Wollongong, locally known as ‘The Gong’, is the largest suburb in in the Illawarra Region, about 80 kilometres south of Sydney. Famous for its laid-back beachside setting, Wollongong has a distinct sense of community where locals are united through sporting teams and their love for the beach and serene escarpment!

 

MARKET INSIGHTS

Wollongong & Illawarra Illawarra & South Coast	2500 NSW	18450 Population

 

$896,000 Average House Sale Price 12 months prior	$705,000 Average Unit Sale Price 12 months prior
$640 PW Average House Rent Price July 2023	$520 PW Average Unit Rent Price July 2023
3.71% Implied Gross Rental Yield July 2023	3.84% Implied Gross Rental Yield July 2023
2.29% Compound House Growth Rate  Over 5 Years	2.44% Compound Unit Growth Rate Over 5 Years
548 No. of Properties Sold 12 months prior