By Rich Harvey, CEO & Founder, propertybuyer.com.au
The Inner City includes the CBD (including The Rocks, Barangaroo, Millers Point and Dawes Point) and inner city suburbs within the City of Sydney local government area (LGA). Sydney’s CBD is becoming a highly desirable place to call home due to new residential developments and more shops and cafés open on the weekend to service residents. There are also a multitude of existing shops, parks such as the expansive Hyde Park and entertainment venues in the CBD such including the Sydney Opera House and City Recital Hall in Angel Place.
The Barangaroo redevelopment is expected to cost in the realm of $6 billion and be completed by 2023. It will include several new apartment and
Sydney’s inner CBD suburbs such as Pyrmont, Potts Point and Darlinghurst remain sought-after areas to live due to their walkability and proximity to the CBD, which is reflected in the property prices.
Homes in Inner City are spoilt for transport options. There are seven inner city train stations, including central and there are soon to be three more once Sydney Metro construction is completed. Ferries service Darling Harbour and Circular Quay and busses travel from the CBD to the inner and middle ring suburbs. Light rail will run from Circular Quay to Central Station via George Street by December 2017 and connect to Kingsford, Randwick and Dulwich Hill from there.
As mentioned above, there are a huge array shops, restaurants and cafés in the CBD and Inner City, which will continue to grow in number as more residents buy property and move into the area.
Pitt Street Mall is the largest shopping area in the CBD and runs between Market Street and King Street. It is home to many flagship chain stores including Myer and more than 400 specialty stores. It comprises four shopping centres and arcades including the 19th century Strand Arcade and Westfield Sydney which was redeveloped in 2014 to expand the centre by 130 stores and become Australia’s third largest shopping centre by lettable area. The shopping centre now fronts three streets including Market Street, Castlereagh Street – arguably Australia’s most exclusive luxury shopping street and Pitt Street – one of the world’s most expensive shopping streets by rent.
Other shopping centres include Queen Victoria Building, World Square, the MLC Centre, Market City and Broadway Shopping Centre.
Countless restaurants are located in the CBD and inner city and range from fine dining restaurants with some of the best chefs in the world to value-focused Asian cuisines in Chinatown. For those who live in the city many of these are just a short walk from home.
A number of Sydney’s highest ranking schools are housed in the inner city or are easily accessible from there. Sydney Girls and Boys High Schools in Moore Park consistently rank highly based on academic results. Macquarie Grammar School, Sydney Grammar School, SCEGGS Darlinghurst and St Vincent’s are not far behind.
The University of Technology Sydney (UTS) is conveniently located in Ultimo near Central Station. The University of Sydney in Camperdown is easily accessible from Redfern Station and Sydney’s oldest and most highly regarded university.
SYDNEY CBD MARKET REPORT
Learn about the local in the area, including best schools, differences in suburbs, current statistics and information about what you can expect to pay for different types of properties in the area.
Sydney is blessed to be home to two major public reserves in the CBD; Hyde Park and the Royal Botanic Gardens, which celebrated its 200th birthday recently. The newly created Barangaroo Reserve is also a picturesque spot to stop with panoramic harbour views. Moore Park including Moore Park Golf Club is another popular Inner City park, which is part of the 360 hectare Centennial Parklands.
Darling Harbour is known as the entertainment precinct of the Sydney CBD and has a wide variety of waterfront restaurants and bars and has regular fireworks displays. The Barangaroo development including the new Casino and associated restaurants will extend the precinct to the north.
Event Cinemas have a theatre in George Street which shows all the latest Hollywood blockbusters in Vmax and Gold Class luxury.
Andrew ‘Boy’ Charlton Pool has a stunning waterfront location looking over Woolloomooloo Bay and Cook and Phillip Park Aquatic and Fitness Centre on College Street has multiple pools as well as a comprehensive fitness centre and a sports court. Other options include the Ian Thorpe Aquatic Centre in Harris Street and the Prince Alfred Park Public Pool in Surry Hills.
Buying a home or apartment in the inner city suits a range of buyers from students to professional couples and retirees. Investors are also attracted to the area due to the high demand for rental properties. Our buyers agents love helping people find property in the CBD and inner city as we can quickly and efficiently sort through the large number of properties available to find one that fits your requirements.
Searching, inspecting, appraising, negotiating and managing pre-settlement actions on your behalf.
Applying market data and analysis to give current market value appraisals and bidding or negotiating on your behalf.
Engaging our expert negotiators to bid and negotiate at auction on your behalf.
Anna has lived in the CBD and Inner City for the last 12 years and has been assisting home buyers find their dream Eastern Suburbs home fo the last 10.VIEW PROFILE
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By Guest Blogger, Terry Ryder, founder, hotspotting.com.au and propertyU
By Rich Harvey, CEO & Founder propertybuyer
Top 10 Tips for Buying Your Next Home
This guide will give you excellent tips to ensure you are well on your way to becoming a happy home owner!
The suburbs within or partially within the City of Sydney which our
Many of the suburbs surround the CBD have undergone a rapid transformation in recent years as the value of housing has risen dramatically. Alexandria, once considered a mostly industrial area is now a thriving community with warehouse conversions, new apartments, art-deco and renovated terrace homes for sale. Nearby Erskineville and Newtown are very popular suburbs with fabulous food and retail outlets that dominate King Street. Proximity to the city, trains, parks and pubs make the CBD and inner city a