The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have decreased both in number and total sales value in the last quarter, largely due to the inclusion of the off-the-plan sales of two buildings in the January 2019 update. Sales recorded for three months to April 2019, were 203 sales at a total value of $233.2 million, a decrease from the 310 sales at a total value of $405.7 million recorded for the quarter to January 2019.

The yearly figures have decreased in total sales value and number, with 710 sales at a total value of $882.5 million for the twelve months to April 2019, compared to 1,144 sales at a total value of $1.429 billion for the previous year.

The table below shows sales recorded for the past eight updates of Sydney Units Cityscope:

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Notable sales in the April 2019 update of Sydney Units Cityscope include:

  • Unit 68 at The Stamford Residences, 171 Gloucester Street, The Rocks
    A split level residential penthouse apartment of 598 sqm with 260 sqm on the west side of level 28, 221 sqm on the west side of level 29, 117 sqm on the west side of level 30 and 71 sqm of parking on basement level 1, which sold for $13.5 million through Sotheby's International Realty Sydney;
  • Unit 2501 at Observatory Tower, 168 Kent Street, Sydney
    A 164 sqm three bedroom unit, including 2 balconies; located on the north eastern corner of level twenty-five, which sold with two car spaces for $5.2 million, and
  • Unit 2604, at The Connaught, 185-211 Liverpool Street, Sydney
    A 126 sqm two bedroom unit, including balcony, on the twenty-sixth floor, which sold with one car space for $2.35 million.
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