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Reproduced with permission.
OVERVIEW
Woolloomooloo is only 2 km from the city. It is typical of the inner city suburbs of Sydney, with tightly packed terraces lining the narrow streets and laneways.
Many of the rich and famous residents of Woolloomooloo live literally on top of the water on Finger Wharf. This is a relatively new precinct. What used to be an old wharf has been converted to multi million dollar residences with the owners very expensive boats moored at their adjoining marina berths.
Woolloomooloo is a suburb of contrasts. Not far from these luxurious apartments are homeless men sleeping under bridges, waiting for the charities in the area to open up their doors.
The shops along Cowper Wharf Roadway are commonly eateries and cafes, catering to the many tourists that visit the area.
The schooling opportunities are limited in Woolloomooloo. Plunkett Street School is a very small community school with an enrolment of less than 70 students. The Sydney Distance Education High School is based here but there are no students on campus; it only caters for students who can not attend face-to-face classes.
Access to the city is either by bus, walking or catching the train at nearby Kings Cross Station.
Why you should buy here
- Considering its close proximity to the city it is undervalued
- Woolloomooloo fronts the spectacular waters of Sydney Harbour
- The prime suburbs of Potts Point and Darlinghurst are adjacent this suburb
- A number of the terrace homes have been renovated but there are many more that require ‘tender, loving care’. Paying particular attention to the period features such as floor boards, fire places and stone work are important to potential renovators.
- Happy House Hunting!
Areas to focus on
- Terrace homes with views of the city are the ideal property to look for.
Areas to avoid
- Avoid buying too close to the Viaduct, an elevated train line that runs through Woolloomooloo. Stay clear of the Eastern Distributor, a major motorway that travels through this suburb. The Eastern Distributor has both underground and street level sections in Woolloomooloo.
- The precincts that have government and/or cooperative housing are also best avoided. These pockets are mainly in parts of Dowling, Forbes and Corfu St and Talbot Place.
Written by Peter Koulizos, university lecturer, author and buyers advocate.
