Sydney Food Trucks Have Arrived!
Move aside Los Angeles, Portland, and NYC: Sydney now has food trucks. A press release issued by the City of Sydney reveals the approval of 10 food truck locations in the City of Sydney. Furthermore, the city released a mobile app for patrons to get the latest news about the whereabouts and details of the food trucks. How modern! The locations where you can now purchase food from a truck: ...
This Week in House Flips (or Distressed Sales?)
Two multi-million dollar Eastern Suburbs listings emerged on the market this week that led to some raised eyebrows here at Radical Terrace. Both abodes are the result of book-time (2007/2008) speculative apartment redevelopments. First up (pictured above and below) is a full-floor unit in the 7-unit serviced apartment conversion ‘The Grantham’, situated in a tiny cul-de-sac at the...
Will Australia's Cashed-Up Pension Funds Alter the... →
Nichola Saminather at Bloomberg wrote an interesting piece on the increasingly large coffers of capital being held by Australia’s pension funds. Martin Lamb, the Sydney-based director for Asia-Pacific real estate at Russell Investments (Lamb is the Radical Terrace’s favourite source for macro-economic insight in the property market) sums it up “We are poised for the highest ever new...
George Lucas Strikes Back
We don’t normally post about subjects outside of Australia, but this one is too good to pass up. NIMBYs everywhere, be warned! Ripped from the Daily What: Star Wars creator George Lucas has been trying for years to convert a large parcel of land in Marin County, California into a 300,000 square foot movie studio, with amenities including a day care center, restaurants, a gym and a parking...
Glenquarry 200ac Wants to Reset the Market
The Southern Highlands has long been the desired country getaway for (Eastern Suburbs-based) Sydneysiders. And, outside of isolated pockets around Sutton Forest, there is no more desirable stretch of Southern Highlands land than that fantastic stretch from eastern Mittagong to Robertson along Tourist, Range, and Kangaloon Roads. This “miracle (several) mile(s)” (see above map) has...
Woollahra Mansion 'Orama' Sells Off-Market for...
Remember Mandolong House, one of the Radical Terrace’s favourites spreads in Mosman that sold for $18m earlier this year? Well, Margie Blok is reporting (and we’re hoping she’s not just jumping the gun on us again) that Jersey Road’s ‘Orama’ has sold to the Roberts-Thompson family that decamped from Mandolong House after they enlisted Smart Design Studios in a...
Newcastle, Australia: World Capital of Tree Drama →
Just the usual tree-hating residents of Stockton doing anything to protect their sacred views.
UPDATE: Vaucluse Waterfront [DOES NOT] go for $18m
Margie Blok at SMH apparently jumped the gun reporting the $18m sale of ‘Green Gables’ located on the coveted stretch of Coolong Road, just past Neilson Park, and a few doors down from the one-time Sydney price record holder 23-25 Coolong Rd, which sold for $45m (or $47m?) a few years back. 29 Coolong Road is a definite fixer-upper, but sits on an impressive chunk of land totalling...
Tales from Turramurra: Ku-Ring-Gai Ave
Back to the Polo Belt, The Radical Terrace goes. This time, to the iconic and prestigious Ku-Ring-Gai Avenue. As our readers may now realize, this blog is most interested in the real estate evolution of a given suburb, street, or precinct and its associated sociological implications. And studying the rise (and the fall?) of the Upper North Shore is one of the finest examples of the shifting...
Paddington's Elizabeth St Sell-Off
Three properties on Elizabeth St between Underwood and Paddington Streets are currently on the market. This stretch of Elizabeth St sits nicely in what has consistently been a top-performing pocket of Paddington. However, with the slump of Paddington’s Oxford Street and the exodus of upscale retailers from Elizabeth St between Oxford and Underwood Streets, does that make a residential...
Sydney Architecture Walks →
Sydney Architecture Walks, part of the greater “Guiding Architects Network” has launched in Sydney. Offering several different tour options and beginning at $25, the tours take guests through some of the most prominent landmarks in the City. We like it. Definitely radical.