new team succumbed to the Hawks in this year's Grand Final. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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