Where Can I Build A New Home In Wollongong?
The beautiful beachside city of Wollongong (in the Illawarra region of New South Wales) is NSW’s third largest city and an ideal spot for singles and families alike to commence building a new home. It’s an enticing place to live and there are many great places to build a new home in Wollongong, whether you already live there or are looking to relocate.
WHY IS IT WORTH BUILDING IN WOLLONGONG?
NSW is home to many attractive cities and towns but Wollongong stands out thanks to its unique mix of quiet resort town and contemporary metropolis vibes. Wollongong is a very diverse city, with a huge number of different cultural groups. Plus, it’s a welcoming and lively community with flourishing tourist activity.
The government boasts that ‘the urban areas of Wollongong and Shellharbour form a contiguous community that is likely to be home to around half a million people by 2050.’
Local government even have a strategic plan in place to ensure there is enough housing for this burgeoning area over the following years. The median age of people living in Wollongong is 38 years with 66 per cent of all residents single and 34 per cent are part of a family unit.
Dubbed as the city of innovation, Wollongong is home to a thriving central business district, various schools, the University of Wollongong (which is rated in the top two per cent of the world’s universities) and many amazing cafes, restaurants and social activities. Wollongong offers an array of schools and TAFE campuses, ensuring an educated and bright future.
The median price for a house in Wollongong, was $795 000 in 2018/2019, while the median rent was $500 per week. With a compound annual growth rate of 9.1 per cent, the Wollongong housing market presents a great investment opportunity for investors and new home buyers alike. Given the strong predicted growth of the area, building a new home in Wollongong is a worthwhile investment.
Of course, one of the best features of this striking city is that it is a mere eighty kilometres away from Sydney.
KNOCK DOWN REBUILD OR VACANT LOTS
New home buyers have two choices when it comes to building a new home in Wollongong.
- Knock down rebuild: you can buy an old house and knock it down to rebuild your dream home.
- Buy a vacant lot: you can buy a vacant lot and build on it.
The type of house you build and a big part of its design will depend on the land you purchase. If you can easily find a block for your desired home design or you’re willing to make some changes to fit the land size/shape, then you can buy the right vacant lot without too much trouble. However, if you don’t see an empty block that fits your dream home design then you may have to buy an existing house and knock down rebuild.
PLACES FOR BUILDING IN WOLLONGONG
Firstly, decide what your needs are and where you wish to be positioned. Your needs include distance to work, schools and your favourite leisure activities.
We build new homes across the attractive stretch between Port Kembla and Fairy Meadow, all you need to decide is where you want to live.
If you love to be at the hub of activity, then consider buying close to the main street— Crown Street— in the city centre. This prime site is located within easy access to multiple transport options, schools, hospitals and University of Wollongong. However, securing vacant land can often be tricky.
If you’re a beach lover, the tight knit suburb of Thirroul is ideal for new homes. Especially as it’s only thirteen kilometres from Wollongong.
It provides the perfect chance to build a great family home or holiday spot that embodies a dream lifestyle with plenty of opportunities and easy access to the beach, Thirroul Village and more.
With infamous surfing spots and extensive history, the suburb of Bulli is an idyllic location to build your new home, particularly if you wish to remain close to Wollongong’s city centre. With many quiet cul de sacs and curving streets, Bulli is well sought after and rarely sees new vacant land become available, so talk to us about undertaking your knock down rebuild.
For those that love the quieter life, consider Port Kembla, less than eight kilometres from Wollongong. A unique and iconic area with an industrial economic background, there are some beautiful homes with great views popping up in Port Kembla, make yours one of them. It’s an emerging seaside suburb with strong plans to increase and improve infrastructure and urban projects.
There are some great rare buying opportunities in the suburb of Fairy Meadow, particularly if you love peaceful and natural surroundings. The perfect lifestyle can be created here with easy and convenient access to the beach, the highway and public transport. Don’t delay when choosing your land here as it’s in high demand!
THINGS TO REMEMBER
If you’re thinking about building in Wollongong, it is better to get started early, before all the prime real estate is gone. The great thing is that houses in Wollongong are a solid investment opportunity. This means that you can invest in one for you and your family or put it up for rent.
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