David Warner and Steven Smith © Getty Images
David Warner and Steven Smith © Getty Images

If 12-month ban, losing IPL contracts were not enough for Steven Smith  and David Warner, the cricketers multimillion-dollar properties are also in shambles. Over the years, both the cricketers have built their portfolios and own several properties worth AUS $ 18 million.

In a chat with the Australian, Warner had once mentioned: “My financial adviser told me: ‘If you have to work after cricket, I haven’t done my job properly’.” He holds a portfolio worth AUS $ 10 million. Warner had purchased an oceanfront house at Maroubra in Sydney that costed AUS $ 4 million on December 2015. In May 2016, a planning application was lodged to demolish the existing building and construct a new five-level home, which was approved in February 2017.

Warner, wife Candice and his daughters were supposedly to move to the new house last year itself. However, the project has been stuttering which in turn has left the neighbours fuming.

David Warner’s property at Mermaid Ave, Maroubra. Picture: www.thisischriswhite.com (news.com.au)
David Warner’s property at Mermaid Ave, Maroubra. Picture: www.thisischriswhite.com (news.com.au)

As seen in the image obtained by news.com.au, the property looks abandoned. One of the neighbours even issue a complaint about the standstill project: “Trucks have been coming and going for months, but then we don’t see anything for a couple of weeks. We expected this to be built by now — he bought the place ages ago and it’s not pretty to look at. I pity the neighbours who live right next door, as they’ve had to live next to a building site. If I were him, I’d make it extra secure.”

On the other hand, Smith bought a 3 BHK cottage Balmain that faces the Sydney Harbour bridge. The property was worth AYS $ 4 million in June 2017. It already had an approved planning application for it to be demolished — but Smith has let it stand.

7 Johnston St, Balmain East, owned by Steven  Smith Picture Courtesy: www.thisischriswhite.com (news.com.au)
7 Johnston St, Balmain East, owned by Steven Smith Picture Courtesy: www.thisischriswhite.com (news.com.au)

In fact, Smith himself is looking to rent two of his properties in the same area. Both have been on the market for months now. One is a $1.3 million investment townhouse and the other is a knockdown-rebuild.

Both the properties are being handled by real estate company Cobden & Hayson. Beneath the three storey home is a huge apartment whose construction has already begun and will not be completed until 2019.

With Warner and Smith strapped off from CA’s 2018-19 contract list and with no IPL deals on hand, the duo might have to sell off some of their properties, to pay off the renovation costs of the existing properties.

Warner and Smith earned AUS $ 2 million per annum from CA. Now, the pair will lose out of AUS $ 2.4 million in the wake of the scandal.