There’s never been a better time to purchase luxury real estate in Sydney. Waterloo, one of the city’s fastest-growing suburbs, is the ideal location to buy your next live-in or investment property. Buoyed by urban regeneration projects, exciting new developments, a vibrant creative community and its proximity to the Sydney CBD, this suburb is definitely one to watch.
Here’s why you should consider making Waterloo the site of your next luxury residence or investment.
An area of exponential growth
Primarily a working class neighbourhood prior to the 2000s, Waterloo has undergone significant rejuvenation in recent decades. $13 billion has been invested into urban renewal construction of the wider Green Square area of which Waterloo is a part.
The current capital growth rate in the area is 10.5 per cent, according to realestate.com.au. With further developments likely to increase the growth of the suburb, it’s likely any property you purchase will increase significantly in value over the coming years.
It’s definitely an ideal time to purchase; when looking at luxury property to either live in or lease to tenants, an area experiencing high growth is never a bad thing.
Culture and cuisine
Along with neighbouring suburb Redfern, Waterloo has successfully transitioned out of its past as an industrial area into a vibrant, trendy suburb populated with independent galleries, appetising eateries and enticing weekend markets.
Residents can indulge in some wine and tapas at MOJO by Luke Mangan, or chow down on delicious authentic Italian pizza at Cafe Sopra. Popular local favourites such as The Grounds of Alexandria are only a short drive or bus ride away.
Waterloo’s multiculturalism means there’s a diverse range of food to enjoy – from Thai and Vietnamese to Korean and Mexican. ABS data shows that 35.7 per cent of the area’s population was born in Australia, with the rest coming from China, England, New Zealand, Korea and Ukraine.
In addition to diversity, the suburb also has a vibrant creative scene. An abundance of galleries have sprung up, bringing life to former factories and industrial complexes and showcasing work by both up-and-coming and well-known contemporary artists. Those looking to immerse themselves Sydney’s contemporary art scene will love the exposure to the flourishing artistic community in the area.
Waterloo is superbly located if you want to experience all that Sydney has to offer, from beautiful beaches to parks and urban icons.
Gorgeous sandy hotspots Bondi, Tamarama, Bronte and Coogee are only a short drive east. The city of Sydney itself – with its iconic Opera House, Harbour Bridge, shopping and business districts – is only 5km away.
World-class tertiary institutions
Prestigious, world-ranking institutions the University of New South Wales (UNSW) and the University of Sydney are both located close by. Both of these universities ranked in the top 100 of the Times’ World University Rankings 2017.
Your family won’t need to travel far to receive an internationally-recognised education.
Waterloo is well connected to nearby inner city suburbs including Newtown, Alexandria, Surry Hills and Randwick by bus and train, as well as to lower north shore suburbs. As part of the Sydney Metro Rail Project, Waterloo will be even better connected to the CBD and western Sydney, with a new station planned for construction.
When you’re looking to get out of Sydney on a weekend road trip, the M1 motorway is also close by, which you can take south down to Wollongong or north up towards the Central Coast. Those who frequently travel interstate or abroad on business trips will find the 15 minute drive to the airport incredibly convenient.
Just down the road from Waterloo are some of Sydney’s most popular recreational areas, including premier entertainment and sporting venue Moore Park. Beside Moore Park are the Centennial Parklands, which are a perfect retreat for a weekend bike ride, stroll or picnic.
Green spaces in Waterloo itself will also be expanding, thank to Crown Group’s plans to build a public park beside its Waterfall complex on O’Dea Street that will be open to the public.
Waterfall by Crown Group
This brings us to the main reason you’ll want to make Waterloo the location of your luxury lifestyle: Crown Group’s Waterfall complex. This development has been designed to be an oasis in the midst of one of Sydney’s most thriving areas.
“Our vision is for the buildings to feel like an extension of the green space; a place where residents can relax and breathe,” said Crown Group CEO Iwan Sunito.
Inspired by the landscapes of Indonesia, Waterfall will feature luxury apartments to cater for all family sizes, gym, gardens, an infinity pool, gym, function room, a music room, private rooftop gardens, retail outlets and a rooftop lounge.
Waterloo has it all: excellent growth prospects, culture and a prime location in close proximity to the best of the city’s universities, parks and attractions. To find out more about how you can make this up-and-coming suburb your new home, contact Crown Group today.