We are now facing unprecedented times with historically high vacancies of rental properties in the CBD precinct as a result of COVID-19. Rental vacancies have come down materially from the peak and agents are seeing renters take advantage of lower pricing rent opportunities at present. There are several reasons to buy still:• Interest rates are at an all time low• Impact of COVID-19 is likely to result in only a temporary change to rental behaviour in the CBD initially with NSW reopening its economy and a near term shift to workers returning to CBD precinct• Less competition in buying now...…We are now facing unprecedented times with historically high vacancies of rental properties in the CBD precinct as a result of COVID-19. Rental vacancies have come down materially from the peak and agents are seeing renters take advantage of lower pricing rent opportunities at present. There are several reasons to buy still:• Interest rates are at an all time low• Impact of COVID-19 is likely to result in only a temporary change to rental behaviour in the CBD initially with NSW reopening its economy and a near term shift to workers returning to CBD precinct• Less competition in buying now...WW…

Despite all the negative news hitting the headlines over the past year about the housing market and crunch on credit for lending seen across Australia, the luxury apartments in the Sydney CBD still seem to be holding up quite well. We can see that the high quality prestige end of the CBD market has weathered the downturn and the market still likes apartments that have excellent facilities, good architecture, location and views. A good example is the recent sale in January this year of a stunning 1BR apartment in the Bennelong 7 building at Circular Quay by Morton Real Estate for $2.25m...…Despite all the negative news hitting the headlines over the past year about the housing market and crunch on credit for lending seen across Australia, the luxury apartments in the Sydney CBD still seem to be holding up quite well. We can see that the high quality prestige end of the CBD market has weathered the downturn and the market still likes apartments that have excellent facilities, good architecture, location and views. A good example is the recent sale in January this year of a stunning 1BR apartment in the Bennelong 7 building at Circular Quay by Morton Real Estate for $2.25m...WW…

It has not had a lot of news coverage but that’s right, the George St Cinemas location is undergoing a redevelopment. At this stage it looks like it will be a mix between residential and commercial. The owners of the site are currently Coombes Property Group & Mirvac. We can expect a good quality development with this one and what better location than right next to Town Hall Station. With all the Metro Rail work that will transform the CBD and also the Sydney CBD Light Rail, the whole Sydney CBD will really be a whole different place for both works and residents alike over the next...…It has not had a lot of news coverage but that’s right, the George St Cinemas location is undergoing a redevelopment. At this stage it looks like it will be a mix between residential and commercial. The owners of the site are currently Coombes Property Group & Mirvac. We can expect a good quality development with this one and what better location than right next to Town Hall Station. With all the Metro Rail work that will transform the CBD and also the Sydney CBD Light Rail, the whole Sydney CBD will really be a whole different place for both works and residents alike over the next...WW…