A fraction too much waterfront friction
28 Feb 2007
WHEN the $650 million residential revitalisation of the Walsh Bay wharves was announced in the late 1990s, the consensus in the property industry was that it would be one of the most exclusive addresses in Australia.
Prospective buyers in 2000 had to pay a $10,000 refundable deposit just to inspect an apartment off the plan. And as one owner, Elizabeth George, recalls, staff from the developer, Mirvac, gave her less than an hour to choose an apartment, so intense was demand to buy into the dream life on Sydney's sparkling harbour.