What's your apartment worth?

In Sydney, this property-obsessed city, we love a good real estate story, so it's interesting to look at the material being handed out for Mezzo, a 190-unit development just across Wentworth Park from Harbour Mill (HM has 135 apartments). In fact, we will probably be able to see Mezzo from many of the HM apartments.

Mezzo is supplying the following price comparison of five nearby developments. Each apartment is different, but with Harbour Mill prices set about two years ago, I think we can assume we're well ahead.

Although Mezzo advertises its views over Wentworth Park, in fact, most of the apartments either look out onto other buildings or are at the back of the property, and only the top end apartments will look over the park. And Mezzo is also on a busy road.

If you look at the Mezzo photograph of the area, you can see its relationship with HM, which is near the light rail station. HM is much closer to the city and all its attractions, and since HM is set on the top of the cliff, it has a far more elevated outlook. Harold Park looks expensive with the cheapest 2 bedroom at $1.2 million, but on a square metre basis, Darling Square is even more costly - and no shortage of buyers.

What do you think of the comparison? Very interested in your comments.