Category: News

Sydney apartment sector still strong as entire unit blocks hit the market

Latest news: Rentvesting grows due to affordability, work choices NAB predicts down year for price growth Office space in hot demand While the increased availability of apartment stock in Sydney is nothing new, not everybody is willing to write off the investment viability of the sector just yet.
Real estate services firm CBRE has recently listed two entire unit blocks, one in Marrickville featuring 46 studios and another in Coogee featuring 26 apartments, and is expecting strong interest in the two after previous sales of entire blocks.
CBRE's Nick Heaton recently oversaw the $10m sale of a block of apartments in Queenscliff as well as the $8.85m sale of a block of 26 apartments in Sutherland.
Both blocks attracted significant buyer interest and returned higher than expected sale prices at auction and Heaton is expecting the same for the Coogee block, which has been held by family owners for a significant period of time.
“The ability to purchase an entire block of units, particul..

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