Just south of Sydney lies Wollongong, the gateway to south coast NSW.  

The Illawarra runs down the narrow strip between the escarpment and the ocean, creating numerous smaller sub markets and a stretched out township with plenty of opportunities for being near the beach or water views. 

Historically known as a steel town – Wollongong is evolving and has a thriving population of almost 300, 000, making it the 3rd largest city in NSW. The University of Wollongong has 22,000 students and is renowned internationally. Wollongong Hospital is the regional health hub and also employs many locals. 

Some clients secure investment units near UOW – whilst others are looking further afield from Sydney to capitalise on the affordable coastal property options. Many baby boomers thinking of retirement also consider the beaches north and south of the CBD – saying it is close to Sydney but with less hussle and bussle (Thirroul anyone?)

Young Sydney families often get excited if the boss agrees to let mum or dad work from home because it is such a great place to raise kids and afford a backyard!

If you are a local looking to buy a property for yourself or to invest in Wollongong or the Illawarra region, you might have noticed it. Prices have risen in recent years. Ever wonder why?

Well here are 5 quick reasons:

1: Wollongong is awesome – it has critical mass as one of NSW top 2 regional areas along with Newcastle, and a growing population.

2: The Ocean – it’s not hard to miss, the entire city backs onto some of the best beaches in Australia.

3: The Escarpment – apart from looking amazing the cliff line does one incredible thing to Wollongong… it constrains (restricts) development. It basically forces any population growth to be reflected in prices instead of urban sprawl.

4: Proximity to Sydney – this one is a double edged sword. Plenty of people commute full or part time, and many more are in the process of leaving Sydney and relocating south for lifestyle. This is a trend that simply will not stop any time soon and it means growth will continue. It also means prices will keep rising over time. Depending on your point of view this might be a good or bad thing.

5: Gentrification – gradually the grungy steel town of the 80’s is transforming itself as a cutting edge centre for excellence in tech, health, education and service industries. The coffee is a lot better than a few yrs ago too.

Either way, these factors mean the stakes have risen and it is more important than ever to get your purchase right. Precium is the original and most trusted Wollongong Buyer’s Agent. 

Whether it is for an ocean front home in Austinmer or an affordable investment in Warilla there are plenty of options.

Whilst the suburbs are too many to mention the northern suburbs begin at Stanwell Park, down through Bulli and Thirroul, then into Woonona, Corrimal, West Wollongong, Mangerton and Keiraville, and south of town are the Warilla, Dapto and Shellharbour regions.

Morris had this to say about his Wombarra purchase: 

“Matt was incredible at helping us navigate the South coast and our first purchase. We were very time poor and he was flexible with how we communicated. He has great knowledge of the area and made things happen quickly – building inspections, introductions, viewings. The experience was better than I could have imagined.”

Alternatively you might be interested in other locations… Kiama, Gerringong, Nowra, Jervis Bay, Mollymook, Ulladulla or Batemans Bay.