Potts Point has long been popular with the wealthy and well to do, and indeed this was true even of the first Europeans to colonise the area. Potts Point was not however always known by the name we recognise today. Originally, the area was known as Woolloomooloo Hill and the suburb sits on a ridge immediately east of Woollomooloo which, presumably, explains the name. Originally, the Potts Point area was part of two large parcels of land granted to well known Sydney colonists, Judge Wylde and Alexander Macleay. Then, self made man Joseph Hyde Potts purchased a harbour side section of the land and renamed his new property in honour of himself – Potts Point was born.
In the 19th century the two main land grants were further divided and many grand houses and even mansions were built along the ridge line. In fact, the land was given to the most powerful men in the colony on the proviso that they establish grand and elaborate residences. This was the first deliberately designed suburb, known colloquially by other locals as Hob Nobs Ville. Many of these early mansions survive today and are recognised as important parts of Sydney’s history, listed on the Register of the National Estate.
It wasn’t only early architecture which made history in Potts Point though – the suburb is also the site of some of the earliest blocks of flats to be built in Australia. The earliest of these was built in the earliest part of the 20th century, but most date from between the 1920s and the Second World War. Today the suburb has the highest concentration of beautiful Art Deco buildings in the whole of Australia, many of them apartments!