Oodie Founder Davie Fogarty Buys $5 Million Gold Coast Mansion

Davie Fogarty, the entrepreneurial force behind the viral wearable blanket brand The Oodie, has traded his hometown of Adelaide for a permanent slice of paradise. The young "rich lister" recently closed on a stunning $5 million mansion on the Gold Coast, representing a significant upgrade for the 29-year-old mogul whose business empire has now surpassed $600 million in total sales.

The move signals a shift in lifestyle for Fogarty, who reportedly sought out the Queensland region for its nearly year-round sunshine. His new residence is described as a spectacular property that reflects the rapid success of his e-commerce ventures, which transformed a simple comfort product into a global household name.

The acquisition highlights the continued strength of the luxury property market on the Gold Coast, particularly among young tech-driven entrepreneurs. As Fogarty settles into his new headquarters, industry observers are watching to see if his presence will draw more high-profile digital creators to the area, further cementing the region's reputation as a hub for the new generation of Australian wealth.

This story was originally reported by realestate.com.au.