171/22-32 Gladstone Avenue, Wollongong NSW 2500

171/22-32 Gladstone Avenue, Wollongong NSW 2500
Central apartment in The Vantage | Likely 3-bed, 2-bath, 2-car | Opposite Wollongong Station | High rental yield | Owner-occupier favourite Unit 171 represents the better end of Wollongong’s inner-city apartment stock. The complex is a modern, mid-2010s building sitting directly opposite the station, and the likely three-bedroom, two-bathroom, two-car layout gives it a genuine owner-occupier edge over the older one- and two-bed walk-ups that dominate the suburb. That configuration supports multiple buyer types: commuters wanting direct rail access, downsizers keeping their car and space, and investors seeking reliable rental demand from the nearby university, hospital and CBD. The building’s contemporary finishes, secure parking and lift access add to its appeal, and the strong rental track record around $680–$700 per week points to a property that can work hard financially while also serving a permanent household. Value may be influenced by the exact floor and aspect, which are not confirmed for this unit. Higher floors in the complex offer ocean and escarpment views, while lower or side-facing apartments may have limited outlook and greater street noise from the station approach. The approved redevelopment of the adjacent Gladstone Avenue site could alter density and views in the coming years, and strata levies are a material holding cost. Buyers should weigh the unit’s position within the building, its internal condition, and the likely impact of future construction when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 171/22-32 Gladstone Avenue, Wollongong NSW 2500
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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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

Comparable Sales: 155/22-32 Gladstone sold $800,000 (3/2/2); 159/22-32 sold $725,000 (2/2/1) | Listed Price Band: $700k-$800k | Value Indicator: floor level, aspect, parking layout, internal condition

Bedrooms

2

Bathroom

2

Parking

1

Land

1.01 acres

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