Sydney House Arrives at Exactly the Right Time – Independent Research Supports View that Demand Far Outstrips Supply in Sydney CBD 

A new era of sophisticated urban living is taking shape in the heart of the city, as Sydney House, a landmark development by joint venture partners including First Sponsor and ICD Property, prepares to deliver an unparalleled residential experience. 

Designed for those who appreciate timeless architecture, cultural immersion, and the ease of world-class amenities at their doorstep, Sydney House promises to redefine inner-city prestige and its launch is well-timed with market indicators. 

Independent research corroborates this opportune timing. According to Charter Keck Cramer’s H2 2024 State of the Market Report, the Sydney apartment market faces a significant supply-demand imbalance with continued population growth paired with limited new supply. The report highlights the post-pandemic impact on the apartment supply pipeline, with many planned projects placed on hold or discontinued, due to the broader construction environment. Whilst many factors are causing projects to face difficulties taking off; Sydney House offers a unique opportunity for purchasers to buy with confidence in a project that is more than two years into its construction program. Delivery partner Richard Crookes Constructions commenced construction in Q1 2022 and is now well into the build.  

A recent research report published by CBRE in June 2025 suggests that “Australia’s population growth is set to experience continued growth of up to 15% by 2030 supporting the requirement for new housing solutions. The report highlights that the Sydney apartment supply over the next five-year period is forecast at 12,200 dwellings per annum with a demand forecast requirement of 30,000 dwellings. This suggests that demand for new apartments in central Sydney is expected to exceed supply for years to come, poising the market for a period of growth.” 

SRM Residential Partner and former CBRE Director, Tim Rees explains, “Around 80% of ‘right-sizer’ purchasers seek a property that’s easier to maintain. Approximately half see this as part of their retirement plan, and 40% do so as they want the proceeds of their former home for other things.” 

A representative from the developer commented that the Sydney House is truly a once in a generation project, and with the macro-economic factors in growing demand, and a more difficult landscape to deliver projects of this calibre, we believe this is an opportunity that truly will not present itself again. We have observed the Reserve Bank cutting the cash rate by 50 basis points this year, with the market anticipating an additional 80 basis points by mid-2026, which is already stimulating the market for prospective purchasers. 

Set within Sydney’s most coveted and walkable precinct, this premium address places future residents amid the most vibrant, dynamic part of the CBD.  

The revitalisation of these historic thoroughfares is reawakening the heart of the city, blending heritage character with contemporary energy and cementing Sydney’s status as a truly global, iconic city. 

To register your interest or discover more, visit sydneyhouseresidences.com.au or call 1800 775 055. Display Gallery coming soon.