The PROPERTY DOCTORS, Sydney Australia Novak Properties
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The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1282 WHY DOES SYDNEY NEED A NEW $750 MILLION FISH MARKET?
Ever wondered how a bustling market can shape the cultural and economic landscape of a city? Join us as we uncover the remarkable transformation of the Sydney Fish Market, a beloved landmark since 1966. One of our hosts recounts their weekend adventure at the market, capturing the essence of its chaotic yet endearing atmosphere. From indulging in exquisite seafood dishes like scallops in cheesy sauce and mouth-watering lobster rolls to the vibrant market vibe, this episode reveals why the Sydney Fish Market is an unmissable experience for locals and tourists alike.
But it’s not just about the food. We delve into the massive $750 million investment (potentially reaching a billion) by the government to create a new state-of-the-art facility. This monumental upgrade is set to elevate the market’s capacity and could significantly impact property prices in the surrounding area. We also speculate on the fate of the old market site, envisioning a future with lucrative waterfront apartments. Tune in to discover how this ambitious project is poised to redefine Sydney’s urban landscape, both culturally and economically.
The brand new billion dollar fish markets for Sydney. They say Sydney fish market is not just a commercial hub but it's a cultural and social landmark for the city. Stay tuned we're going to talk about the new fish markets and what it's going to do to Sydney property prices.
Speaker 2:Good morning. How are you? I'm good. I witnessed firsthand the effects on the weekend of the Sydney Fish Market you went, so the Northern Beaches boy jumped on a beeline bus or drove in.
Speaker 2:Yeah, beeline bus, a sharp walk through the city, and it was really really really good fun. If you haven't been, we took one friend who had never been before. Um, the other friend had been. If you haven't, um, you're taking someone in the family or a friend, you'll, they'll love it. You'll love it. It's great. It's a really good day out. Whoa, yeah, what'd you eat? Fish a lot of it.
Speaker 2:We had um scallops in in a, in a shell that I've never seen before, with a cheesy sauce. It does have a proper name. I forgot what it was called. Uh, a lobster roll, the best sushi, a favorite. I thought sushi was very, very, um, you know, very underrated, very, very, you know, very underrated, but it was good.
Speaker 1:Wow, Wow, and I guess guys and girls who are watching like this is something. It sort of stuff happens under our nose with infrastructure and improvements across Sydney and I find that sometimes it just misses people, it just misses me and I just don't know about it. Until the end I'm like, hey, what did anyone tell me about this? But you're out there Now I've got to say it's probably my favorite thing to do in Sydney CBD to get up on a Sunday and go for a big walk around there, suss it out with friends, have a nice meal. It's a nice, honest, know there's.
Speaker 2:It's a nice, honest, fun, cool thing to do and I'll tell you what that makes it a bit different to every other dining experience. It sounds, it sounds a bit fancy going to the fish market, but you get there and it's chaos. It's organized chaos which makes the whole, you know, event so much more fun. Um, this, this place, has been in operation since 1966, so I guess it's, you know, getting near you know, 50, 60 years old. And yeah, let's say that the um, the dining space is pretty, pretty original. It consists of a few park benches with seagulls absolutely everywhere, but it's really got that sort of market feel to it which you know it's hard to find now the new fella is probably from the skies looking about three times bigger than the old fella.
Speaker 1:Um, I think it's genius to double down on infrastructure like this that works not only as an operating and servicing as a fish market, but it's, it's, it really is a hub for our everyone in in the catchment of Sydney that people just love to go to. I think it's clever that a government like it's, it's it's cost us 750 million dollars, um, to build a new one and you know, probably, like any infrastructure, it'll blow out to you know an extra 25 on top. Yeah, a billion, you know a billion dollars. Why would a government spend that much on?
Speaker 2:fish. It does seem crazy. Can I show you what they're actually doing? Just quickly, Just quickly. This is what we were looking at on the weekend. That's all the peas going into the slab. Yeah, so you can watch this happen right under the Wow. That's massive.
Speaker 1:Yeah, it's reconnecting On the foreground just sitting next to you this thing is going to be like 50 times bigger than the existing one. It's massive, unbelievable, unbelievable. Now what's clever about this sort of stuff that I love, um is they'll build this sort of new infrastructure and they'll sometimes rezone and sell out the old infrastructure. So I've got a hunch feeling, or I saw from memory, that they'll tender that old, probably that old facility out. If you're doing residential in that old facility waterfront apartments they're going to make back a lot more than half a billion or a billion dollars just for the land sale. So I guess it's a nice piecemeal where you can sort of cut that off. The old fella built a brand new fella. The community enjoys it Pretty clever move.
Speaker 2:And don't get me wrong, we need a new fish market. The appetite is there. Was it full? Yeah, you touched on the tourist attraction side of things there were buses turning up, with people jumping up and coming out to look.
Speaker 2:There was a little souvenir shop alongside, you know, alongside the best restaurant in the place. It was full, but not full for Sydney fish market standards. You know, if you turn up on a Christmas day, good luck to you getting through the crowd. At least we could all get a seat. It was really, really. Yeah, it was bustling. It was good to see there was energy in the city on a Sunday afternoon.
Speaker 1:Now, just before we go, I want people to think about this because it does tie back to the elements of being a great city, trying to be a great city. But you've got to keep testing yourself and pushing yourself as a city. You can't sit on your laurels and just say we're Sydney because we're Sydney and we're good because we're Sydney. You have to keep pushing. This is part of the motivation features. So the modern I did a bit, got some notes here modernisation and upgrades like the fellow was old, like you were saying it is actually this sort of infrastructure is proven as an economic boost. So it creates more jobs, not only from the building side of things, but sustainably in the future. You know, for the operators that go in there. You know it becomes a global attraction.
Speaker 1:So if you think about, you know, sydney Opera House and the Harbour Bridge, what effect they've had as a global attraction for our city it's doing, you know, stuff like that which is cool, improved public spaces, so we get to enjoy it all. Sustainability well, the world's changed. So energy efficiency, the best use practices of what you, you know these two, three, a lot of a lot of stuff in the water. You know, now it's got to go through filtration systems. That's the law. Accessibility Accessibility, I think, is another one with transport links, you know, for people with cycling infrastructure, wheelchair friendly, all that sort of stuff. So there's some pretty big benefits there for a city and I think it's just another notch in Sydney's belt to, you know, to keep pushing and trying to be a better city, you know to keep pushing and trying to be a better city, spot on.
Speaker 2:I reckon it's money well spent. It's needed. It'd be more expensive, I'm sure, to try and upgrade the existing site. A lot of history there. I just hope they take that through with it. It's really cool to see some of the old businesses two or three in particular. Big names have been there since they opened.
Speaker 1:Really really cool. Yeah, look, I know there was some infrastructure buildings around that site. It's actually quite a big site and I distinctly remember some of those families, like with the fruit market. A lot of those families have invested in buildings around it. A lot of those families have invested in buildings around it and you know it's just going. It's one of those things that I think you can't fail being on the water, being that close to the city there. But, billy, how does that affect property prices on the northern beaches?
Speaker 2:Well, you know, I think across Polona it's just being close. You know people might want to be there for work, not live there. It's all. As you said, just another feather to the boat. It's just such a good day out on the doorstep, you know people will love that. Come to the area, live there, stay. It's just good. It's like the Olympics, it's all infrastructure.
Speaker 1:It's all there and for me, it's like one thing I learned from COVID is it's about experiences and who you're sharing it with, and I found that you know, with COVID, it didn't you know, it didn't people? As long as it didn't matter if people were locked down in their homes in a city, in a suburb, in a city, in a country, what people then sought when they were locked down was positive experiences, something fun to do and sharing it with people, sharing with people that they love. So for me personally, I think this sort of infrastructure is something where you're going there with people that mean something to you and you're having a great experience. The old one that I go to, I feel that, the old Sydney if you just tuned in, we're talking about the Sydney fish markets the old one that I go to, I feel that, and it's just very cool all the time. So good on you, sydney City, for doing it and jump on the bus, drive in.
Speaker 2:There is parking if you want to drive and go check it out.
Speaker 1:How long did it take to walk from Wynyard Station down there?
Speaker 2:If you want to do it as quick as possible, I reckon you'll get there in 25 minutes and you can go about walking out as long as sort of an hour and a half, just depends where you want to do. You almost got to go back to go forward. If you do the long route, the full one, or you can cut straight through, you'll be there in no time or dead level walk.
Speaker 1:You can get an e-bike and go along the foreshore yeah, you can hire your bike, hire those green e-bikes.
Speaker 2:Yep, it's all there, you can hire those green e-bikes. Yep, it's all there.
Speaker 1:There you go, guys. Another thing for Sydney Property and Prices. Billy, have a great day. Everyone have a great week. Thanks for watching. See you, bye-bye, bye-bye.