The performance of the Sydney CBD market and surrounding suburbs rests on the fundamentals of supply and demand. Currently, there are 13 projects or 1,916 apartments being marketed. Of these projects, four are completed with only 13% of the stock remaining for sale. A further six projects or 940 apartments are under construction with the remaining yet to commence. Of the projects under construction, approximately 86% of the apartments have already been pre-sold. The Sydney CBD and surrounding suburbs are not facing an oversupplied market, due to numerous factors including the established nature of the locality, funding requirements and limited development opportunities. Demand levels are expected to.
