This is creating improved lifestyle and ‘walkability’ for residents and attracting new buyers to the area.
Exciting new formal and casual dining options are popping up in suburban streets and also along Oxford Street, breathing new life into the famous retail strip which experienced a mass exodus of shops and cafes to Westfield Bondi Junction after it opened in 2003.
Paddington and Woollahra residents are loving the opportunity to walk around the corner from home to a five-star meal.
Justin Hemmes opened The Paddington in November 2015 following a major renovation of the old Paddington Arms. He has plans for two more restaurants on Oxford Street.
“I have very fond memories of what Oxford Street used to be and we are looking forward to bringing some of that magic back,” Mr Hemmes said.
East London, Paddington’s first higher-end Asian restaurant has been newly installed on the top floor of The London Hotel.
New in the east
Sydney’s Eastern Suburbs Market Snapshot 2016
A detailed annual assessment of the property market focusing on the Eastern Suburbs of Sydney, Australia.