I bet well-known Brisbane solicitor and Labor Party identity Con Sciacca is not happy. He purchased an apartment off-the-plan in 2008 in Macrossan Apartments for $1,835,000. The developer went bankrupt, and the remaining apartments have been bought by an investor, who is listing them for resale at "Almost $1 million below what they cost."
"Were Selling for up to $3M, Now Priced from $1.395M to $1.575M"
(I suspect that the real estate agent is exaggerating slightly - I doubt that the same apartment that Con purchased would sell for less than $1M. So the million dollar discount is a bit of a stretch. Video here.)
These discounts make it hard for an original buyer to resell without making a huge loss.
In any event, even these discounted prices are high for a 3 bedroom apartment that is not riverfront and that is sandwiched by Skyline and Soleil.