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News release

Sydney

South Sydney’s constrained supply continues to draw Asian investors

With a limited stock of large residential development sites available, interest from Asian investors continues in South Sydney’s sought-after property market; 84-92 Epsom Road, Zetland is now on the market


​SYDNEY, 28 January, 2014 – South Sydney’s residential development stock continues to receive attention from both Asian and local developers. The limited supply of large development sites in the sought-after area, and general undersupply of housing in the wider Sydney market, are two of the key reasons driving the demand into 2014.

According to Jones Lang LaSalle’s Head of Metropolitan Sales and Investments, NSW, Sam Brewer, demand in South Sydney is getting stronger as supply gets tighter and off-the-plan unit sales continue to be strong. 

“We are seeing far more developers looking at purchasing larger development sites in South Sydney, of say 200-plus units, than there were a year ago, highlighting the increased demand for the area. The larger sites provide much-needed scale as well as the opportunity for developers to create an environment within the industrial surrounds that still adjoin much of South Sydney.

“Much of the interest is from Asian investors and developers, who recognise South Sydney’s value potential for residential use due to its close proximity to the Sydney CBD, the Green Square developments, and closeness to public transport systems,” said Mr Brewer.

Jones Lang LaSalle’s Senior Negotiator, Metropolitan Sales and Investments Scott Timbrell said there is a general consensus that there is an undersupply of housing in Sydney – especially close to major centres and transport nodes and networks. “A major pressure behind this is the shortage of supply from new developments.” 

A large residential development site in South Sydney is being offered to the market by Sam Brewer and Scott Timbrell of Jones Lang LaSalle on behalf of Goodrich Control Systems Pty Ltd. 

The substantial approx. 10,300 sqm development site, located at 84-92 Epsom Road, Zetland, is part of the redevelopment area of the $8 billion Green Square precinct. The property is within 4.8km of the Sydney CBD, 5km from the Sydney Airport, with all main modes of public transport within walking distance. 

Mr Timbrell said the large, raw development site will enable the successful purchaser to create a signature residential development. 

The site consists of a rectangular parcel of land and represents an outstanding opportunity to acquire a large residential development site in the new Green Square Town Centre.

The property is being offered For Sale via Expressions of Interest, closing on Friday, 7th March 2014.