The City of Sydney’s real estate market has seen significant development in recent years with a surge in population growth. This has led to increased demand for high-density living options like apartments and townhouses, leading to more construction in areas including Ultimo, Pyrmont, and Surry Hills. Mixed-use developments combining residential, commercial, and retail spaces have also become popular, providing convenient access to shopping, dining, and entertainment all in one location. Additionally there is a renewed emphasis on sustainability with developers incorporating eco-friendly features such as solar panels and rainwater harvesting systems into new buildings.
Co-living spaces are becoming more popular in Sydney, especially among young professionals and students. They provide shared living areas and communal facilities like kitchens, laundry rooms, and private bedrooms. Examples include The Collective in Camperdown and WeLive in Darlinghurst.
Real Estate Market
The City of Sydney has seen big investments in infrastructure lately, including new transport links such as the Sydney Light Rail and the WestConnex motorway. These projects have made the region more accessible and appealing to investors, leading to growth in the real estate market.
The real estate market in Sydney has seen strong price growth, particularly in areas such as Darlinghurst, Surry Hills, and Paddington. This is driven by a high demand for property and limited supply of new housing stock. The sector continues to evolve with a focus on high-density living, mixed-use developments, sustainability, co-living spaces, infrastructure investment, and ongoing price growth.