Sydney’s 10 Best Fine Dining Restaurants in the CBD Kanebridge News
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Sydney’s 10 Best Fine Dining Restaurants in the CBD

From fine-dining institutions to bold new openings, these are the best restaurants in Sydney’s CBD right now.

By Jeni O'Dowd
Mon, Mar 10, 2025 9:31amGrey Clock 2 min

Sydney’s dining scene is more exciting than ever, with a mix of world-class chefs, inventive menus, and breathtaking locations. Whether you’re after a multi-course tasting experience or a sleek spot for a power lunch, these 10 restaurants define the best of Sydney’s CBD.

1. Quay – Modern Australian

📍 Overseas Passenger Terminal, The Rocks
A Sydney institution, Quay continues to set the benchmark for fine dining with its innovative tasting menus, stunning harbour views, and Peter Gilmore’s signature creations, such as the White Coral dessert.

2. Oncore by Clare Smyth – Contemporary European

📍 Crown Sydney, Barangaroo
The first Australian outpost of three-Michelin-starred Clare Smyth, Oncore delivers refined yet approachable dishes with an emphasis on sustainability, all set against the backdrop of Sydney Harbour.

3. Bennelong – Modern Australian

📍 Sydney Opera House, Circular Quay
Housed in the iconic Opera House, Bennelong offers a sophisticated take on Australian cuisine. Its menu highlights the best local produce in an architecturally stunning setting.

4. Hubert – French Bistro

📍 15 Bligh Street, Sydney
A subterranean slice of Paris in the heart of the CBD, Hubert charms with candlelit tables, a lively jazz soundtrack, and decadent French classics like duck à l’orange and steak frites.

5. Aria – Modern Australian

📍 1 Macquarie Street, Circular Quay
With Matt Moran at the helm, Aria is a longtime favourite for pre-theatre dining and special occasions, serving elegant, seasonal dishes with spectacular views of the Harbour Bridge.

6. A’Mare – Italian Fine Dining

📍 Crown Sydney, Barangaroo
For old-school Italian glamour, A’Mare is the place to be. Expect tableside mozzarella service, hand-rolled pasta, and a lavish setting reminiscent of an Italian grand hotel.

7. Firedoor – Woodfire Cooking

📍 23-33 Mary Street, Surry Hills (CBD fringe)
Chef and owner Lennox Hastie’s Firedoor is a must-visit for meat lovers. Here, everything—yes, everything—is cooked over fire, from aged rib-eye steaks to ember-roasted vegetables.

8. Rockpool Bar & Grill – Classic Steakhouse

📍 66 Hunter Street, Sydney
A high-end power dining staple, Rockpool serves some of the country’s best dry-aged steaks, impeccable seafood, and a deep wine list curated for connoisseurs.

9. Kiln – Contemporary Australian

📍 Ace Hotel, 47 Wentworth Avenue, Sydney
One of Sydney’s most talked-about newer openings, Kiln blends inventive Aussie flavours with a relaxed rooftop atmosphere. It offers standout dishes like fermented potato bread and charcoal-roasted seafood.

10. Shell House Dining Room & Terrace – European-Inspired Brasserie

📍 37 Margaret Street, Sydney
With its grand heritage interiors and sun-drenched rooftop terrace, Shell House offers a polished yet lively dining experience. The menu is focused on fresh, coastal flavours.



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Australian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market. The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index. …

Borrowers cannot control the Reserve Bank, but they can control how exposed their household budget is to its next decision. The RBA meets on 29 September with inflation concerns still elevated and major-bank economists increasingly bringing forward their rate-rise calls. Fixed mortgage rates have also been moving, reducing the value of waiting for perfect certainty. …

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How to prepare a property portfolio for another rate rise
By Ruba Jaajaa
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A property portfolio can look comfortable until several small pressures arrive together: a rate increase, a vacancy, higher insurance and an unexpected repair. The correct time to model that combination is before it occurs.

Start by recalculating every loan at 0.25, 0.50 and one percentage point above its current rate. Include principal-and-interest repayments even where a loan is temporarily interest-only, because the eventual step-up may be larger than the next RBA move.

Then calculate true net rent. Deduct management, council and water charges, strata, insurance, maintenance, land tax where applicable and a vacancy allowance. A property advertised with an attractive gross yield can produce a very different result after these costs.

Third, review the portfolio’s liquidity. An offset account can reduce interest while keeping cash accessible, but investors should obtain tax advice before moving funds between loans. The distinction between investment and private debt affects deductibility, and poorly structured redraws can create lasting complexity.

Fourth, examine refinancing risk rather than just today’s rate. A highly leveraged investor may be unable to refinance on the same terms because the new lender tests total debt at a higher assessment rate. Credit-card limits, owner-occupied debt and shaded rental income can all reduce capacity.

Fifth, rank properties by resilience. Consider net yield, vacancy risk, near-term capital expenditure, tenant demand, debt attached and the cost of selling. This is not an instruction to sell the weakest performer automatically; transaction costs and tax consequences matter. It is a way to identify where pressure would emerge first.

Investors should also review fixed-rate and interest-only expiry dates. A portfolio with several facilities resetting in the same quarter carries concentration risk even when each loan appears manageable individually.

The goal is not to predict the RBA perfectly. It is to ensure that one policy decision does not force a rushed refinancing, sale or reduction in essential maintenance. A portfolio that can absorb higher rates and temporary income interruptions gives its owner time to make deliberate decisions.

Read more: What mortgage holders should do before the next RBA decision

Portfolio checklist

Stress test: Current rate plus 0.25, 0.50 and one percentage point.

Model: Net rent after every recurring cost and vacancy.

Check: Fixed-rate expiries, interest-only expiries and loan maturity.

Preserve: An accessible emergency buffer.

Review: Insurance, land tax, strata works and major maintenance.

Seek advice: Licensed credit, financial and tax advice before restructuring.

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