It was a triumph of human spirit and athletic prowess however the 2000 Sydney Olympics additionally kickstarted a revolution in the best way we reside.
Twenty years on, the Olympic Park space and former athlete’s village have change into a blueprint for the trendy Aussie housing improvement, launching improvements extensively used at this time.
However it is usually one of many Sydney areas that’s undergone a number of the largest adjustments.
Excessive-rise flats now tower over the sporting complexes and surrounding suburbs akin to Rhodes and Wentworth Level are among the many most densely populated within the nation.
The suburb of Newington, which housed the athlete’s village, has change into a well-liked enclave.
With that reputation has come a surge in costs. The median worth of a home in Newington was $410,000 in 2000 however it has since grown to $1.34m, in line with realestate.com.au knowledge.
Mirvac basic supervisor for residential Toby Lengthy, who was concerned within the development of the village, stated these adjustments belied the monumental impression the athlete’s village had on the housing market.
“It was nicely forward of its time,” Mr Lengthy stated. “There have been a bunch of key sustainability ideas established and it set a benchmark for a way you design masterplanned communities.
“In the event you look carefully at new developments you will note a number of the identical issues they did in Newington, that very same footprint.”
The athlete’s village was thought-about one of the crucial bold Olympic development initiatives tried on the time.
The Sydney Olympic Park Authority signed a $590m contract with a consortium of banks and builders, together with Mirvac, in 1997.
The contract, a part of $3 billion of development and capital works for the video games, was to plan, design, finance and construct housing for 15,300 opponents and group officers.
Newington was chosen as the location due to its proximity to the sporting amenities and ample land accessible – the world was beforehand used as an armoury and featured open plains and bunkers.
The homes, townhouses and models constructed by the consortium for the video games have been offered as non-public properties after the Paralympics.
There have been additionally module properties that have been dismantled and offered off to personal consumers – lots of which at the moment are vacation properties in areas scattered up and down the NSW coast.
Mr Lengthy stated it was one of many uncommon cases all over the world of an Olympic mission not changing into a “white elephant”.
“It’s transitioned nicely from an Olympics website to a neighbourhood,” he stated. “The expansion has been fairly phenomenal and folks have developed an affinity for the placement.”
A part of the success was the mix of easy accessibility to sporting amenities, huge roads and footpaths, together with the pioneering use of solar energy and recycled water, he stated.
“Not many individuals realise there may be additionally a considerable inexperienced belt within the space now,” Mr Lengthy stated.
“In 2000 you possibly can drive to the highest of (Newington) and see all the homes however you possibly can’t now as a result of the timber have grown over that vista.”
Horwood Nolan agent Shane Sullivan has offered quite a few properties in Newington and the encompassing space and stated the world has change into a vibrant suburb.
The suburb and Olympic Park have been now on the centre of Sydney, with roughly an equal variety of individuals residing east and west of them.
He added the suburbs have been additionally between town’s three largest employment hubs in Parramatta, Macquarie Park and the Sydney CBD.
“Most of our consumers for homes truly already reside within the space. We discover as soon as they arrive right here they have an inclination to remain for good,” Mr Sullivan stated.
Olympic Park residents Marissa Li and David Armsden lately bought a unit in new improvement Pavilions and stated the Olympic legacy made the world engaging.
“We have been beforehand residing in Wolli Creek the place there may be additionally plenty of new housing however Olympic Park is significantly better designed,” Ms Li stated.
“We like that the roads are huge and there’s biking paths in every single place. I had pushed previous many occasions and at all times liked the parks … it’s a great place to wind down after work.”