Why the value proposition of Marrickville's Wick Place apartments will be hard to repeat
Marrickville has undergone a remarkable transformation, evolving from an industrial area into a vibrant and sought-after neighborhood.
The repurposing of old industrial buildings into breweries, cafes, restaurants, and creative spaces has turned it into one of Sydney's most exciting areas. However, despite rezoning efforts aimed at increasing apartment development, the expected boom in new housing has not yet materialized.
One developer that capitalized on this opportunity was TOGA, which, in 2019, partnered with major landowner Danias Timber to develop Wicks Place — a project consisting of 272 apartments integrated with retail spaces and a new laneway that connects directly to Wicks Park.
In today’s market, delivering one-bedroom apartments has become a significant challenge. The cost of construction has escalated dramatically, particularly since the pandemic, making it increasingly difficult to replicate the value proposition that Wicks Place represents. As a result, the remaining apartments in the development are likely to be among the most affordable new apartments available in Marrickville.
Designed by Turner Studio with interiors by renowned designer Richards Stanisich, Wicks Place is a carefully curated space. The apartments feature floor-to-ceiling windows that maximize natural light, while offering views of the surrounding parks. Kitchens are equipped with integrated Fisher & Paykel appliances and the natural stone island benches.
Since TOGA began developing Wicks Place, Marrickville has undergone significant change. Key projects like the 2021 expansion of the Marrickville Metro shopping centre and the upcoming Sydney Metro Marrickville connection — set to open in 2026 — have only increased the area's desirability. The gentrification of the suburb has helped it earn a spot on TimeOut's list of the top 10 coolest neighborhoods in Australia, and even ranked 10th globally.
In addition to these developments, late last year TOGA announced that Harris Farm would become an anchor tenant at Wicks Place. Paul Shaw, TOGA’s Executive General Manager of Development, emphasized how this addition will benefit both the residents and the broader Marrickville community.
“A home is about much more than just a place to live. It’s about creating an environment where people can enjoy access to their everyday needs,” Shaw explained. “We believe the addition of Harris Farm will be a welcome complement to the dynamic and thriving urban precinct we’re creating at Wicks Place.”
With just a few one and two-bedroom apartments remaining at Wicks Place, the opportunity to secure a new home in this high-demand area is fast diminishing. The value proposition that Wicks Place offers — combining affordability, convenience, and lifestyle — will be difficult to replicate as Marrickville’s transformation continues.
