Wollongong continues to grow in its appeal to property investors and home buyers alike. Located in the stunning Illawarra region south of Sydney, Wollongong's population shows no sign of slowing down. But it's not too late to hire Wollongong home builders to design your next investment property or rental home.
There are a multitude of reasons why Wollongong is considered a top suburb for property investors. Wollongong (known affectionately as 'The Gong') offers a wealth of opportunity for people in every stage of life. Today, we'll look at why people are flocking to Wollongong, making it the perfect NSW city to build your next investment property.
If you're looking for a smart place to build your next investment property, Wollongong offers a lot.
Savvy investors can expect growth and a positive rental yield from their Wollongong portfolios. You'll benefit from all the hallmarks of an intelligent investment: coastal lifestyle, an energetic local economy, strong employment rates, and developing infrastructure.
The median rent in Wollongong is around $600 per week, increasing steadily since 2016, placing homeowners in a strong marketplace position.
Living close to New South Wales' capital city has many perks. From an easy commute to exciting nightlife to explore. Sydney is one of the best cities in the world, with opportunities at every corner, and Wollongong locals are only 1.5 hours away from this Australian coastal city.
With trains and highways running from Wollongong straight into the heart of the Sydney CBD, you will never be far away from a swanky restaurant or an important day in the office.
Nothing beats beach living. Wollongong locals enjoy the many recreational activities that its long stretch of beaches has to offer.
For example, the Wollongong suburb, Woonona, is located right next to the seaside with a patrolled beach and a 50-metre saltwater swimming pool thrown in for good measure.
Some of the best Wollongong beaches include:
Young families will especially enjoy living in North Wollongong where they can grab a coffee, stroll along the Blue Mile, and take their children to ocean side Continental Pool.
Wollongong is bursting with employment opportunities at restaurants, retail stores, public spaces, and schools. All of which provide regular and steady employment.
A popular choice for small business owners, the fringe of the CBD combined with a captive local market can offer a nurturing place to launch and maintain businesses of all shapes and sizes.
In addition to Wollongong's local employment opportunities, the city is less than 1.5 hours away if you choose to commute.
Wollongong is a popular tourist destination that locals can take advantage of on the weekends and school holidays. There is something for everyone to enjoy. Hang glide at Bald Hill, visit the Nan Tien Temple, go wild at the Jamberoo Action Park, or take a drive over the Sea Cliff Bridge.
With the excitement of the city just a day trip away and in your local area, your weekends will never be dull.
If you're looking for a parcel of land to build a family friendly home, look no further than Wollongong. The Gong has an array of public and private schools plus, an abundance of support for local kids with NDIS funding. Wollongong is truly an incredibly family friendly place.
Families and residents enjoy local markets, accessible public transport options and friendly neighbours. Spend your weekends walking the dog through the expansive bushland or relaxing on Bulli Beach as your kids splash in the waves.
The University of Wollongong attracts students from far and wide for its array of career pathways and strong learning environment.
The high educational standards combined with small-town feel and natural surroundings allow students to thrive and reach their career goals.
Quality education is another reason more people are weighing the decision to move to Wollongong. Because the uni attracts so many new students to the area, there will always be a demand for housing options. Thus, your investment will go even further in Wollongong.
Wollongong is a unique place that attracts students, families, tourists, and investors alike. The property market is hot right now and investors' interest in Wollongong aren't slowing down anytime soon.
If you're ready to build your next investment property or AirBnB home, you can rent out to passing travellers and invest in Wollongong sooner rather than later.
Looking to build a new home or rental property in Wollongong?
A Class Building and Construction is Wollongong's leading custom home builder. With over 45 years of experience building in Wollongong, your future investment property is in the best hands with our team.
Our custom building designers specialise in Wollongong knock down rebuilds if you're looking to buy an attractive plot of land with an existing structure on the property.
Contact our team today to discuss your build, or click here for your free quote.
