PHOTO: One of the three penthouses atop the Latitude building in Milsons Point has sold at a loss.

In the middle of one of the most jaw-dropping property booms in decades it is refreshing to hear that not every seller is making a motza from their real estate. Take billionaire pub magnate Chris Morris and his wife Sharron Sills, who have copped a loss on their Milsons Point penthouse this week.

The couple paid $8 million for their crash pad in the Latitude building at the peak of the local apartment market in 2017, making them immediate neighbours to the super-spread next door owned by Nicole Kidman and Keith Urban.

Chris MOrris
Chris Morris owns hospitality and tourism operator Colonial Leisure Group.

Di Jones’ Nigel Mukhi wouldn’t confirm what local sources say was an off-market resale for less than the purchase price, but did at least reveal it was not bought by the Hollywood superstar neighbours.

Not that Kidman and Urban weren’t given ample opportunity to secure it. The A-listers have long been seen as obvious buyers given they own the adjoining two penthouses, purchased first for $6 million in 2009 from Mark Bouris and adding its adjoining spread three years later for $7 million.

Morris, the Rich-List owner of hospitality and tourism operator Colonial Leisure Group, isn’t going far. Last year he bought a $10.75 million waterfront pad in the nearby Maritima building in Lavender Bay.