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Relaxing Retreats the Rocks Historic Land Sale Inner City Property Relaxing Retreats Issue 2, 2014 The Rocks Historic Land Sale TOP Rental Inner city property statistics Yields Best of summer: what’s on Sydney’s inner city guide 1895 Welcomet has been a huge year for the property This edition of our lifestyle guide is packed with market and for the Lifestyle Property the many exciting upcoming events and festivals Agency. With property sale prices still at an over summer. It guides you through what’s on Iall-time high, the Sydney real estate market offer in the inner city plus feature articles on the continues to surge. The rental market is as history of The Rocks, foreign investment, health buoyant as ever although we have seen the top retreats, key tips for investing in the city, exciting end of the rental market affected by the Living pub nights and many property related articles. Away from Home Allowance (LAFHA) reform. It also includes our regular guides on where to eat, drink and what to do. It has been almost two years since the government tightened LAFHA, essentially As the year draws to a close, the team at limiting tax concessions to employees Lifestyle Property Agency would like to wish maintaining a home in Australia. Since then, you a safe and happy holiday season. We look high-end rental properties in Sydney’s CBD forward to bringing you our next edition in 2015. have struggled to command the premium prices achieved prior to the legislative Enjoy! changes. Properties renting for $1800 – Carlie Ziri $4000 per week have been hit hardest and thankfully properties priced under Director, $1500 per week have been unaffected. lifestyle property agency 2 lifestyle guide contents 2 Welcome 20 Hot property 33 Development profile: Gazebo 4 History of the Rocks 22 LPA leasing results 34 Food shopping: 6 Historic Rocks land sale 23 LPA sales results Market Magic 8 Strata living 24 City update: 36 Profile: Sydney’s green heart Nashen Moodley 10 Relaxing retreats 26 Fun pub nights 38 What’s on 14 Meet the Lifestyle team 28 Bar guide 41 Online & Services guide 15 To furnish or not to furnish 30 Invest in Sydney CBD 42 Money matters: 16 Foreign property rules The Hunt for Yield 32 Charity profile: 18 Eat treats Wayside Chapel 10 Relaxing retreats 30 Invest in Sydney CBD Bar guide 28 18 Eat treats 38 What’s on Team Publisher Carlie Ziri lifestyle guide Editor Susan Hely 140 Cathedral St, East Sydney NSW 2011 Designer FLUXX www.fluxx.com.au Tel 9380 2255 [email protected] Advertising Michelle Seale www.thelifestyleguide.com.au Tel 0498 647 459 Fax 9876 8558 [email protected] lifestyle guide is registered with Australia Post. © Copyright 2014. No part of this newsletter may be copied or reproduced in any form without the written permission of the lifestyle property agency. To the best of the editor’s knowledge, all details were correct at the time of going to print. The editor and the lifestyle property agency are neither responsible nor liable for any errors in the lifestyle guide. Cover: State Library of NSW DL PX 163. Kevin Leamon, Copyright & Permissions. lifestyle guide 3 SYDNEY’S BIRTHPLACE History of The Rocks Soak up Australia’s early history 4 lifestyle guide ake a walking tour of The Rocks and hear Some of earliest entrepreneurs built their the tales of convicts, sailors and free businesses in The Rocks such as Mary Reibey, settlers as you walk down the original who arrived as a convict in 1791 and started flagstones that date from the earliest out from a small house in the Rocks then ran daysT of the colony. The Rocks is the birthplace a trading and shipping business. She went of white Australia when the First Fleet’s 1300 on to build a number of fine houses and own people set up camp around the fresh water one third of all the property in The Rocks while The Rocks of the Tank Stream. raising a large family. Soak up Australia’s early history The Rocks is where the convicts first lived while Another enterprising convict was Francis the free settlers built their houses further up the Greenway who was sent to Australia because hill towards what is now Cumberland Street. he forged a financial document. He became It had an unsavory reputation for its brothels, Australia’s first great architect and many of his drinking houses, opium dens, gambling and famous buildings remain such as the lighthouse robbers. But It was also a dynamic trading at Watsons Bay and St James Church in Queens port, surrounded by deep water on three sides, Square. He was commemorated on the $10 where boats pulled up to unload their cargo note, not bad for a forger. The notes were taken that was housed in warehouses that are still out of circulation in 1984. standing today. Visit Maori Lane named for the Maori whalers The Rocks is the most historic part of Australia who lived there after they left New Zealand with over 100 heritage sites and buildings that where they were persecuted. The Rocks had are well over 150 years old. Australia’s first Chinatown too. Cadman’s Cottage was built in 1816 on the The Rocks had other intriguing historical periods banks of Sydney Harbour and is one of the few apart from the convict past. In the 1870s, The remaining buildings from the first 30 years of the Rocks community was overrun by notorious colony. The water transport building and sailor’s larrikin gangs called The Rocks Push. Around home was built on the water’s edge but the sea 1900 the bubonic Plague devastated Sydney has resided over 100 metres since then. and triggered a mass demolition of housing and important buildings in The Rocks. Visit the archaeological evidence of the Gadigal people who lived in the area for 400 In the 1970s there was a move to tear down years before the 11 ships of the First Fleet sailed The Rocks’ eclective architecture and it was into Sydney harbour and changed their lives stopped by Jack Mundey, the secretary of the forever. The crushed shells from the Gadigal Builders Labourers’ Federation. He started the were used in the mortar that is found in the Green Bans around Sydney that ultimately led sandstone blocks all around The Rocks. to the preservation of the area. lifestyle guide 5 STATE PROPERTY SELL OFF Historic Rocks Take advantage of a rare land sale property opportunity arlier this year I was taken on an within the area around the south end of the exclusive tour to preview some of Sydney Harbour Bridge. I have a deep passion Sydney’s most iconic properties that will for the Sydney city precinct and am genuinely soon be for sale. The NSW Government is excited that one of Australia’s most lucrative Eselling almost 300 public housing properties in land sales, featuring Sydney’s most historic the waterside city locations around The Rocks, homes, will soon be up for grabs. Millers Point and Walsh Bay. The properties range from apartments built in Alongside a representative from the NSW the 1970s to terraces and freestanding houses in Housing Department and a journalist from the excess of 350 square metres. All have a unique Sunday Telegraph, I was lucky enough to see character and offer wonderful space, natural what will be on offer over the next 18 months. light and are close to Sydney Harbour and I was amazed at the selection of property, all the CBD. Some have iconic views. The historic 6 lifestyle guide Firstly, a love and respect for restoration of a heritage property is a must when buying into this precinct. Each property is unique. Some require minimal restoration while others will run up renovations worth hundreds of thousands of dollars. Secondly, you will need time and patience to go through the process of employing both heritage experts and even an archaeologist for some of the properties’ restorations. What to buy My tip for the most popular and affordable entry into The Rocks is the Sirius Apartment development. You will be familiar with the stepped concrete and glass building, designed by architect Tao Gofers, as it stands out when you drive over the Sydney Harbour Bridge. The 79 apartments have a retro feel and require minimal refurbishment. In contrast, the terraces and freestanding homes will need a much more extensive renovation and could take up to four years of love, sweat and tears to renovate. It is a lengthy investment of both time and money but in the end, you will own an important part of Sydney’s history in one of the best locations in Australia. Priceless. Carlie Ziri LAND SALE 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 Victorian Regency terraces. These graceful buildings are truly the heart and soul of this significant area and their history has played a part in creating Sydney’s inimitable culture. While this massive property sale is an exciting opportunity and set to shake up the inner city property market, potential buyers must consider the following factors before purchasing: lifestyle guide 7 APARTMENT LIVING Strata living An effective strata manager is key ore and more Australians are pay their levies, placate feuding executive choosing to live in strata title committee members, pay all the bills and keep communities. In New South Wales sound records. Importantly they make sure the alone, 25% of the population live, building’s owners comply with the statutory Mown or are employed within a strata scheme, requirements.
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