Greg Page wiggles out of Dural estate for $5.2 million: Title Tattle
The soon to retire original yellow Wiggles member Greg Page has sold his three-hectare Dural home for $5.2 million.
The land cost $2.75 million in 2004, and he built the vast 2,600-square-metre house, which was initially listed with a $7.5 million asking price.
Page retired from The Wiggles in 2006 due to ill health, reportedly receiving $20 million to hand over his yellow skivvy, but returned to the group.
During the interim his venture as a property developer didn't work out brilliantly. Indeed, earlier this year Page finished up the endeavour selling a building site in Dural, in Sydney's north-west, for $1 million. The two-hectare property at 13 Langford Road, Dural, cost for $1.47 million in 2008 with unrealised plans to build a salubrious home on the vacant site. It had traded even higher at $1.77 million in 2004.
On Davey Road, Dural, Page secured $3.41 million in 2010 for a building block property picked up at $1,575,000 in 2008. In between Page built a home offering "living on a grand scale" with five queen-sized bedrooms all with ensuites and walk-in robes. It came with separate children's play room or billiard room, and movie lovers' theatre with built-in nine-speaker sound system, 100-inch ceiling retractable screen and Ti projector. There was an oversized home office, five-car lock-up garage, porte-cochere and entry foyer with 14-foot tiled feature wall and double entry doors.
The orginal asking price for the 8 Davey Road, Dural property was $5.45 million on its initial late 2009 listing.
In 2009 Page sold the five-bedroom mansion at 9 Hoop Pine Place, West Pennant Hills, for $2.45 million. It cost $2.1 million in 2008, but Page initially endeavoured to secure $3.2 million after his touches were added to the property, which was marketed as have the grace and style of a modern masterpiece. Set on over 2,000 square metres, the executive style residence boasts massive living areas, home theatre, gourmet kitchen, ballroom, indoor pool and tennis court.
Page lost money on a Long Jetty project, which was bought for $400,000 in 2008 and sold at $260,000 in 2010. It was a vacant 1,124-square-metre medium-density site that suited townhouse development.
Another 2008 purchase - $570,000 at Beaumont Hills - was sold in 2010 for $625,000.
The Wiggles, one of Australia's most successful and highest earning acts, appointed Emma Watkins, a 20-year-old back-up dancer for the Wiggles, as the group's first female member, as part of a major line-up change.
Reportedly at the peak of their success, when the Wiggles were named Australia's top-earning entertainers for four years running, their earnings were up to $45 million per year.
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Meanwhile, Mike Quigley, boss of the federal government's National Broadband Network, has also sold his Mosman mansion recently at $3,555,000. It represented a loss on the $3.6 million paid in 2007.
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