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. For the three months to January 2018, there were 116 sales at a total value of $159.8 million, compared to 385 sales at a total value of $438.5 million for the previous quarter.
The yearly figures have increased slightly in total sales value and number, with 854 sales at a total value of $1.036 billion for the twelve months to January 2018, compared to 751 sales at a total value of $1.026 billion for the previous year.
The table below shows sales recorded for the past eight updates of Sydney Units Cityscope.
Notable sales in the January 2018 update of Sydney Units Cityscope include:
- Apartment 26A at Stamford Marque Apartments, 161 Kent Street, Sydney, a 298 sqm three-bedroom apartment with four terraces on level 26 and a car space/storage area of 47 sqm on basement level three, which was sold for $6.425 million through Vanguarde Estate Agents;
- Unit 5406, part of Sky Penthouse at Lumiere Residences, 101-105 Bathurst Street, Sydney, a 281 sqm penthouse with 108 sqm on level 54, 78 sqm on level 55 and 95 sqm on level 56 plus a 36 sqm car space and storage space on level six, which was sold for $6 million;
- Unit 1405 at Observatory Tower, 168 Kent Street, Sydney, a 160 sqm three-bedroom unit, including balcony on the north western corner of level 14, which was sold for $5.15 million through Vanguarde Estate Agents and
- Unit 1903 at Highgate, 127-153 Kent Street, Sydney, a 154 sqm three-bedroom unit with two balconies on nineteenth floor, which was sold with a car space lot and a storage lot for $4.39 million through Vanguarde Estate Agents.
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope. Subscribe to the free Commercial Pulse eNewsletter Get the latest commercial news and sales data each week from our CoreLogic Commercial Pulse! Click here to subscribe