The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have significantly decreased both in number and total sales value in the last quarter. The last three months to the beginning of January 2020 recorded 121 sales for a total of $163.4 million, a decrease from the 577 sales at a total value of $747.5 million recorded for the previous quarter. This is due to the off-the-plan sales of three buildings being included in the October update.
The 12 months leading up to the beginning of January 2020 recorded 1722 sales for a total of over $2.434 billion, more than $793 million higher than the recorded figure for the same time period the year before.
The table below shows sales recorded for the past eight updates of Sydney Units Cityscope:
Notable sales this quarter include:
- The 99-year leasehold of unit 49, Macquarie Apartments, 155-161 Macquarie Street, Sydney – a 198 sqm, three-bedroom apartment on level 10, plus three car parks within the basement was sold for $5.165 million through Sydney Sotheby's International Realty - Double Bay.
- The 99-year leasehold of unit 115, 185 Gloucester Street, The Rocks – a 163 sqm apartment on the west side of level 23, plus two car parks on level 2 was bought for $3.75 million through Sydney Country Living - Terrey Hills.
- Lot 125, known as unit 3202, One30 Hyde Park, 130 Elizabeth Street, Sydney – a 227 sqm, two-bedroom apartment on level 32, plus two car parks and storage within basement level 3, was bought from the developer for $3.737 million.