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Department of Housing Announces Major Historic Land Sale in Sydney City CBD
May 1, 2014
I was recently taken on an exclusive tour to preview some of Sydney’s most iconic properties that will soon hit the market for sale. The Department of Housing has confirmed it will be selling almost 300 public housing properties in some of the most amazing locations in our city including The Rocks, Millers Point and Walsh Bay.
Alongside a journalist for the Sunday Telegraph and a representative of the Housing Department, I was lucky enough to get a taste for what will be on offer in the very near future – it was mind-blowing! I have such a deep passion for the Sydney city precinct and I am genuinely excited to know that one of the most lucrative land sales Australia has ever seen, featuring some of our most historic properties, will soon be up for grabs.
Sydney real estate ranges from apartments and terraces, through to free-standing houses in excess of 350sqm in size; all of which offer unique character, amazing space and natural light, in a fantastic location. Some even have iconic views. The historic properties that will be up for sale in The Rocks were built as far back as the 1800s and are a mix of Georgian era homes and Victoria Regency terraces. They truly are the heart and soul of this area and their history has played a part in creating our beautiful city’s inimitable culture. The harbour side apartments have more of a retro feel and are located in an iconic development that any Sydneysider will recognise if they have ever driven over the Sydney Harbour Bridge. This development was built and designed in the same era of The Sydney Opera House – offering the exact same, unique, late-modern architecture the world icon offers.
While this massive land sale is exciting and set to shake up the inner city property market, potential buyers must take into consideration a few important factors before taking the plunge to purchase.
Firstly, a love and respect for restoration of a heritage property is a must when buying into this precinct. Each property is completely unique, with some requiring minimal restoration, and others potentially running into hundreds of thousands of dollars’ worth of renovations. Secondly, you will need the time and patience to go through the process of employing both heritage experts and even an archaeologist for some of the properties’ restorations.
My tip for the the most popular and affordable entry into this market is in the Sirius Apartment development, offering much more affordable properties with minimal renovation required. The terraces and free-standing homes will have a much more extensive bill attached, including up to four years’ worth of love, sweat and tears. It’s a lengthy investment of both time and money but the end result is that you will own a part of Sydney’s history, in one of the best locations in Australia – Priceless!
About Carlie Ziri
Carlie started her property career in the inner city market in 1994, which has given her almost 20 years’ of experience in this unique property market. Carlie has been able to conquer her market in both leasing and sales, which has resulted in her selling over $400 Million worth of properties and achieving rentals of up to $5000pw for her clients. With her extensive experience, impassioned drive and dedication, along with her wealth of long-standing contacts, Lifestyle is set to swiftly become one of Sydney leading property agencies.
About Lifestyle Property Agency
Lifestyle’s specialised team of property experts is one of the most experienced in selling and managing lifestyle properties. Boasting over 80 years combined experience in inner Sydney property management, the Lifestyle team has previously sold over $1Billion worth of city dwellings ranging from $400,000 to $10million, and managed leased properties valued up to $7,000 per week.
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