1998: Newington is unveiled

In 1998, the suburb of Newington was launched by NSW Premier Bob Carr. The suburb was built to act as the Olympic Village as part of Sydney hosting the 2000 Olympic Games and is reflected by the names given to streets within the suburb.

10 000 Olympic Athletes and officals lived in the village during the 2000 Olympic Games. Following the Olympic Games, they were converted into private housing. 

Around half of the 2000 dwellings in Newington were built prior to the Olympic Games. Around 250 dwellings were sold to the public while around 870 dwellings were used for the Olympic Games. The remaining dwellings (Around 1000) were built after the Olympic Games.

Newington was developed by Lend Lease and Mirvac. 

Currently, the suburb is home to around 5800 people (2016 Census). 

Source: Parsons, K. & Hilferty, T. 1998. "Olympic suburb unveiled". The Daily Telegraph, October 22: 3 (Final Edition).

Property Advert of the Week: Newington (1999)

Yes, I have posted one advertisement promoting apartments for sale at Newington, but this one from 1999 is nice to post as well.





Source: Mirvac Group & Lend Lease. 1999. "Blue chip" (Advertisement). The Sydney Morning Herald, June 5:22 (Real Estate Liftout).

Property Advert of the Week: Apartments for sale at Newington (2000)

Back in 2000, an apartment at Newington could cost you as little as $325 000. The marketing slogan was "There'll be no draggin you off the balcony". Since 2000, the price of units has doubled with realestate.com.au reporting that the average unit sells for $680 000. Maybe you'll have to drag them off the balcony if you want really a unit.

 

Source: Mirvac. 2000. "There'll be no draggin you off the balcony" (Advertisement). The Sydney Morning Herald, June 10: 21A (Domain Liftout).