Why Glebe is the Smart Inner-City Choice
A journey through Glebe’s history begins with a gift and finishes in one of Sydney’s most coveted urban villages.
Glebe was originally presented to the Anglican Church in 1789 (the word ‘Glebe’ actually means a piece of land given to the church). Its streets were home to the fashionable elite, the working class and the bohemian avant-garde, before becoming one of the first suburbs in Australia to experience gentrification in the 1960s.
Today, it is one of Sydney’s most tightly held inner-city hubs, where modern homes such as the Turner designed West End residences celebrate the suburb’s rich artistic and industrial history. Contemporary Glebe is a place with a unique character: laid-back and intellectual, contemporary and quaint. It’s a place that combines city style with a village vibe, brimming with bookshops, cafés, pubs, galleries and acclaimed eateries that attract people from across the city. While neighbouring Pyrmont presents as an extension of the CBD, Glebe retains its village character, thanks to its heritage architecture, eclectic flavour and waterside locale.
Due to its second and more recent period of urban renewal, and a new supply of higher quality apartments, rental prices in Glebe have grown at rates well ahead of other inner-city pockets such as Pyrmont. As a fresh chapter begins, Glebe welcomes a new demographic: people seeking luxury, convenience, the ease of living in close proximity to the CBD and the village atmosphere that is unique to this charming neighbourhood. In contrast to the wider market, Glebe has experienced a 10% increase in apartment prices, compared to Pyrmont’s more modest 7.6% shift.
Roxy Pacific recognised a rare opportunity to deliver a new precinct for Glebe: West End Residences – a visionary inner-city village where residents will enjoy close proximity to parks, the bay, and the city. Here, a collection of high quality apartments and terraces will be positioned to take advantage of both the local attractions and the momentum of a redeveloped Sydney Fish Market. With a track record that dates back to 1967, Roxy Pacific brings to bear years of expertise in identifying what purchasers need from a home. This established property developer selected Hutchinson builders, Australia's largest privately owned construction company, to deliver a sophisticated and contemporary new offering.
Positioned in the heart of Glebe, West End Residences is one of the few urban renewal projects that affords residents incredible proximity to the Sydney CBD. The increase in dwelling numbers forecast for Glebe over the next 20 years is only 18% (a mere 2,131 dwellings), which means there is every likelihood that demand will outpace supply in this coveted suburb. Compared to other inner city-areas, Glebe presents a defensive buying opportunity that offers low risk to investors.
Construction of West End is well under way, with residents moving in by the end of 2019.