16/16-18 O'Connell Street, Sydney, NSW 2000 | Property Value & History | OnTheHouse
OFF MARKET

16/16-18 O'Connell Street
Sydney NSW 2000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 143m2
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Last updated 17 Aug 2026
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Property Details for 16/16-18 O'Connell St, Sydney

16/16-18 O'Connell St, Sydney is a 2 bedroom, 2 bathroom Unit and was built in 1997. The property has a floor size of 143m2.

Building Type
Unit
Year Built
1997
Floor Size
143m2
Local Government
Sydney

Last Listing description (February 2020)

This sub-penthouse apartment is going to appeal to a select group of buyers. It is a matter of compromise but in my opinion many buyers will see this as a great opportunity.

It is rare within the residential Sydney CBD market that offerings like this come up for sale.


I acknowledge that this property cannot and will not appeal to all buyers due to the commercial type strata levies imposed but these have been reflected in the guide price.

I firmly believe that there will be plenty of buyers who will express interest and will understand the unique opportunity this property offers.

This property is positioned as the sub-penthouse, split level with access on level 10 with staircase to the living areas on level 11. According to the strata plan the property is 162 square metres that offers a genuine sense of open expansive living space. The floor plan consists of spacious living room and open plan kitchen with smeg appliances, generous master bedroom with en-suite and second bedroom and bathroom complete this exclusive city pad.

It is unique due to the dearth of residential space located in the heart of the Central Business District. This location is prime, positioned in a beautiful 12 storey Art Deco building at 16 O'Connell Street. It was once the building for the Bank of New South Wales that was built circa 1938, the architect was Bruce Dellit whose work includes the War Memorial in Hyde Park.

There is a grandeur and stateliness that these older buildings exude which contemporary modern developments find hard to replicate.

The location requires little explanation; according to Google Maps it is 400 metres to Martin Place or a four-minute walk, 300 metres to Chifley Tower, 190 metres to Wynyard Rail Station and 500 metres to Circular Quay.

I am of the opinion there is a perfect home for everyone but I am positive there will be an abundance of interest from prospective buyers who will fall in love with this one.

Property History for 16/16-18 O'Connell St, Sydney, NSW 2000

A timeline of how this property has performed in the market
Listed for Rent
$1.05k/w
30 Oct 2018
  • 06 Feb 2020
    Listed for Sale Guide: $800,000 - $880,000
  • 24 Nov 2019
    Listed for Sale Guide: $800,000 - $880,000
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About Sydney 2000

The size of Sydney is approximately 3.0 square kilometres. There are 16 parks, covering nearly 33.5% of the total area. The population of Sydney in 2016 was 17252 people. By 2021 the population was 16667 showing a population decline of 3.4% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydney work in a professional occupation.In 2021, 24.20% of the homes in Sydney were owner-occupied compared with 29.10% in 2016.

Sydney has 24,392 properties. Over the last 5 years, Houses in Sydney have seen a 34.40% increase in median value, while Units have seen a -8.45% decrease. As at 31 July 2026:

  • The median value for Houses in Sydney is $1,742,133 while the median value for Units is $1,059,856.
  • Units have a median rent of $1,000.
There are currently 184 properties listed for sale, and 313 properties listed for rent in Sydney on OnTheHouse. According to Cotality's data, 584 properties were sold in the past 12 months in Sydney.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.