The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have increased in total sales value in the last quarter. The last three months to July 2020 recorded 124 sales for a total of $199.4 million, compared to the 132 sales for a total of $187.6 million recorded in the quarter to April 2020, and the 121 sales at a total value of $163.4 million recorded for the quarter to January 2020. One building of off-the-plan sales are included in this update.

The 12 months leading up to July 2020 recorded 954 sales for a total of close to $1.298 billion, a decrease from the 1,444 sales for a total of $2.066 billion, 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: 

  • Unit 27 in Macquarie Apartments at 155-161 Macquarie Street, a 189 sqm three-bedroom apartment including balconies on level 14 plus a 53 sqm car parking area on basement level 4, which was bought for $6.1 million; 
  • Unit 3603 in Quay West at 96-100 Gloucester Street, a 167 sqm harbourside three-bedroom apartment including balcony on level 36, which was sold together with two car parking lots, lot 75 and lot 76, and accessory lot 148 for $5.3 million through Ray White Hurstville and
  • Lot 92, known as Unit 2601 in the mixed-use building at 60 Bathurst, a south-east facing three-bedroom two-storey apartment comprising 83 sqm with a 7 sqm balcony on level 26 and 77 sqm with a 7 sqm balcony on level 27 plus a 13 sqm car space and two storage areas both of 2 sqm on basement level 2; which was bought off-the-plan for $4.3 million.