NSW Registered Law Firm, LEAD Conveyancing

s149 / s10.7s + Lawyer included in fixed fee
Get a FREE quote prepared by Trinh Thai LLB

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

1. Send us a copy of the contract & when you’ll make an offer
2. Tell us when you’d like to settle on the property
3. We’ll achieve a satisfactory outcome for you

1. Send us a copy of the contract or instruct us to draft it
2. Tell us more about the property you’re selling
3. We’ll achieve an on-time settlement for you

1. Let us know what you are proposing to do
2. We'll review the contract & s10.7 looking for red-flags
3. We’ll suggest changes & special conditions in the contract to protect your interest

Wollongong is one of the biggest cities in New South Wales state with a thriving real estate industry. Based on current data, 2 bedroom houses in this urban city cost $612,550 while 3 bedroom houses cost as much as $906,000. For 4 bedroom houses in Wollongong, you should be ready to pay at least $1,060,000. The cost of units available for sale also varies in price. For example, 1 bedroom units cost $407,500 while 2 bedroom units can be bought at $555,000. 3 bedroom units cost as high as $850,000. 

The available rental houses in Wollongong cost $388 per week for 2 bedroom houses and $550 per week for 3 bedroom houses. For a 4 bedroom in Wollongong, the cost is $690 per week. Units are a bit different in price. A 1 bedroom unit costs $350 per week while 2 bedroom units cost $450 per week. 3 bedroom units cost $600 per week. 

Households in the city of Wollongong in New South Wales are majorly childless couples and work professional occupations. It is estimated that they are likely to be repaying $1800 - $2399 per month on mortgage repayments. As of 2016, 39.6% of homes in this coastal city were owner-occupied. This is in contrast to the 27.34% of the residents that live in rental properties. A large number of people in Wollongong are in the age range of 20 – 29 years. Additionally, there is a current vacancy rate of 0.85% in this city. 

The median rent price for houses in Wollongong is $545 per week. This is higher than the national average of $395 per week. The median gross yield of rental houses is 3.1%. For units, the median rent price is $440 per week. The median gross yield over the last 12 months stands at 3.8%. 

For the sale of units in Wollongong, the picture is quite different. The median sale price of units is $599,000. This is higher than the national average of $438,000. The median price change over the course of a year is 2.17% and slightly higher than the national average of 2.10%. 

For houses in this coastal urban area, the median sale price is $925,000. This is almost double the national average of $485,000. The median price change per annum stands at 3.35%. This median price change puts Wollongong in the 1204th position in New South Wales.

• Average discounting on sales of houses and units in Wollongong is -3.91%
• The average number of days properties stay on the market before being sold is 66 days
• It is easy to find properties of every shape and size in Wollongong

After finding out that your dream property is within your budget, a conveyancing service is necessary. Buying real estate in Wollongong can be seamless when you employ a conveyancing service to help you with the transaction. Conveyancing is the process that involves the transfer of ownership of a property from a previous owner to a new owner. 

The entire transaction is split into phases. There is the pre-contract phase, pre-completion phase, and post-completion phase. All these phases involve a lot of paperwork which the conveyancing firm will guide you through. The conveyancers will also be in contact with the lawyers of the other party if you need legal representation during the entire exercise.

Wollongong is the third-largest city in New South Wales. It is located on a narrow coastal strip between the Pacific Ocean and the Illawarra Range. With a population of 307,477 in 2021, Wollongong is the 11th largest city in Australia in terms of population. This coastal urban city has an area of 572.2 km² and is only 68 km (42 miles) south of Sydney. A few things that make Wollongong stand out are the heavy industries, the quality of its physical setting, and port activity. 

The first Europeans settled in this area in 1796. Before that, the Dharawal Indigenous people inhabited this area. Then, in 1816, the first land grants were made. As time went on, the area began to modernize. Then in 1830, a military barracks was constructed. And so, by 1834, a town in Wollongong was gazetted, and a courthouse was built. By 1871, the old lighthouse was constructed and completed. But years later, in 1936, to be precise, a new lighthouse was constructed and finished on Flagstaff point. Finally, after several application attempts, Wollongong was proclaimed a city in 1942. 

Many outlying rural areas and suburbs stretch from Helensburgh in the north to Kiama in the south. At least 2.9% of the Wollongong population are Aboriginal and Torres Strait Islander people. 74.1% of people in Wollongong were born in Australia. People born in England and North Macedonia make up 4.2% and 1.3% of the population, respectively. In Wollongong, about 4.2% of employed people work in hospitals. 2.6% of the remainder work in Aged Care Residential Services.

• Coal deposits were first documented in the Illawarra region by 1797
• In the 19th century, Wollongong was very attractive to agriculturists due to its highly fertile alluvium
• Wollongong is a highly multicultural city.

Wollongong is undeniably one of the most interesting coastal cities to visit or reside in New South Wales because there are many local attractions in this urban area. More so, you can never be idle as there are a lot of activities to engage in. So here are some exciting spots you should take the time to visit.

Nan Tien Temple

Nan Tien Temple is a symbol of art and culture. This temple has much to offer, from the grandeur architecture to the art, culture, and unique exhibitions and festivals. You will find the vegetarian cuisines here to be quite delightful. While having a first-hand spiritual experience, you can take walks around the lovely gardens. 

Wollongong Lighthouse

Visiting the iconic Wollongong Head Lighthouse gives you a peek into the history of Wollongong. The boat harbor, coastal walkways, and surroundings are beautiful. You will have a lot to do here, which of course, includes holding onto your hat to avoid losing it to the winds. From thr Lighthouse, you can see the city break forth before your very eyes, which is indeed a wonder. 

The Grand Pacific

The Grand Pacific Drive will leave you in awe with its clear blue waters and you can see the rich fauna of Wollongong’s waterways from The iconic Sea Cliff Bridge. 

There are also coastal rainforests and quaint villages you may choose to visit. So should you visit any of the villages by chance, stop for a while to mix with the locals and learn a thing or two about their culture.

Other activities to engage in and local attractions include: 

• Enjoy picnics on Wattamolla Beach and the Port Kembla Beach
• Engage in a bike ride along the Wollongong To Thirroul Bike Track.
• Escape the busy city and get closer to nature at the Wollongong Botanic Garden
• Tour the Science Space and Australian Motorlife Museum