Sydney's southern CBD has proven to be popular in the past two decades for those who want to live in the heart of Australia's largest city and there hundreds if not thousands more apartments on the way.
One article that may be of interest is from 1965, when The Daily Telegraph tried to ask the question of whether or not unit development might revive the southern part of the city but also help bring activity to the financial heart of the city.
At that time, it was deemed unsafe for women to walk those streets at night and the buildings were "bad". It also mentioned the large landholdings that the State and Federal Governments had, which might be used to revitalise the area.
During the mid 1960's there were a number of unit projects that sought to begin the process like the Park Regis Towers, but it was not until the 1980's and 1990's that a major attempt took place to encourage apartment living in the city.
And we move forward to the present, and it seems like everyone wants to live downtown. Many want to escape the long commutes from the suburbs, be in easy reach of the city's attractions, services and be close to work.
Source: Anonymous. 1965. "Flats could save Sydney's dying uptown". The Daily Telegraph, April 2, 26-27.
As for the future, the only way is up and possible developments like this one I found on the Skyscrapercity forums this week could be the benchmark in bringing the area to life.