More Losses

Mirvac's Tennyson Reach: Apt 3302 is listed for sale at "half price". This is a three bedroom riverfront apartment (on a low floor). Approximately 150sqm. Listed for sale for $865,000 (a huge loss for the current owner).

Riparian, Apt 4504 at 71 Eagle Street. Sold by Mikki Finlay for $1,286,000 at auction last week. 2 bed, 2 bath, 2 car, 186 sqm. Last sold in March 2006 for $1,575,000. Good job Mikki, you only sold at a capital lost of $289,000 plus stamp duty. Hope you didn't charge commission?! Maybe sellers would do better listing on eBay?