A man has died after he was fatally shot by police in inner Sydney overnight.

At about 11.50pm, emergency services were called to a home in Franklyn Street, Glebe, over concerns for a man's welfare.

They were there allegedly confronted by a 43-year-old man with a knife.

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A man is dead after a police shooting in Glebe, Sydney.

One officer fired a taser, and another their gun.

The man was treated by paramedics but died at the scene.

An investigation is now underway into the circumstances surrounding his death.

A report will be prepared for the coroner.

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