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September 2017

Sydney's Week Of Massive Deals ...

It has been a huge week for the Sydney property market. Here are 3 of the highlights...

1. In Australia's biggest single office deal ever, AMP Capital will buy out almost half of Brookfield’s $1.8 billion Wynyard Place development in Sydney. Read more...

2. Channel 9’s 3 hectare TV studio site in Willoughby was sold for $147.4 million. The site has concept plan approval to develop 400 residential apartments across eight towers. Read more...

3. A Cushman & Wakefield report on the Sydney CBD revealed activity of over $62 billion encompassing infrastructure, office, hotel and residential development. This includes a wave of hotel development with around 3,000 additional rooms and an estimated value of over $4 billion. Of particular interest to us were their comments on residential development which has allowed the CBD resident population to grow from 133,173 in 2001 to 230,326 by 2016, an expansion of over 70%. They concluded,“...these developments will help drive economic growth by making it faster and easier to move around the CBD, promote Sydney as a destination and create the space to absorb future business growth.” Read more...

So its all good news for Sydney!