NEVER BUILT SYDNEY: The $18 000 bedsitter (1973)

I found an article for a proposed apartment tower from an edition of The Daily Telegraph dating from 1973 for what is now the site of 60 Margaret Street, which was never built.

A "bedsitter" or studio apartment was on sale for $18 000 while a whole floor penthouse was up for grabs for $300 000.

Source: Anon. 1973. "$18,000 for a 'bedsitter'". The Daily Telegraph, April 5: 21. 

A special thank you to Richard Braddish of Sydney City Council for supplying additional information.