From: Rich Harvey
Ersky is certainly one of the potential growth areas for Sydney - Close to CBD but not in the CBD, close to trendy Newtown and cafe society and near lots of new development around Zetland. Perhaps the major influx of units around Zetland thanks to Meriton may depress prices or at least increase competition for rentals in nearby suburbs. However, Paddington has more of a history and name and culture than Ersky does at present (not to say that this will not develop over time).
My two cents worth