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Yes, the analysis of Wollongong's property market is included in our pack
Thinking about buying a 3-bedroom apartment in North Wollongong? It’s a fantastic area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other suburbs like Figtree or Fairy Meadow where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Wollongong Property Pack.
Will property prices increase in Wollongong in 2025?
Yes, property prices in Wollongong are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Wollongong remains an attractive location for both domestic and international investors.
Sure, there are some economic bumps like inflation and rising interest rates, but the main drivers behind Wollongong’s price growth aren’t going anywhere.
Demand, especially in the coastal and central areas, still outstrips supply by a mile, making any major price dips a long shot. And let’s not forget—Wollongong’s status as a growing regional hub with proximity to Sydney keeps drawing in buyers from around the country.
Signals pointing to a property price increase in Wollongong
Here are some factors suggesting prices could increase:
The ongoing population growth in Wollongong, driven by its appeal as a coastal city with a high quality of life, is expected to continue in 2025, increasing demand for housing.
Limited land availability for new developments in prime areas is likely to constrain supply, pushing up property prices as demand remains strong.
Infrastructure improvements, such as upgrades to transportation links between Wollongong and Sydney, are expected to enhance the city's connectivity, making it more attractive to commuters and boosting property values.
Wollongong's growing reputation as an educational and research hub, with institutions like the University of Wollongong, is attracting students and professionals, increasing demand for rental and purchase properties.
The trend of remote working is encouraging more people to move away from major cities like Sydney to regional areas like Wollongong, where they can enjoy a better lifestyle while maintaining their jobs, thus increasing housing demand.
Signals pointing to a property price decrease in Wollongong
Here are some factors suggesting prices could fall:
Rising interest rates could make borrowing more expensive, potentially reducing the number of buyers able to afford property in Wollongong.
Economic uncertainties, such as inflation and potential job market fluctuations, could impact buyer confidence and reduce demand for property.
If new housing developments are approved and completed at a faster rate than expected, it could lead to an oversupply in certain areas, putting downward pressure on prices.
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If property prices go up in Wollongong, how much would they increase by?
If real estate prices in Wollongong were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in growing regional markets like Wollongong appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a charming 3-bedroom house in Fairy Meadow for 850,000 AUD today, don't be surprised if it's priced between 875,500 and 909,500 AUD this time next year.
To give you a better understanding, here is a table that shows 7 types of Wollongong real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (AUD) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Beachfront Apartment (60 sqm / 646 sqft) | AUD 900,000 | AUD 927,000 | AUD 945,000 | AUD 963,000 |
| Modern Apartment (75 sqm / 807 sqft) | AUD 1,200,000 | AUD 1,236,000 | AUD 1,260,000 | AUD 1,284,000 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | AUD 2,500,000 | AUD 2,575,000 | AUD 2,625,000 | AUD 2,675,000 |
| Studio (30 sqm / 323 sqft) | AUD 450,000 | AUD 463,500 | AUD 472,500 | AUD 481,500 |
| Loft (80 sqm / 861 sqft) | AUD 1,600,000 | AUD 1,648,000 | AUD 1,680,000 | AUD 1,712,000 |
| Townhouse (150 sqm / 1,615 sqft) | AUD 3,500,000 | AUD 3,605,000 | AUD 3,675,000 | AUD 3,745,000 |
| Investment Property (50 sqm / 538 sqft) | AUD 750,000 | AUD 772,500 | AUD 787,500 | AUD 802,500 |
Everything you need to know is included in our Property Pack for Wollongong
If real estate prices go up in Wollongong, which areas are likely to see the biggest increases?
Today, people who want to move to Wollongong are looking for a blend of coastal charm and modern conveniences, which North Wollongong delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Wollongong CBD has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Wollongong market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| North Wollongong | High | Recent development of luxury apartments and its increasing appeal to both local and international buyers, driving demand. |
| Wollongong CBD | High | Expected rise due to limited housing stock, upcoming commercial projects, and growing demand for urban living. |
| Thirroul | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Fairy Meadow | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Figtree | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Port Kembla | Medium | Investment in local infrastructure, such as the extension of transport lines and renovation of historic areas, is boosting long-term value. |
| Corrimal | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Shellharbour | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Kiama | Medium-High | Its proximity to Wollongong, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Warrawong | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Austinmer | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Bulli | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this coastal, scenic location. |
-The best areas to buy a property in Wollongong
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Wollongong?
In 2025, Wollongong real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Homes in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Wollongong are seeing increased interest. Proximity to beaches, parks, and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In coastal cities like Wollongong, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Wollongong's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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