Neil Casey
Prosperitii Property Investment Advisory - 30+ reviews (Granny Flat and Dual Occ specilaists)
Nowra, NSW+8
Regional NSW · Wollongong
The city centre suburb of Wollongong, in the Wollongong City Council area. Most homes are flats or apartments.
Last reviewed 25 October 2026
Market snapshot
Estimate, not an official figure · September 2026
Median house
$1.10M - $1.45M
Mid-band $1.27Mspread 27%
Median unit
$650,000 - $850,000
Mid-band $750Kspread 27%
Rental yield
3.0% to 4.0%
Gross yield on house stock. Premium suburbs compress.
Price growth for Wollongong is not shown. A property site that publishes medians from valuer-general sales records puts five-year house growth at +12.2%, outside our estimate's range, and no licensed sales data is available to check which is right.
Before you buy
Wollongong Local Environmental Plan 2009 includes the Market Street conservation area and the North Beach Precinct and Belmore Basin conservation area. State Heritage Register places in Wollongong include the railway station group, the harbour precinct, the Regent Theatre and St Michael's Cathedral. Ask the council whether the address is listed before you plan works.
Wollongong City Council's city centre planning proposal, PP-2024/4, was on exhibition until 6 July 2026. It would update Wollongong Local Environmental Plan 2009. Ask the council where it stands before you buy in the city centre.
Wollongong City Council exhibited a draft floodplain risk management study and plan for Wollongong, Mangerton, Coniston and Mount Saint Thomas from 22 September to 3 November 2025. Ask the council about flooding for the address.
Wollongong Station, at Lowden Square, is on the South Coast Line.
NSW Department of Communities and Justice bond data for the June 2026 quarter puts the median weekly rent for a new tenancy in postcode 2500 at $750 for a house, from 127 bonds, and $640 for a unit, from 396 bonds. Postcode 2500 also covers North Wollongong, West Wollongong, Coniston and other suburbs.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000.
At the 2021 Census, 77.3% of Wollongong homes were flats or apartments, 13.8% were separate houses and 7.4% were semi-detached or townhouses.
Agents on a Pro plan who serve Wollongong
Why a buyers agent
In central Wollongong, heritage areas, a city centre planning proposal and a draft flood plan bear on what you buy. A buyers agent who works the Illawarra checks each of them for each home on your shortlist, prices it against the sales closest to it, and negotiates or bids at auction for you.
Wollongong has the Market Street and North Beach conservation areas and State Register places. An agent checks the address before you bid.
The council's city centre planning proposal would change the local environmental plan. An agent asks where it stands.
Wollongong Station is on the South Coast Line. An agent weighs how far each home is from it if you plan to commute.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000. An agent with your conveyancer checks whether the home you choose qualifies before you exchange.
Compare
| Metric | This suburbWollongong | NearbyFigtree |
|---|---|---|
| Median house | $1.10M - $1.45M | $1.05M - $1.40M |
| Median unit | $650,000 - $850,000 | $650,000 - $875,000 |
| Year-on-year growth | Not available | Not available |
| 5-year growth | Not available | Not available |
| Rental yield | 3.0% to 4.0% | 3.6% to 4.6% |
| Postcode | 2500 | 2525 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Wollongong had 20,446 residents at the 2021 Census, with a median age of 35. It is in the Wollongong City Council area.
At the 2021 Census, 24.1% of Wollongong homes were owned outright and 17.7% with a mortgage. The median weekly rent at that Census was $410 and the median monthly mortgage repayment was $1,950.
Frequently asked
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Editorial review: 25 October 2026.
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