Heritage North Wollongong will be the newest address in the sought-after suburb just north of the heart of Wollongong, the epicentre of activity in the Illawarra Region.
Off market sales became popular when Sydney’s property market was white hot.
Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.
That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.