90 Crown Street, Wollongong expected to sell for more than $50 million

Two years after it set a commercial property record, a landmark Wollongong site is now expected to fetch more than $50 million.

What you need to know about selling a property with tenants.

What you need to know about selling a property with tenants.

Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for you in terms of the highest possible sale price, but continuing to receive rental income right up until the property sells can make a huge difference to your bottom line and ensure that you stay on top of investment loan repayments. It’s also appealing to potential investors if a property already has tenants in it.

Northern Suburbs Commercial Centres Lead the Way

Northern Suburbs Commercial Centres Lead the Way

The nine suburban central business districts in the Northern Suburbs of the Illawarra are continuing to show the benefits of increased tourist visitation and a sustained residential population growth. Evidence of these thirving conditions is the sale made by MMJ Wollongong of 43-45 Princes Highway, Fairy Meadow. This transacted prior to auction, to an established local investor at a record yield of 4.2% net.