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Chippendale fringe asset sold at City prices

Property Markets / Outlook

Australia

Jul 01 2017

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Carolyn Cummins, The Sydney Morning Herald

Investors have snapped up more than $360 million of City fringe assets, but with supply tight, the prices paid are matching the central business district.

One of the latest was by a local Melbourne investor who has moved into the Sydney city fringe sector, paying $38.818 million or close to $10,000 per square metre – a rate comparable to that of the CBD, as supply remains scarce in Australia's most popular state.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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