SYDNEY is on the verge of a population explosion, fuelled by a boom in the construction of new apartment buildings in the inner city.

A new residential development in Redfern is set to bring at least 20 more residences to Renwick St once it has been completed.

Renwick Apartments at 71-73 Renwick St will span four levels and contain a mix of one and two-bedroom units and two-bedroom penthouses with prices starting from $595,000.

Set to launch on June 20 with CARE Residential Projects, the development is one of the many projects that are expected to be completed within the next five years in the inner-city.

media_camera The rooftop at the new Renwick apartments in Redfern.

media_camera How the Renwick interiors will look.

According to City of Sydney council, around 100 new homes are being completed in the LGA each week, resulting in a population growth of record levels.

Over the past five years, there has been an average of 1900 dwellings built each year. Within the next five years this number is expected to grow to almost 5000 per year.

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During 2017 and 2018 alone, the City of Sydney is expecting 8000 dwellings to be completed.

Lord Mayor Clover Moore said these figures were a huge vote of confidence in the City’s efforts to make Sydney an economic powerhouse.

“People are moving to the inner-city because we are creating communities with excellent quality of life,” Ms Moore said.

media_camera The Barangaroo development will see a number of towering apartment buildings.

media_camera The focus will be on luxury at Barangaroo.

More apartments are being built in the City of Sydney LGA than in any other council areas in Sydney.

It saw 2848 dwellings built between July 2014 and January 2015 while the second highest numbers were seen in Blacktown City Council with 924 dwellings built.

Around half of the dwellings completed in the City of Sydney area during this time were built in the Green Square, Central Park and Harold Park developments.

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Within the next four years, the Green Square development alone will consist of around 10,000 apartments once completed.

Central Park will feature around 2200 residential apartments and 900 student dwellings by the time it is completed. Barangaroo South will have 900 apartments and Darling Square in Darling Harbour will feature 1500 units.

media_camera The Darling Square development will be build on the site of the old Sydney Entertainment Centre.

Other smaller developments set to be built in the inner-city include The Foveaux in Surry Hills which will have 55 apartments, East Central also in Surry Hills, with 42 apartments and Pier 99 in Pyrmont which will consist of 71 apartments.

With the impending number of dwellings expected to be built within the next five years, a spike in the area’s population is also expected.

City of Sydney strategic research manager, Phil Raskall, said the City’s population was on track to hit 250,000 by 2022.

“That’s three years ahead of earlier forecasts which predicted the City would hit a quarter of a million people in 2025,” Mr Raskall said.

Ms Moore said the council was working closely with developers and business and spending $1.94 billion over the next decade to build some of the infrastructure needed to make these high density areas liveable. However she says more needs to be done.

media_camera Social researcher Mark McCrindle. media_camera Sydney Lord Mayor Clover Moore.

“The NSW Government needs a clearer plan for supporting urban renewal,” Ms Moore said.

“It must urgently increase its investment in high-growth areas like Green Square so essential infrastructure such as public transport, schools and child care keep up with growth.”

Social researcher Mark McCrindle said an entire generation is now making the shift towards inner-city living, with a lust for a creative and entrepreneurial lifestyle.

“The 20 and 30-somethings are leaving the suburbs and heading to inner-city suburbs,” Mr McCrindle said.

“They want a lifestyle close to work, a walkable lifestyle and cafe culture.”

media_camera Green Square will see a major lift in population as buildings like Ovo come online.

Mr McCrindle said more than half of housing approvals are for medium and high density developments.

“The Aussie dream has changed,” he said. “It’s not having a Hills hoist, shed and garage with two cars anymore. It’s the walkable way of life and as a result we’ve seen an increase scooters, bikes and public transport.”

He said the inner-city suburbs were now seeing more generation diversity. Where once only single people and a much older generation were living in the city, it’s now becoming more family orientated.

“We’re seeing families come in and schools that were struggling for numbers opening again,” Mr McCrindle said.

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