Huge payday for country music star Troy Cassar-Daley

Troy Cassar-Daley and his daughter Jem who has followed his footsteps into the music industry. Picture: Steve Pohlner

Award-winning Aussie country music star Troy Cassar-Daley is set to make a small fortune off a humble Brisbane deal he struck almost 28 years ago.

The multi-ARIA winner and his television presenter wife Laurel Edwards sunk $225,000 into a humble three bedroom beachfront property in Brisbane’s eastern suburbs in 1997 – a figure that was almost double the median house price in the Queensland capital at the time.

MORE: Major bank scraps LMI, flags deposits as low as $31k

Noise, filth, stench force council into housing buyback

Troy Cassar-Daley performs at the Red Hot Summer music festival, held at the Cairns Showgrounds. Picture: Brendan Radke

Musician and singer Troy Cassar-Daley continues to call Brisbane home, capturing this recent image of an October afternoon storm rolling in. ‘Wow haven’t felt the power of a storm like that in a long time, that was something else. hope everyone is OK in Brisvegas xx’ Picture: Instagram

Victoria Point, where the home is located, is one of the few Brisbane suburbs with any semblance of a beach, with the once sleepy area now seeing sizzling demand with house prices almost doubling in the last five years alone to over $1m.

Mr Cassar-Daley has resisted the rapid gentrification in suburbs around him, finally calling time on the working-class waterfront home which has been listed with a price tag of $1.6 million – seven times what he paid almost 28 years ago.

The new owners will have a bit of breathing space to decide how to make the most of the sizzling location, with the property having “really good tenants in place with a lease until May 2026”.

MORE: Horror outlook for rate cut hopes

Aussie cycling giant 99 Bikes sparks multimillion-dollar windfall

Troy Cassar-Daley and his wife Laurel Edwards starred in Jimmy Barnes video for New Day. Picture: Supplied / YouTube

Artwork for ‘Between The Fires’, an album by Troy Cassar-Daley released in 2024 which won awards this year.

Records show the Cassar-Daleys first renting the home out for $280 a week in 2006, with the figure climbing to $335 a week three years later, $400/wk in 2015 and most recently $600 – which was still a surprisingly affordable figure given the tight rental situation across the state.

The beach house is on a 455sq m waterfront block, with the lawn rolling straight onto the sand where a small children’s playground is located.

Mr Cassar-Daley who has had a dozen studio albums, 33 number 1 chart singles, and multiple gold and platinum records, has multiple tour dates over summer including The Keppels on November 21, Woodford Folk Festival which runs December 27 to January 1 and Tamworth in January.

His heartfelt award-winning Between The Fires album was his 12th, “fuelled creatively by the heartbreaking loss of his beloved mother and the very real fear of almost losing his marriage”.

“It’s a very grown-up record,” was how Mr Cassar-Daley labelled it in a statement. “It ain’t no walk in the park I can tell you! It’s a ray of light, truth and one I would class as a mourning album for a night time listen.”

MORE REAL ESTATE NEWS

The post Huge payday for country music star Troy Cassar-Daley appeared first on realestate.com.au.