A knife-wielding man has been shot dead by police in Sydney.

Officers were called to a home in inner-western Glebe, just before midnight Wednesday amid concerns for a man’s welfare.

When police arrived they were confronted by a 43-year-old man armed with a knife.

One officer discharged a taser before another officer shot the man who was treated by paramedics but died at the scene.

A critical incident team from the State Crime Command’s Homicide Squad will investigate.

The investigation will be subject to an independent review and oversight by the Coroner and the Law Enforcement Conduct Commission.

-AAP

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