oo ▁was ▁originally ▁a ▁working - class ▁district ▁of ▁Sydney ▁and ▁has ▁only ▁recently ▁changed ▁with ▁gent r ification ▁of ▁the ▁inner ▁city ▁areas ▁of ▁Sydney . ▁The ▁re development ▁of ▁the ▁water front , ▁particularly ▁the ▁construction ▁of ▁the ▁housing ▁development ▁on ▁the ▁F inger ▁Wh arf , ▁has ▁caused ▁major ▁change . ▁Are as ▁of ▁public ▁housing ▁( H ous ing ▁NS W ▁a . k . a . ▁" H ous ing ▁Commission ") ▁still ▁exist ▁in ▁the ▁sub urb . ▁ ▁History ▁ ▁Ab original ▁culture ▁The ▁current ▁sp elling ▁of ▁W ool lo om ool oo ▁is ▁derived ▁from ▁the ▁name ▁of ▁the ▁first ▁hom est ead ▁in ▁the ▁area , ▁Wol lo om ool oo ▁House , ▁built ▁by ▁the ▁first ▁land owner ▁John ▁Pal mer . ▁There ▁is ▁debate ▁as ▁to ▁how ▁Pal mer ▁came ▁up ▁with ▁the ▁name ▁with ▁different ▁Ab original ▁words ▁being ▁suggested . ▁Anth rop ologist ▁J . D . ▁Mc Car thy ▁wrote ▁in ▁' NS W ▁Ab original ▁Places ▁Names ', ▁in ▁ 1 9 4 6 , ▁that ▁W ool lo om ool oo ▁could ▁be ▁derived ▁from ▁either ▁Wall am ul lah , ▁meaning ▁place ▁of ▁plenty ▁or ▁Wall ab ah mul lah , ▁meaning ▁a ▁young ▁black ▁k ang ar oo . ▁ ▁In ▁ 1 8 5 2 , ▁the ▁trav eller ▁Col . ▁G . C . ▁M und y ▁wrote ▁that ▁the ▁name ▁came ▁from ▁W ala - m ala , ▁meaning ▁an ▁Ab