24/19-21 Gipps Street, Wollongong NSW 2500

24/19-21 Gipps Street, Wollongong NSW 2500
Rare four-bedroom penthouse | rising coastline outlook | heritage area and flood zone | long-term owner building This apartment is considered rare in the Wollongong market due to its four-bedroom layout and multiple parking spaces. The rising coastline views are regarded as a defining strength, positioning the property among the area’s prestige apartment stock. It is best suited to downsizers or affluent owner-occupiers seeking a low-maintenance coastal lifestyle. The building’s established owner-occupier base, with an average tenure of 13 years, indicates a well-managed and stable environment. The property’s position within a flood zone and heritage area may affect insurance costs and limit the scope of future renovations. The absence of detailed amenity or finish information means the value depends heavily on the penthouse status and outlook. Buyers are encouraged to consider these factors when forming a view on price relative to other high-end apartments in the area.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24/19-21 Gipps Street, Wollongong NSW 2500
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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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

4

Bathroom

3

Parking

3

Land

2406m²

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