Arncliffe is a suburb of southern Sydney located 11km from the CBD. It is part of the St George area. It is located south of the Cooks River and the housing types there are predominantly low density types with around 63% of all dwellings being separate houses, 10% semi detached and 25% apartment stock. There are also some areas which contain commercial and light industrial property types. As the unit price of land continues to rise, we expect for the land to convert to its highest and best use. As such we expect the light industrial and commercial property types to give way to residential redevelopment. There are clear signs that this process has already begun with low density housing types giving way to higher density types in the neighbouring suburb of Wolli Creek. Rockdale City Council is committed to an urban regeneration project in the neighbouring suburb of Wolli Creek. This is expected to transform a predominately industrial precinct into a high quality, high density urban environment for living, working and recreation. When complete, the Wolli Creek Redevelopment Area will be a community of some 6500 residents and 7000 workers. This development is expected to have a positive impact on property prices in the area as well as dramatically altering the demographic profile. Typically, a re-gentrification process such as this will attract a younger population consisting of double income households without children. The occupation types of these households will typically be professional as well as administration and management.
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