10/184-186 Corrimal Street, Wollongong NSW 2500

10/184-186 Corrimal Street, Wollongong NSW 2500
2 bed, 2 bath, 2 car apartment | elevated coastal position | strong owner-occupier appeal | verified 2024 sale at $975k The buying case here rests on a rare combination for a Wollongong apartment: dual parking, dual bathrooms, and genuine ocean outlooks from an elevated position. The 2007 build avoids the compliance concerns of older stock, while the open plan layout with walk-in robe and ensuite signals it was designed for owner-occupiers not investors. For a buyer wanting a low-maintenance coastal base with strong resale fundamentals, this unit competes directly with newer stock but at a lower entry point than comparable builds in the immediate precinct. The flood overlay is the primary risk, and it will narrow your buyer pool at resale and may lift insurance costs meaningfully. The bushfire and heritage overlays appear inconsistently reported, so you must verify directly with council before exchange. The rental range of $635–$785 per week suggests a gross yield around 3.5-4%, which is acceptable but not exceptional for this price point. Hold this as a permanent residence or a medium-term hold with a view to upgrading within the same building or precinct once equity builds.
Detailed Independent Property Report prepared  by PropCred Analyst team for 10/184-186 Corrimal Street, Wollongong NSW 2500
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✓
Execution Risk ! 1
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Market Insight

Wollongong presents a strategic coastal alternative to Sydney, with its market characterised by strong apartment activity and robust infrastructure investment. Demand is driven by population growth, migration from Sydney, and solid owner-occupier interest, underpinning a resilient rental market with tight vacancy. Recent price trends indicate a period of adjustment, favouring strategic, long-term investment over speculation. Future growth is supported by a diversified economy and continued development, though affordability variances across suburbs present a key consideration for buyers.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

939m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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