304/26 Young Street, Wollongong NSW 2500
304/26 Young Street, Wollongong NSW 2500
New build | Resort amenities | CBD walkability | Premium finish | View-dependent value
This unit sits at the newer, higher-spec end of Wollongong’s apartment market, with a finish package—Smeg appliances, stone benchtops, engineered timber flooring, ducted climate control—that clearly targets owner-occupiers and downsizers over investors. The building’s rooftop pool, gym, and lift access add genuine lifestyle appeal, while the CBD location puts Keira Street dining, Wollongong Central, the train station, and the beach within easy walking distance. For a professional couple or empty-nester seeking low-maintenance living with strong amenity and city convenience, this is a well-matched property. Its competitive edge lies in being part of a recent, well-appointed development that stands out against older central-Wollongong stock.
Value may be shaped by floor level and orientation more than most apartments, given the building’s view differentiation—higher floors with ocean or escarpment outlooks command a noticeable premium, while lower or west-facing units may feel more constrained. The mixed-use nature of the development introduces some commercial activity at ground level, which could affect noise or perceived exclusivity depending on the exact unit position. Parking allocation and bedroom count will also influence resale appeal, as will the ongoing performance of newer stock in a market where buyers increasingly prioritise quality and walkability.
Detailed Independent Property Report prepared by PropCred Analyst team for 304/26 Young Street, Wollongong NSW 2500
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Wollongong sits as a coastal city south of Sydney with strong connectivity, yet its market is defined by a clear apartment tilt: 64% of sales are units against 36% houses. Buyer demand is led by Sydney migrants, owner-occupiers, and population growth, supported by infrastructure spending in health, education, and transport. House prices have moved unevenly, with medians ranging from $1.2M to $1.39M and growth reported between 4% and 28%, while units sit near $740K-$755K with ~4.4-5% annual growth. Conditions show a market in adjustment, still undervalued but favouring strategic rather than speculative entry. Rental demand is firm: house rents are up 10.3% and units 8.3%, pushing median house rent to $750 and units to $650, with vacancy a tight 1.0% and gross yields at 3.2-3.8% for houses and 4.2-4.3% for units. The key constraint is affordability spread: median prices across the City of Wollongong vary sharply from $831K to $1.5M, reflecting supply differences and rate sensitivity. The infrastructure pipeline and migration flows are the main forward drivers, but the wide price dispersion and adjustment phase mean the market rewards selectivity.
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PropCred Estimated Value
Comparable Sales: 704/26 Young St sold $725,000 (2 bed) | Property Price Band: $700,000–$800,000 | Value Drivers: Floor level and view, building age and finish quality, proximity to CBD and transport.
Bedrooms
2
Bathroom
2
Parking
1
Land
268m²
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