Woolloomooloo is a harbourside suburb 1.5 kilometres east of the CBD. The Domain is to the west and Kings Cross to the south east. It is named after the first homestead in the area, Woolloomooloo House, which was built by the first landowner John Palmer.
Historically a poor working class district of Sydney, the area has changed with the redevelopment of the waterfront and the housing development on Finger Wharf, where you can now find a string of trendy new hotels on the old wharves and many exclusive residences.
The Finger Wharf building, according to the Guinness Book of World Records, is the largest wooden structure in the world. It is 400 metres long and 63m wide and stands on 3,600 piles. The actor, Russell Crowe, lives in a $14 million penthouse on this wharf.