A NEW residential development in Woolloomooloo has been nominated as a blueprint for the future.
NSW Planning Minister Rob Stokes said more densely populated housing was the key to sustainable living, as he unveiled property developer Fivex’s newest apartment offering – the Anchorage.
“This is the sort of development that the NSW Government would like to see in more places, so that as Sydney gets bigger it actually becomes a better place to live as well,” Mr Stokes. “Ultimately, that should be the focus of everyone in the development industry, everyone in the planning industry, everyone in government.” The Anchorage marks the spike of Woolloomooloo’s urban renewal.
Sitting on a block overlooking Finger Wharf, the five-storey complex on 65 Cowper Wharf Rd is one of the few remaining waterfront sites in the inner city.
On just 500sq m, general manager of Fivex Lesli Berger said the upward trend in recent developments of compact neighbourhoods was the solution to Sydney’s land scarcity.
“There are a significant number of developments in Sydney because there’s a chronic undersupply in Sydney,” he said. Mr Berger said increased diversity was one of the benefits of densified suburbs. While most of the 16 apartments have sold, the threebedroom penthouse is on the market for $6 million.
Prices ranged from $600,000 for the studios and single-bedroom flats and $1.7 million for the two-bedroom apartments.