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Potts Point Real Estate Snapshot

  • Suburb: Potts Point
  • Postcode: 2011
  • Population:8,431
  • Municipality: City Of Sydney Council

Potts Point is named after Joseph Hyde Potts, Australia’s first bank teller of Australia's first bank, Westpac. He designed Australia’s first bank note and lived as bank manager and teller in the original bank premises in George Street. One of the bank’s Directors, Judge Wylde, after whom Wylde Street is now named, received a land grant from Governor Darling in 1822 at the northern tip of Potts Point. Most of the eastern side of Macleay Street is part of the original 1826, 54-acre Elizabeth Bay House estate and its world-famous gardens, given to NSW Colonial Secretary Alexander Macleay. Eventually, all of it would be sub-divided.

By 1831 seventeen land grants had been made on Woolloomooloo Heights, as the area was known, to a selection of the most politically and economically powerful men in the colony including judges, politicians and merchants. Their purpose was to establish a stylish area of housing distinct from The Rocks or Woolloomooloo. Legal caveats were attached to grants: all residences were to be built within three years, cost over £1,000, have ample setbacks and face Government House. Envious locals described the area as “hob-nobs ville”.

Mr Potts was also a developer, building houses in Wylde Street in the 1830s. His name then became synonymous with the area, although never living there himself.

Potts’s Point - its originally spelling - then became Australia’s first deliberately-designed suburb: an enclave for only those who could afford to live in the dress circle overlooking Sydney and its sapphire-blue harbour. Views extended to the heads in the east, to the north and over the city towards mountains in the west. Equally importantly were fresh air and sea breezes, much sought after for health reasons. A number of those magnificent marine mansions still exist such as Rockwall, Jenner, Bomerah, Tarana, Tusculum and Elizabeth Bay House.

In 1911 Kingsclere became Australia’s walk-up grand apartment block with each apartment having its own butler, heralding a new age of inner-city living for locals and visiting country land owners. And by the 1930s Potts Point was known as “flatsville” reflecting the latest living trend and Parisienne-chic; Art Déco-style apartments. Today, this collection, shared with neighbouring Elizabeth Bay, is heritage-listed. After WWII, large hotels such as the Chevron, now the Ikon apartments, dominated a continually-crowded skyline. A later urban density push in the 1980s and 90s created "sky houses" such as Pomeroy, designed for retirees wanting both large spaces and views.

London Plane trees and White Magnolia tree-lined heritage streetscapes together with over 120 individual heritage buildings still represent the highest form of fashionable urban living close to both the City and other nearby areas such as Rushcutters Bay Park, Woolloomooloo's Finger Wharf complex and Paddington.

At every stage of its history, Potts Point's has been at the forefront of the latest living trends. With the highest urban residential density in Australia this cosmopolitan residential mix enjoys a New York life-style of intimate cafes, boutique charcuteries, award-winning delicatessens and design shops, all within a compact area.

Sold Properties: POTTS POINT

Address Suburb Sold Date Bed Bath Car Sale Price
19/67 Macleay Street POTTS POINT Apr, 2014 1 1 0 $545,000 View Property
1602/73 Victoria Street POTTS POINT Apr, 2014 2 2 1 $976,000 View Property
17 Tusculum Street POTTS POINT Apr, 2014 5 3 2 $4,600,000 View Property
86 Victoria Street POTTS POINT Apr, 2014 4 2 1 $2,510,000 View Property
2/20 Macleay Street POTTS POINT Apr, 2014 2 1 0 $1,110,000 View Property
24/10a Challis Avenue POTTS POINT Apr, 2014 2 2 0 $1,411,000 View Property
20/133 Macleay Street POTTS POINT Apr, 2014 2 1 0 $618,250 View Property
7/2 Kellett Way 'The Harvard' POTTS POINT Apr, 2014 1 1 0 $420,000 View Property
1D/6 Macleay Street POTTS POINT Apr, 2014 2 1 1 $805,000 View Property
16/40a-42 Macleay Street POTTS POINT Mar, 2014 3 1 0 $1,320,000 View Property
511/50 Macleay Street POTTS POINT Mar, 2014 1 1 1 $750,000 View Property
42/17 Wylde Street POTTS POINT Mar, 2014 2 1 0 $925,000 View Property
7/22 Macleay Street POTTS POINT Mar, 2014 3 4 3 $10,950,000 View Property
71/12 Wylde Street POTTS POINT Mar, 2014 4 3 2 $4,150,000 View Property
6/40 Victoria Street POTTS POINT Mar, 2014 0 1 0 $380,000 View Property
703/50 Macleay Street POTTS POINT Feb, 2014 1 1 1 $1,175,000 View Property
306/33 Bayswater Road POTTS POINT Feb, 2014 0 1 0 $210,000 View Property
15/19 Kellett Street POTTS POINT Feb, 2014 1 1 0 $475,300 View Property
29 Challis Avenue POTTS POINT Feb, 2014 5 1 2 $5,250,000 View Property
2/22 Wylde Street POTTS POINT Feb, 2014 2 2 2 $2,050,000 View Property

Leased Properties: POTTS POINT

Address Suburb Leased Date Bed Bath Car Lease Price
4/2 McDonald Street POTTS POINT Mar, 2014 1 1 0 $350 pw View Property
PENTHOUSE/14 Kings Cross Road POTTS POINT Feb, 2014 3 3 2 $3,000 pw View Property
23/2-14 Bayswater Road POTTS POINT Sep, 2013 0 1 0 $340 pw View Property
18/7 St Neot Ave POTTS POINT Aug, 2013 1 1 0 $330 pw View Property
19/10 Challis Avenue POTTS POINT Aug, 2013 0 1 0 $340 pw View Property
3/197 Victoria Street POTTS POINT Aug, 2013 0 1 0 $250 pw View Property
207/12 Macleay Street POTTS POINT Aug, 2013 1 1 0 $680 pw View Property
43/1 McDonald Street POTTS POINT Jul, 2013 1 1 1 $500 pw View Property
606/12 Macleay Street POTTS POINT Jul, 2013 2 1 1 $975 pw View Property
3/12-16 Challis Ave POTTS POINT Jul, 2013 1 1 0 $650 pw View Property
79/1 McDonald Street POTTS POINT Jul, 2013 0 1 1 $395 pw View Property
22/8 Wylde Street POTTS POINT Jun, 2013 0 1 0 $320 pw View Property
13/7 St Neot Avenue POTTS POINT Jun, 2013 0 1 0 $330 pw View Property
15/2 Crick Avenue POTTS POINT Jun, 2013 0 1 0 $425 pw View Property
201/1A Tusculum Street POTTS POINT Jun, 2013 2 2 1 $910 pw View Property
7/10 Orwell Street POTTS POINT May, 2013 0 1 0 $330 pw View Property
23/16 Macleay Street POTTS POINT May, 2013 1 1 0 $500 pw View Property
1308/81 Macleay Street POTTS POINT May, 2013 2 2 2 $2,500 pw View Property
107/28 Macleay Street POTTS POINT Apr, 2013 0 1 0 $450 pw View Property
8/16 St Neot Avenue POTTS POINT Apr, 2013 1 1 0 $450 pw View Property