The building design, colours and materials used, landscaped gardens and the water foreshores at Waterfront apartments in Homebush Bay is inspired by a lifestyle that is typically Mediterranean. The names of each building block such as Palermo and Valencia is also reflective of the mood of a sundrenched holiday resort by the Mediterranean sea.
The Waterfront will eventually be gazetted as a new suburb in this Sydney inner west location which is approximately 17km from the CBD. This suburb is relatively quiet with a village feel because it is tucked away to one corner of Homebush Bay. The calm and serene water foreshore atmosphere is perhaps is most attractive feature of living in this suburb. Other than that, there are a host of reasons why apartment prices at this suburb has not taken off despite it being almost a decade old where the older apartments were constructed during the time of the Sydney Olympics in 2000. Prices of newer apartments in its neighbouring suburb of Rhodes, which is a much newer suburb, is well and truly higher than those at the Waterfront development and Homebush Bay in general.
Drawbacks on living at the Waterfront development:
- Although the suburb is serviced by local community buses, public transport may be an issue due to its location at Hills road / Bennelong Pkway. The ferry wharf is approximately 1km from the development whilst the Olympic Park train station is too far a walking distance by any measure.
- Traffic and access to the development via Australia Drive can be very congested during peak hours. Worse still, you are better off delaying your trip home during these hours if there is an event or a football game at nearby ANZ stadium in Olympic Park.
- Although serviced by a few local shops, cafes and restaurants, this suburb lacks the array of amenities to cater for local residents.
The median unit price in Homebush Bay as at June 2009 was $470,000.