Jonathan Chancellor | 30 November 2012

Megan Gale farewells Glamarama as Tamarama investment property sells pre-auction

The Tamarama property occasionally occupied by model Megan Gale sold yesterday at an undisclosed price, believed to be around $3 million.

The sale was revealed by the realestate.com.au website. Buyers were being advised $2.95 million-plus was expected for the four-bedroom house, which might have fetched closer to $3.5 million at its peak.

The property sold one week before its scheduled December 6 auction.  Gale's mother bought the Ashley Street house in 2003 for $2.4 million with it rented out much of the nine years.

Property Observer featured the on-the-quiet listing last weekend. At $3 million, the investment yielded an ordinary 2.3% annual price growth.

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