WOLLONGONG REAL ESTATE
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 know for heavy industry 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. Some of my clients are hoping to secure investment units near the uni or are looking further afield from Sydney to capitalise on the affordable coastal property options. Many baby boomers thinking of retirement also consider this region as it is close to Sydney but with less hussle and bussle plus it is 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 buying property just got harder. Sellers and their agents are savvy, they want top dollar (or more) and competition for the best properties, or the best deals is difficult.
Traffic is increasing, resulting in longer travel times around the Wollongong suburbs, and especially along Crown St and the CBD. Busy school & work schedules, plus Saturday sport and modern life has families busier than ever. How do you find the time to do genuine research and locate that perfect property?
Precium can help. Precium is the original and most trusted Wollongong Buyer’s Agent. Whether it is for on ocean view beach home on the hill in Woonona or an affordable investment in Barrack Heights there are plenty of options.
Simply click the “REQUEST A CALL” button below for a chat.
We created Precium because we believe nobody should ever get ripped off when buying real estate. We work exclusively for buyers to find their ideal Wollongong property, whether that is a family home, an investment, a holiday home or development site.
We created a way to help make researching, finding & buying properties safer, faster, easier for sensible people who already have a life to live and don’t want to lose years making mistakes along the learning curve.
Leverage our experience, our research and our networks. Get better results.
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 is the Warilla, Dapto and Shellharbour regions.
Also check out the Regional Action Plan for the area to see how much potential the area really has.
If you want to start thinking about buying real estate in the Wollongong area then download our 14 Step “Property Buyer’s Cheatsheet” below: