New look pub scene created by lockout laws

New look pub scene created by lockout laws

Sydney pubs are moving towards unique high-quality food experiences in response to the lockout laws, according to leading real estate agency Gunning.

Gunning Principal Malcolm Gunning said there has been a cultural change following the introduction of the lockout laws in Sydney.

“Kings Cross and Darlinghurst have had their time,” Mr. Gunning said. “The lockout laws have caused a slow hemorrhage, with hospitality and food businesses seeing a huge reduction in turnover. 

“High profile quality fast food operators are experiencing a real pull back with business down as much as 25 to 30 per cent in these areas. 

“The introduction of the lockout laws has seen business opportunities significantly reduced due to the shorter trading hours. This is causing heartache for those who previously drew on the nighttime economy.

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“Business is now being spread out over a larger area which rather than curbing the alcohol related violence is acting to disseminate it. 

“The lockout laws have created small hubs of late night entertainment precincts with the Sydney CBD, Newtown, Crows Nest, Double Bay and Bondi Beach being the real beneficiaries. 

“We are seeing the rise of the gastropub and a bigger contingent of high-quality restaurants. A flow on effect could be the extension of retail trading hours in the CBD which has the potential to become like New York’s Time Square or London’s Piccadilly.

“A lean towards live music in the proposed amendments which will enable longer trading hours will see more pubs supporting local artists and we may see a resurgence in high-quality bands, which were the heart and sole of Sydney 20 to 30 years ago. 

“Plans to increase small bar numbers from 60 to 120 will also help with profitability and create jobs,” Mr. Gunning said.

 

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