Big things are happening in Coogee: What the InterContinental and Rick Stein mean for the suburb and & the local property market.

Coogee is undergoing a major transformation that’s set to redefine its place on Sydney’s coastal map. The rebranding of the Crowne Plaza into the InterContinental Sydney Coogee Beach, along with the opening of Rick Stein at the hotel is more than a luxury upgrade. It’s a sign that global confidence is being placed in our local economy and lifestyle.

A World-Class Hotel in a Beachside Suburb

The InterContinental brand is one of the most respected in the hospitality world. Having it right here in Coogee will:

* Boost domestic and international tourism.
* Create local jobs in hospitality, events, and services.
* Attract major events and conferences, bringing year-round activity, not just summer crowds.
* Increase foot traffic for local cafes, bars, and boutiques.

A Culinary Destination with Rick Stein

Rick Stein’s new 224-seat restaurant—his third in Australia—will anchor Coogee’s emergence as a serious food destination. Featuring local seafood and coastal produce, this iconic venue will:

* Draw a high-spending clientele to the area.
* Provide employment and training opportunities for hospitality professionals.
* Support local producers, fisheries, and suppliers.

What This Means for Residential Property Investors

For investors, these developments mark a shift in Coogee’s long-term positioning. Traditionally a beachside residential suburb, Coogee is evolving into a premium lifestyle and tourism hub. Look out Bondi!!!

Here’s what residential property investors should consider:

* Rising rental yields: As high-quality short-term accommodation options increase, so does demand for well-located, well-maintained homes.
* Capital growth potential: Brand recognition and infrastructure improvements can enhance property values, especially for apartments near the beachfront and hospitality precincts.
* Stronger local economy: More jobs, more visitors, and more business activity are good indicators for sustainable growth in both owner-occupier and investor markets.