CBD apartment sales volume in Sydney in decline: CoreLogic

CBD apartment sales volume in Sydney in decline: CoreLogic
CBD apartment sales volume in Sydney in decline: CoreLogic

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, according to CoreLogic’s latest report.

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:

Click to enlarge

CBD apartment sales volume in Sydney in decline: CoreLogic

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.

Click to enlarge

CBD apartment sales volume in Sydney in decline: CoreLogic

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Sydney Apartment Sales

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