Botany is undergoing a transformation from industrial hub to residential hot spot
LYING in the shadows of Port Botany and Sydney Airport, Botany has a long industrial heritage but new development is fuelling its transformation to a residential hotspot.
Frasers Property’s Dino Carulli said Botany was a suburb to watch in 2016.
“The Botany area is undergoing significant urban renewal as redundant employment lands are being converted into residential and mixed-use developments,” Mr Carulli said.
“Already well-known for its wide, green open spaces and community feel, Botany now has an emerging village atmosphere with new eateries and cafes and trendy shops like Chappelli Cycles that embraces the Botany lifestyle of outdoor recreation.”
Botant has increased in popularity with buyers attracted to the suburb’s amenities, such as the cycleways, golf courses, parklands and its proximity to the CBD and eastern beaches, he said.
Frasers Property is part of this renewal with its $360 million Tailors Walk project, spanning 3.1ha, set to deliver another 440 homes to the area.
The offering, including 60 terraces and five apartment buildings, have a price guide starting from $600,000 for a one-bedroom unit.
Viola Lee, who bought a two-bedroom apartment in the development, was attracted by the location.
“We love the tranquillity of nearby Sir Joseph Banks Park, as well as the fact we are only 10 minutes from Westfield Eastgardens,” Ms Lee said. “Botany’s locality and affordability has made the suburb highly competitive in the housing market.
“We were surprised to buy a north-facing two-bedroom apartment of 80sq m with city views, a generous balcony and two car spaces for under $1 million.”
Owner of Chappelli Bikes, Pablo Chappelli, said he chose to open in Botany because of its past.
“It’s one of the last suburbs in Sydney that has a genuine industrial thing going on,” he said.
Frasers Property Australia are inviting Botany locals to head over to the Tailor’s Walk site and enjoy live music, cuisine from local restaurants and food outlets and find out more about the masterplanned development.