Mirvac's Park Apartments

Mirvac's Park building at Newstead is complete, and there are a number of new unsold apartments being marketed by Mirvac.  These include:

• Apt 97 on level 7, 2 bedrooms, 2 bathrooms, 107 sqm - $785,000.  
• Apt 51 on level 13, 3 bedrooms, 2 bathrooms, 148 sqm - $1,325,000

These apartments are $7,336 and $8,952 a sqm respectively.  This seems outrageously expensive to me.    For example, a larger two bedroom riverfront apartment in Admiralty Tower Two can be bought for around $5,600 a sqm metre.  By way of comparison, a four year old, good quality two bedroom in Indooroopilly sold recently for less than $4,200 a sqm.