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South of the River - Autumn UPDATE 2021

Two-bedroom and three-bedroom apartments both accounted for 42% of sales.

During the December 2020 quarter, the South of the River precinct recorded 60 unconditional transactions. Demand primarily sat in the $900,000 to $1,200,000 range, as the weighted average sale price increased to $818,000.

  • “The Sinclair” was South of the River’s best performer with 20 unconditional off-the-plan apartment sales. This development totaling 122 apartments now has 2 apartments remaining available for purchase.
  • Two-bedroom and three-bedroom apartments, both accounted for 42% of new and off-the-plan sales south of the river. One-bedroom apartments accounted for another 15% of sales.
  • The most common price brackets were $900,000 to $1,200,000 and $550,000 to $650,000, accounting for 25% and 20% of total sales, respectively.
  • Remaining stock is mostly made up of two-bedroom apartments, accounting for 47% of remaining stock. One-bedroom apartments accounted for 32%, as three-bedroom configurations make up 12% of the remaining new apartment supply.
  • Of all new apartments in the South of the River precinct, approximately 80% have now completed construction. There are currently 545 new apartments remaining for sale throughout the South of the River precinct.
  • There are currently 20 new apartment buildings in the South of the River precinct with apartments available for purchase. Of these, several are close to selling out, with 9 developments having 10 apartments or less available for sale.

South of the River