According to the dead tree version of todays CT, a penthouse apartment at The Waterfront sold for a record $3.5 million. It comfortably edged out the previous record of $3.35 million which was for the adjacent apartment at the Waterfront. Before the Waterfront opened the previous record for an apartment in Canberra was just over $1 million, now the average price for an apartment in the Waterfront is $1.2 million. Even though it is right on the edge of the lake, it’s a bit hard to believe someone would pay this sort of money for an apartment in Canberra. Obviously some people haven’t heard of the housing affordability crisis.
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