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Young professionals attracted t...

Young professionals attracted to Woolloomooloo properties

Trendy young professionals in Sydney are increasingly drawn to the old dockside suburb of Woolloomooloo. 

This may come as some surprise, given that areas such as Paddington, Balmain, Surry Hills and Kirribilli may have typically been more associated with the image of this kind of person. 

In what has been described as one of the biggest surprises of the 2016 Domain Liveable Sydney Study, the area once known for its homeless problems and being an area populated by lots of public housing is singled out as the best spot for young professionals to live. 

Local resident Alice Hidajat, a 27-year-old risk management expert, said this comes as no surprise, as Woolloomooloo is a "wonderful place to live". 

Ms Hidajat is an account executive at SAI Global and has lived in a Woolloomooloo apartment for three years. 

She described the region as having very convenient access to the other major areas in Sydney - and it only takes her 15 minutes to walk to the Central Business District where she works. 

Despite its historically down-at-the-heel image, Woolloomooloo saw its reputation start to rise when Finger Wharf - a heritage-listed complex - became the first of the Sydney wharves to be redeveloped in 1999. 

It was subject to a $300 million renovation, which transformed the timbered-piled wharf into a property hotspot hosting 300 apartments, a hotel, restaurants and marina. 

Ms Hidajat said this makes Woolloomooloo a nice place to enjoy a leisurely break: "It's a lovely walk too, down past the Finger Wharf, the water and the Botanic Garden, so it's a great way to start every day. Otherwise, I can get the train at Kings Cross or there are a lot of buses." 

There are also plenty of places to eat - and if China Doll or the pies at Harry's Cafe de Wheels do not appeal, then the eateries at Potts Point and Elizabeth Bay are only a short walk away. 

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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