The latest research from Eastern Sydney Cityscope shows property sales values have decreased in the past three months.
Sales recorded in the quarter to April 2019 totalled $90.1 million, a decrease from the $127.8 million recorded in the quarter to January 2019 and a decrease from the $162.7 million recorded in the quarter to October 2018.
This data brings the 12 month total to $517.9 million, a decrease from the $801.4 million recorded the same time last year.
The table below shows sales recorded for the past eight updates of Eastern Sydney Cityscope.
Notable sales listed in the April 2019 update of Eastern Sydney Cityscope include:
- Gordon House at 74-78 Wentworth Avenue, Surry Hills
A five-storey brick commercial building with retail on the ground floor, with a building area of 3,154 sqm, was bought for $39.5 million; - 397-399 New South Head Road, Double Bay
A 2-storey building with parking for 9 cars to the rear on a 606 sqm block, was bought for $15 million; and - Unit 13 a 200 sqm ground floor retail unit including a 48 sqm courtyard and unit 15, a 195 sqm ground floor retail unit including a 48 sqm courtyard at Ozone Bondi Beach at 102-106 Campbell Parade, Bondi Beach, were bought together for $8 million.
Properties listed as for sale in the April 2019 update of Eastern Sydney Cityscope include:
- 330 New South Head Road, Double Bay
A two-storey building with a building area of 270 sqm on a 183 sqm block, available through Sydney Wide Property Pty Ltd; - 383 Oxford Street, Paddington
A two-storey building with ground level retail space, office space on the first floor and a garage to the rear lane on a 168 sqm block, available through Australian Prime Realty; and - Stockton House at 73-75 William Street, Darlinghurst
A four-storey building with a building area of 908 sqm, available through Colliers International.
Leasing opportunities listed in the April 2019 update of Eastern Sydney Cityscope include:
- 410 Crown Street, Surry Hills
A three-storey brick commercial and retail building with secure parking accessible from Fitzroy Street, which has retail space of 122 to 527 sqm available for lease through City Alliance Property; - Foveaux House at 63 Foveaux Street, Surry Hills
A seven-storey brick commercial building with basement parking for 10 vehicles, which has office space ranging from 292 to 961 sqm available for lease through Deans Property – Broadway; and - 111-115 Albion Street, Surry Hills
A three-storey industrial building with a loading dock to Albion Street, which has refurbished office space ranging from 325 to 970 sqm available for lease through Oxford Agency - Darlinghurst.
