| Australia is looking to profit from a growing tourism market coming out of Asia - a movement that may encourage property investment in Sydney. |
| Green Square in Sydney will be home to a new low-carbon trigeneration electricity network. |
| The Reserve Bank of Australia has lowered the interest rate in a move that may support property investment areas across the nation. |
| Australia stands out to the International Monetary Fund as a top economic performer among advanced nations. |
| Recent unemployment levels reported for Australia reveal opportunities in the nation's property market. |
| The trigeneration network is a step towards reducing Sydney's carbon footprint and will likely reduce costs for residents - a development that may support property investment in the area. |
| Sydney is planning for rapid expansion with smart and sustainable strategies. |
| Market conditions highlight Sydney as a great choice to invest in property. |
More revamped landmarks in Sydney |
| Monday, 23 January 2012 | |
![]() Sydney's rich heritage and unique historical landmarks make it a great destination for visitors and boos the city's residential appeal. One such landmark is the heritage-listed El Alamein Fountain, which commemorates the historic Egyptian battle in WWII and was first unveiled in the early 1960s. The fountain, according to City of Sydney lord mayor Clover Moore, is one of the hallmarks of the Kings Cross and Potts Point communities, which is why extensive repairs will be carried out on the landmark over the coming weeks. Action, said Moore, needed to be taken immediately so that the fountain can be enjoyed by Sydneysiders and visitors to the city for generations to come. "We will undertake essential water-proofing and install new water filters and a new sanitation pump while we restore the stonework, mosaic tiles and the metal wands to their original condition," she explained, adding that restorations will be carried out with minimal disruptions to local residents and businesses. Much of the work is being carried out offsite, meaning members of the public will still be able to enjoy full access to Fitzroy Gardens until the restoration efforts are completed later this year. Restoring the El Alamein Fountain is one of many improvements undertaken to some of the NSW capital's most famous landmarks and laneways in recent months - moves which could boost the city's appeal to investors. Anyone planning a Sydney property investment may want to keep recent and scheduled improvements in mind as these could potentially increase the appeal of property in inner-city areas. Just in time for Chinese New Year celebrations, Kimber Lane, Factory Street and Little Hay Street have just re-opened after six months of extensive upgrades, which include wider pedestrian laneways, public art installations, street furniture and brighter lights for night users. Speed limits have been lowered, enabling better shared spaces for cars and pedestrians along Kimber Lane and Factory Street. Now, a new garden space is being proposed for Thomas Street when part of the laneway is closed to traffic in the coming months. Moore has pledged that such improvements will contribute to Sydney's reputation as a city that caters to visitors, residents and local businesses. She said: "That includes pedestrian-friendly streets, new spaces for public art, markets and outdoor dining, and better walking and cycling links to surrounding areas." Posted by Grace Neale |
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