Best suburbs to buy in and rent in Wollongong

Wollongong is known for its great beaches and developing culture. Whether you’re moving from a different suburb or you’re selling your home in Wollongong and trying to decide which suburb to move to next, the area offers a range of different options for all different tastes. These five suburbs offer a great lifestyle for those looking to rent and also steady market growth for those looking to buy.

View of the coastline of Stanwell Park from Bald Hill Lookout,
New South Wales, Australia

Mount Pleasant

Mount Pleasant is an inner-city suburb located only minutes away from the Wollongong CBD. As the name suggests, it’s full of hills and unbelievably beautiful views. The median price for a house is $900,000 and rent is about $600 a week. Mount Pleasant is a high-socioeconomic area with all types of households but particularly families. There’s access to a renovated shopping centre, restaurants, cafes and one of the best schools in the city.

Figtree

Figtree is another up and coming suburb that’s popular with families. You’ll be able to find both houses and units at an affordable price. The median house price is $722,500 and the median unit price is $377,000. Rent is about $510 per week for houses and $350 per week for units. Figtree is peaceful and quiet, perfect for those looking to stay away from the hustle and bustle while still being able to access the Wollongong CBD and nearby beaches.

Port Kembla

Port Kembla is one of those areas that hasn’t always had the best reputation in Wollongong. However, it has developed over the past few years and become a trendy hub for young families. A house will cost you about $600,000 or $430 per week in rent. The suburb has had an average annual growth for units rate of about 12.5% over the past five years, high for the Illawarra region. The median unit price is currently about $403,000.

Boats docked before smoke stacks at Port Kembla,
Wollongong, NSW, Australia.

Woonona

Woonona is another area that has developed over the years to become more developed and affluent more recently. Over the past five years, the average annual median price for houses has risen by 8.8% and units by 11.9%. The median house price is now $880,000 and the median unit price is $645,000. Woonona is home to an incredible beach, cafes, restaurants and even a nightlife.

Warilla

Warilla is a coastal town without the huge price tag of some other suburbs. You won’t find many units in the area but you will be able to find houses at a median of $510,000. There’s access to beaches, parks, breathtaking views and job opportunities. If you want to be near water for fishing, skiing and boating, Warilla is ideal for you.

Final Words

It’s important to learn more about Wollongong if you’re thinking about making the move. This way, you’ll be able to make the most of what Wollongong has to offer. Don’t forget to look into the events on in Wollongong to get an understanding of what the residents get up to. Mount Pleasant, Figtree, Port Kembla, Woonona and Warilla are all great options if you’re hoping to enjoy Wollongong’s lifestyle.

Guest author: Ellen Orton is the Head of Business Operations at OpenAgent.com.au, an online agent comparison website helping Australians to sell, buy and own property.