Mosman prestige house cops 22% price decline
Finance industry executive Paul Fegan and his wife, Leonie, have sold their hillside Mosman residence a year after its initial listing.
Its settlement last month revealed its $8.3 million sale price, reflecting a 22% price decline.
The Alex Popov-designed Burran Avenue house last traded at $10.75 million in late 2007 when he was the St George chief executive.
Fegan, who was briefly Telstra's executive in charge of strategy and corporate services, is now ted.
Expectations were around the $10 million on its initial McGrath listing of the 1,130 square metre matrimonial property with a 20-metre pool.
Mortgage insurer Genworth appointed the former St George Bank chief executive Paul Fegan as its chief financial officer earlier this year.
Fegan had joined St George Bank in 2002 and was appointed chief in 2007 until Westpac took over St George in 2009.
