Breakfast Point: The Double Bay of the inner west

With its wide streets, elegant homes and lifestyle appeal, Breakfast Point likes to think of itself as the Double Bay of the inner west. This wasn’t always the case.

Aerial photographs of the riverside suburb in the 1980s show an industrial landscape dotted with gas holders, storage tanks and warehouses.

When natural gas replaced town gas in the late 1970s and ’80s, the gas works at Mortlake closed. Developer Rose Property Group bought the 52-hectare piece of land, kicking off a vast urban renewal project. The final stage, Providence, is due to be completed this year, by which time an estimated 5500 people will call Breakfast Point home.

Ashley Quinn, the principal of Point Residential, says buyers are drawn to the 1.5 kilometres of water frontage, a village green that provides a focal point for community life, buzzy cafes, a residents’ country club and picturesque streetscapes.

“It has a real Hamptons feel,” Quinn says. “The buildings are all in soft, neutral colours. There are wide streets, beautiful landscaped gardens and it’s about 300 metres to Cabarita ferry terminal, which can get you to Circular Quay or Parramatta in 30 minutes.”

The median house price in the masterplanned community rose from $1.995 million in 2015 to about $2.8 million today. Quinn says six off-the-plan homes on the point, due to settle soon, fetched between $5.8 million and $6.728 million. Apartment price growth has been more modest.

Neighbouring Mortlake is also in the midst of a residential renaissance, with the final stages of Majors Bay from developer Holdmark now selling.

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