Gina Riley Laughs All the Way to the Bank, Pocketing Nifty Profit from Luxury Armadale House

COMEDIAN Gina Riley is laughing all the way to the bank, selling her Armadale home for $650,000 more than she paid just 10 months ago.

A property observer at the auction of the Mercer Road home last Saturday said bidding intensified for the four-bedroom house after it hit a reserve of $4.61 million. A final knock-out bid of $100,000 by an undisclosed business identity saw bidding halt and the home sell for $5.1 million.

Castran Gilbert director Paul Castran declined to reveal the buyer's identity.

Riley and television producer husband Rick McKenna reportedly paid $4.45 million for the home last year. Riley, co-creator of the comedy show Kath & Kim with Jane Turner, signed a lucrative fourth-series deal with Network Seven earlier this year.

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