Shepherd saw it himself when he attended a Village Well workshop for landlords as part of its consultation process with Woollahra Council, as he watched the mood shift from jaded despondence to optimism.
One onlooker puts it: "Double Bay has sucked Woollahra Council dry." Onisforou's solution, and the landlord is not one to take prisoners, is for Woollahra to cede its portion of the strip to the City of Sydney.This played into the hands of the local madams.Though not without criticisms, the City of Sydney has made highly visible attempts to aestheticise its Oxford Street with hanging plants, flagpoles and fountains; Waverley, with its weekday market and street art installations and seating areas, the same.Apartments are going up at a rate of knots, servicing a hungry, young, mobilised workforce.Oxford Street landlords were left in the cold - and holding out for the same sky-high rents they had come to expect.In the area immediately surrounding Jersey Road, it is as much as 65 per cent.the point may be moot: The Revitalising Local Government review suggests merging Botany Bay, Randwick, Sydney, Waverley and Woollahra councils.
If youre sitting in Potts Point restaurant Yellow, youre in Yellow House, a socially and historically significant hub of art and culture.Part of it is that housing has become so expensive."In late 2007, the rent was about to go up again recalls Cooke.Artist Brett Whiteley also left some historic handwriting on the walls of his nearby Surry Hills studio from the 1980s.Stakeholders speak about non-existent street cleaning, the lack of public toilets, hygiene problems that have arisen from the loss of the Eddie Dixon Centre drop-in homeless shelter (a sad byproduct of the non-profit Paddington Markets' barely justifiable stall prostitutes in bicester rates, which funded the shelter).
She says her rent increased to 50,000 in 1999 and then to 70,000 in 2005.
One convenience store in Bondi Junction pays 11,337.50 a month, while no more than 300 metres away, a similarly sized, newly arrived guitar shop pays less than half that.
By the time Cooke was packing up, the bubble had burst.