Commercial Market Update – Sydney Units Cityscope
The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have decreased appreciably both in number and total sales value in the last quarter. For the three months to October 2016, there were 180 sales at a total value of $213 million, compared to 296 sales at a total value of $462.8 million for the previous quarter. The yearly figures have increased in total sales value but decreased in number, with 898 sales at a total value of $1.15 billion for the twelve months to October 2016, compared to 947 sales at a total value of $1.04 billion for the previous year.
The table below shows sales recorded for the past eight updates of Sydney Units Cityscope:
Notable sales in the October 2016 update of Sydney Units Cityscope include:
- Lot 131, 157-167 Liverpool Street, Sydney, a 1,085-sqm apartment with four balconies, a terrace, deck and pool, two storage areas and five parking spaces in the basement, which was transferred for $30.15 million;
- Unit 1101, 61-69 Macquarie Street, Sydney, a 203-sqm, two-bedroom apartment with balconies, a storage lot and basement parking for 3 cars, which sold for $9 million;
- Unit 59, 155-161 Macquarie Street, Sydney, a 199-sqm, three-bedroom apartment with a balcony and basement parking for four cars, which sold for $4.25 million; and
- Unit 2503, 127-153 Kent Street, Sydney, a 146-sqm, two-bedroom apartment with a balcony, which sold for $4 million.
Commercial Research
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.
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