5/184-186 Corrimal Street, Wollongong NSW 2500

5/184-186 Corrimal Street, Wollongong NSW 2500
2 bed 2 bath 2 car | 2016 build | ocean/golf views | secure parking | flood overlay noted This unit holds a genuine edge in Wollongong’s apartment market. The 2016 construction means modern finishes throughout—stone benchtops, gas cooking, ducted air, and bi-fold glazing—which places it well above the older, smaller stock common near the CBD fringe. Two secure car spaces are rare for a two-bedroom apartment here, and they add real practical value for owner-occupiers who commute or entertain. The east-facing aspect with ocean and golf course views, plus lift access and a storage cage, gives it a lifestyle appeal that suits downsizers, professionals, or coastal buyers wanting walkable beach access and low-maintenance living. It sits in a mixed precinct where newer executive apartments stand apart from basic small-block units, so this property should attract strong interest from buyers prioritising quality, security, and outlook. Value may be tempered by the flood management overlay flagged on the site, which could affect future redevelopment or insurance costs. The building shows no recent sales, so pricing confidence relies on comparable stock nearby. Buyers should weigh the premium for two parking spaces and views against the lack of on-site amenities like a pool or gym. The floor level, if lower, might reduce the view advantage, so confirming the actual unit position matters when assessing long-term appeal. || Comparable Sales: 16/17-19 Corrimal Street (2 bed, 1 bath, 1 car, ocean view, sold via Ray White) | Property Price Band: $900K–$1.0M | Value Drivers: floor level, view quality, parking configuration, finish condition
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/184-186 Corrimal Street, Wollongong NSW 2500
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
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

Comparable Sales: 16/17-19 Corrimal Street (2 bed, 1 bath, 1 car, ocean view, sold via Ray White) | Property Price Band: $900K–$1.0M | Value Drivers: floor level, view quality, parking configuration, finish condition

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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