The Urban Development Transforming Sydney’s Inner City And Inner West

March 24th, 2023 - by Brad Gillespie

When Sydney hosted the 2000 Olympics, our city’s total population was around four million people.

Today, it stands at around 5.26 million. Now, with borders reopened and immigration returning, we’re expected to add almost another million residents to our existing total so that it will stand at 6.1 million by 2033.

With great parks, facilities, amenities and the best restaurants, cafes and breweries in the city, many of those new arrivals will choose to call the inner city and inner west home.

They’re likely to be joined by an increasing number of downsizers, young professionals, families and first-home buyers who’ll be actively looking to live nearer to the city centre. That means we’re likely to see our local population also continue to grow at a rapid rate.

This is spurring a period of unprecedented urban development, with new train stations, libraries, health care facilities and even new streets appearing in once-industrial areas.

With that in mind, we look at some of the key urban developments happening in Sydney’s inner city and inner west.

Ashmore Precinct

Bordering Alexandria at the southern end of Erskineville, the Ashmore Precinct site covers more than 17 hectares between Mitchell Road, Coulson Street, Bridge Street and Ashmore Street.

For seven decades from 1907, the Ashmore site was home to the Metters factory, which produced cast iron stoves and enamelled kitchen and bathroom ware. Its best-known product was the iconic Kooka stove.

Ashmore’s redevelopment hasn’t just seen the addition of new apartments, terraces and houses in Erskineville, it’s also led to the creation of whole new tree-lined streets, including cycleways.

Many apartment buildings in Ashmore have now been completed, with the biggest development, Park Sydney, ultimately to be home to 1,400 apartments over nine different buildings.

By 2025, Ashmore will have around 6,000 residents, with new developments set to come to market.

Sydney Metro

Our part of Sydney is already one of the best served when it comes to public transport. But we’ll soon see a host of new rail connections across the inner city and inner west as part of the Sydney Metro.

The Sydney Metro is the single biggest urban rail project in Australian history, and Marrickville, Dulwich Hill, Sydenham and Central will all be on the new City and Southwest line, with each station receiving an upgrade.

Waterloo will also receive its own Metro station - one of six new stations on the line.

The Metro already runs from Tallawong and Rouse Hill in Sydney’s Outer North West to Chatswood. It will soon also continue down the North Shore, under the harbour and into the CBD. Our stretch will continue the route through the inner city and inner west and then head southwest to Bankstown.

During peak hours, there will be a metro running to the CBD every four minutes. That’s 15 trains an hour, meaning commuters can ditch the timetable and just turn up expecting a train.

From Marrickville station, passengers will reach Central in 10 Minutes, the new Pitt Street Station in 12 minutes and Barangaroo in 16 minutes. From Waterloo, it will be just two minutes to Central and eight minutes to Barangaroo.

The Sydney Metro is also designed to complement existing bus, train and light rail services.

Waterloo’s rejuvenation

Waterloo is going through a period of rejuvenation.

The NSW government announced a new ‘Metro Quarter’ would also be developed as part of the suburb’s new Metro station. This will comprise five building ‘envelopes’, including three towers and two mid-rise buildings above and adjacent to the station.

The original plans for the site development have been modified, and those amendments are under consideration. However, when completed, it should contain up to 700 new homes, including a substantial number of homes earmarked for social and affordable housing.

Right nearby, Waterloo Estate will also deliver another 3,000 new homes, made up of social, affordable and private housing. There will also be new parks, open spaces and retail and community facilities.

Construction is set to take place between now and 2032.

Green Square

Green Square is already one of Sydney’s real urban development success stories.

The revitalisation of Green Square began in 2007 and it’s expected to continue until 2030 and beyond.

All up, there should be 30,000 new homes in the suburb by the time it is completed. As a result, Green Square’s population - which was 34,253 at the time of the 2021 Census - is expected to swell to 60,000.

When it was opened in 2016, Green Square’s Main Street - Ebsworth Street - became the first new high street in Australia in 100 years, and the town centre has a 6 State Green Star - Communities rating, the highest achievable.

Green Square also has an award-winning underground library and, in Gunyama Park, the largest pool complex built in Sydney since the 2000 Olympics. It will also shortly be home to a new public primary school.

In short, it is a whole new city - that will be larger than Wagga Wagga, Mildura or Port Macquarie when completed - sitting on the footprint of what was once industrial land.

And finally…

These are just some of the notable urban development projects happening in Sydney’s inner city and inner west right now. With many more planned, including changes at South Eveleigh and the Central to North Eveleigh Urban Transformation, our area’s reputation as Sydney’s most dynamic and interesting place to live will only be enhanced.

If you’re looking to buy or sell in our area, contact my team today.