Monthly Sydney Property Insights

Our sense that Sydney’s CBD commercial strata was overheated by one off Metro and other withdrawals of supply looks to have been right.

A quality, well proportioned suite (square and easily divisible with two entries unlike many narrow offerings) but outside the financial core at 308/155 King Street just sold for $771,000 which was $29K below a legitimate price guide.

The absence of any fanfare is unsurprising.

Even a new flagship Louis Vuitton currently going in to the former Westpac banking chamber and basement below wasn’t enough to achieve a stellar outcome like the recent ones north across King Street.

Still, this vendor might just have dodged something as exposed by the following excellent article (paywall).

One of the last tax breaks for SMSFs and SMEs, many who bought in to this market at its peak could find themselves under water if future funding dries up. (As any nightclub or boarding house investor will tell you, partnering with regulators is risky).

And that’s before nearby new developments like Tattersalls and DJs which include discrete commercial components come out of the ground.

There are also many more commercial strata buildings in the financial core than some would have you believe.

A space for #Sydneypropertybuyers to watch and avoid – for now –



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