The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have increased both in number and total sales value in the last quarter. Sales recorded for three months to January 2019, there were 310 sales at a total value of $405.7 million, a large increase from the 110 sales at a total value of $136.9 million recorded for the quarter to October 2018, largely due to the inclusion of the off-the-plan sales of two buildings:
*Arc by Crown Group at 161 Clarence Street and
*York and George at 38 York Street.
The yearly figures have increased in total sales value and number, with 925 sales at a total value of $1.2 billion for the twelve months to January 2019, compared to 857 sales at a total value of $1.041 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 2019 update of Sydney Units Cityscope include:
- Unit 1301 at 185 Macquarie Residences, 185 Macquarie Street, Sydney
A 367 sqm two level three bedroom penthouse unit, including terrace and 41sqm lap pool, on the thirteenth and fourteenth floor, which was sold with car space and storage lot 74 of 19 sqm on basement level 3 and another car space and storage lot 84 of 17 sqm on basement level 2, for $8.2 million;
- Unit 15 at Macquarie Apartments, 155-161 Macquarie Street, Sydney
A 189 sqm three bedroom apartment, including balconies, on level 8 plus a 36 sqm car space on basement level 2, which sold for $4.75 million; and
- Lot 135, known as unit 2705, at Arc by Crown Group, 161 Clarence Street, Sydney
A 181 sqm 4-bedroom apartment with a north facing balcony on level twenty-seven plus a 28 sqm car space and a 1 sqm storage area on basement level 2, which sold for $4.65 million.