North Ryde sees very big jump in apartment stock

North Ryde sees very big jump in apartment stock
North Ryde sees very big jump in apartment stock

Sydney's North Ryde tops the list of Sydney suburbs with the biggest jump in apartments for sale.

It follows a spurt in construction of apartments and recent completions were investor seek to onsell their apartments.

North Ryde was followed by Narrabeen, Hillsdale and Sydney Olympic Park. For comparison purposes, the list was derived by suburbs with at least 25 apartments for sale.

North Ryde currently has 77 units for sale compared to 29 a year back, marking a percentage growth of 165 percent in one year.

Narrabeen followed with a 164 percent rise in apartments over the last year, while Hillsdale and Sydney Olympic Park showed rises of 150 percent and 130 percent respectively.

The data was taken from the latest Stock on Market data compiled by realestateinvestar.com.au. 

Ryde has over 175 units for sale, but this time last year it was at 130, so the jump was not as high in available stock.

Liverpool has some 200 units available for sale, up from 110 this time last year.

 Suburb  Current Units for sale  Units 12 months ago  Percent change
 Hillsdale  25  10  150
 Narrabeen  37  14  164
 North Ryde  77  29  165
 Sydney Olympic Park  90  39  130

A two bedroom apartment at 20/5B Whiteside Street in North Ryde is on the market in the price range $859,500 to $945,450. 

The brand new apartment is part of the recently completed complex "Macquarie Green", picture above.

North Ryde sees very big jump in apartment stock

Another one-bedroom apartment at A119/5 Whiteside Street is on sale for $720,000 to $740,000.

It has been developed by the TOGA and Gresham Group.

The Sydney CBD has over 120 units for sale.

 

 

 

 

 

Tags: 
Sydney Apartment Oversupply

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