Australia’s celebrated swimming duo, Emma McKeon and Cody Simpson, have struck a lucrative deal with their Gold Coast property, which is now “under offer.” The sale of their home comes as a significant financial boost, with the couple set to receive more than the $2.4 million worth of property McKeon retired with a year ago.
The couple initially invested $1.826 million in a five-bedroom house located in Labrador in January 2023. Current valuation estimates place the property’s worth as high as $2.01 million. The house has been on the market for 45 days, according to property records, and is now poised to deliver a substantial return on investment.
Real Estate Market Dynamics
Market analysts suggest that if McKeon and Simpson had chosen to rent out the property instead, they could have earned between $1,100 and $1,300 per week, translating to an annual income of up to $67,600. Such figures underscore the robust rental market on the Gold Coast, driven by high demand and limited supply.
Their Labrador home, a newly built property designed specifically for the couple, boasts a range of luxurious features. It includes three bathrooms, four car spaces, and is situated just 750 meters from the Broadwater. The “no expense spared design” features a high voided ceiling, floating staircase, glass balustrading, a designer kitchen with a butler’s pantry, and an alfresco patio. Additionally, it offers dual living zones and an 8m by 4m concrete pool, all within proximity to prestigious private schools such as The Southport School and St Hilda’s.
The Celebrity Couple’s Public Journey
Mr. Simpson, known for his past high-profile relationship with Miley Cyrus, has been a steadfast supporter of Ms. McKeon throughout her Olympic endeavors. Their relationship, while public, has defied the odds often faced by celebrity couples, maintaining stability and mutual support.
McKeon, a six-time Olympic gold medallist, continues to hold another property on the Gold Coast. This three-bedroom residence, purchased in September 2018 for $625,000, was renting for $700 per week in 2021, generating over $36,000 annually. Current rental estimates suggest the property could command between $966 and $1,100 per week in today’s competitive rental market.
Real Estate as a Strategic Investment
The decision to invest in property reflects a strategic approach by McKeon and Simpson, capitalizing on the Gold Coast’s thriving real estate market. According to real estate experts, the region’s property values have been buoyed by a combination of lifestyle appeal and economic growth, making it an attractive option for investors.
“The Gold Coast remains a hotspot for property investment, with high demand driven by both domestic and international buyers,” said a local real estate analyst. “Properties like McKeon and Simpson’s offer not just a home but a lifestyle, which is a significant drawcard.”
The couple’s success in the property market mirrors broader trends in celebrity real estate investments, where high-profile individuals leverage their earnings into lucrative property portfolios. This strategy not only secures financial returns but also provides a hedge against market volatility.
Looking Ahead
As McKeon and Simpson move forward, their property dealings may serve as a blueprint for other athletes and celebrities looking to diversify their financial portfolios. With the sale of their Labrador home, they have demonstrated the potential for significant financial gains through strategic real estate investments.
The couple’s next steps remain to be seen, but their savvy approach to property investment highlights the importance of making informed decisions in a dynamic market. As they continue to navigate their careers and personal lives, McKeon and Simpson’s story offers valuable insights into the intersection of celebrity, finance, and real estate.
