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Yes, I well aware you can buy a unit in Sydney for less, but $780k for a new 1 bedder close to CBD, that is far out, brussells sprout!!

Just received a brochure from Mater Prize Homes where the prize is for 2 properties - 1) a 345m2, 4x2x2 house with pool on the water (canal-front) and 2) a tiny 55m2 1 bedroom in Chippendale, Sydney. By my calculations, the house is worth about $884,000 and the unit is worth $780,000...