Ongoing Issues
Social Impact
The Area
High density with no high rise
The Potts Point and Elizabeth Bay area is an important template for high density, low-rise neighbourhood in Sydney. The Art Deco (1930-1940) and Modernist (1960-1970) apartment blocks that fill this area contain a special reservoir of studio and one-bedroom apartments that offer affordable accommodation close to the city. They also are vital in maintaining the diversity of residents, which is one of the unique hallmarks of this precinct.
The Issue
Losing housing stock & diversity
Protection for 20th century buildings is either inadequate or absent. An increasing number of apartment buildings are currently under unnecessary threat of demolition, with all recent contemporary developments reducing the number of apartments and having no studios or one-bedroom apartments available for rental or purchase. This is forcing long-term resident out of the area and changing the broad demographic balance of the community.
Affordable Housing & Redevelopment
Current or proposed projects as of 1st November 2025.
A Net Loss of 101 Homes in Our Area
As of February 2024, six local developments will permanently remove 101 apartments — a significant hit to the area’s housing supply and diversity.
29 Billyard Avenue, Elizabeth Bay
- Original No. of Apartments: 32
- Projected Number of Apartments: 9
- No. of Studio & 1 Bedroom Apartments: 0
- Reduction in Apartments: 71%
- Original No. of Apartments: 30
- Projected Number of Apartments: 22
- No. of Studio & 1 Bedroom Apartments: 0
- Reduction in Apartments: 26%
- Original No. of Apartments: 12
- Projected Number of Apartments: 6
- No. of Studio & 1 Bedroom Apartments: 0
- Reduction in Apartments: 50%
- Original No. of Apartments: 80
- Projected Number of Apartments: 22
- No. of Studio & 1 Bedroom Apartments: 0
- Reduction in Apartments: 61%
- Original No. of Apartments: 20
- Projected Number of Apartments: 5
- No. of Studio & 1 Bedroom Apartments: 0
- Reduction in Apartments: 75%
Identifying the Precinct
Currently the designation and boundaries of the current ‘villages’ and ‘heritage conservation areas’ in the area do not properly reflect the reality of the Potts Point, Elizabeth Bay and Rushcutters Bay locality both topographically and communally.
About the Area
The Metro/Minerva Theatre
Metro/Minerva Theatre
Local philanthropist Gretel Packer has confirmed that the Metro/Minerva Theatre will be returned to a live theatre and will revert to its original name – the Minerva Theatre. This will be a major project in the neighbourhood, and the benefits to the community are significant.
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The new Minerva Theatre will provide a mid-size theatre desperately needed in this city.
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The theatre will reinvigorate the Potts Point/Kings Cross area as an entertainment hub and bring people into the area who will want to go to restaurants and bars.
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There will be an extraordinary boost to the economy of the area and the city, with new businesses and jobs stimulated by the presence of a live theatre in the Cross.
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The restoration of the Minerva will ensure one of the most important Art Deco cinemas in the country is retained and conserved.
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The Metro/Minerva is intimately associated with the history of entertainment in Sydney, and this important link to theatre and movies will be retained.
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The long-term goal of highlighting the Potts Point–Elizabeth Bay precinct as a national treasure because of its 20th-century Art Deco and Modernist architecture is enhanced by the retention and conservation of the only major Art Deco commercial building remaining in the area.
This is a wonderful project, and we applaud Ms Packer’s commitment to retaining the legacy of Sydney’s Art Deco architecture, promoting live theatre in Sydney, and preserving the essence of our community.
Ongoing Issues
The Chimes
Erosion of public trust: the State Government bypasses Council planning regulations to impose fast-track approval pathways for developers
The Department of Planning and Environment emailed PPPG two days before Christmas informing us that the Deputy Secretary had approved the application for the Concept Proposal for Mixed Use with Affordable Housing – 45-53 Macleay Street [the Chimes], (SSD-79316759 ). There was no facility for us to respond until late January.
PPPG need now to focus on fighting to retain the inclusion of 50% studios that is offered and, at the same time, use this information to highlight the destruction of the real “affordable housing” where our diverse demographic is living, has always lived, and which creates the rich heritage and spirit of our unique area.
Latest: In April 2026, the PPPG Committee has sent on your behalf a submission objecting to the proposed development replacing the Chimes building in Macleay Street, Potts Point. Due to the short time frame for response and the very limited dissemination of the notification there was insufficient time to involve all our supporters in making individual responses. We have been informed that the Department will accept submissions after the 30th April so if anyone wants to make an objection, please use the PPPG submission as background material.
Please read the full Determination by the Department of Planning and Environment here

Social Impact of Recent Developments
Loss of Affordable Housing
The lack of protection for 20th century building is contributing to unnecessary redevelopment in the area, with the almost complete loss of purchase or rental of affordable studio and one-bedroom apartments.
Affordable Housing & Redevelopment
Six current redevelopments will shrink 209 apartments down to just 85—an average loss of 58%. Gone are 163 studio and...
A Living Community at Risk
For over a century, this area has been a model for high-density, low-rise living. With 98% of residents in apartments and...
A Neighbourhood & a Destination
Macleay Street and its surroundings form a walkable, pet-friendly urban village. With rich architecture, local cafés, and...
Lack of Smaller Apartment Types
New developments are eliminating studios and one-bedroom units entirely. These smaller, more affordable apartments are...