Courtesy recession, Kylie Minogue to sell house at half-price

December 29th, 2008 - 10:49 pm ICT by IANS  

London, Dec 29 (IANS) Australian singer-songwriter Kylie Minogue has been forced to slash the price of her Australian holiday home by half after being hit by the credit crunch.Minogue, 40, bought the island retreat near her native Melbourne in 2005, months before being diagnosed with breast cancer.

Valued between 800,000-924,000 pounds, Minogue put the four-bedroom home on sale in February by.

But the singer, who spent 466,000 pounds on just renovating the property, has been forced to drop the asking price to 439,000 pounds, reports

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