101/75 Corrimal Street, Wollongong NSW 2500
101/75 Corrimal Street, Wollongong NSW 2500
Boutique 10-residence block | 3-bed, 2-bath, 2-car configuration | Premium coastal finishes | Flood overlay applies | Strong executive demand
What is competitively strong or rare about this property, how it sits in its suburb, and which buyer it serves best: This unit holds a genuinely uncommon position in Wollongong’s apartment market. A three-bedroom, two-bathroom, two-car layout within a low-density building of only ten residences is rare, particularly with the level of finish suggested by the building’s design—walk-in robes, ducted air conditioning, stone benchtops, and a communal pool. The north-easterly aspect and proximity to Belmore Basin, beaches, and cafes give it a lifestyle edge that most local stock cannot match. It suits executive owner-occupiers, downsizers, or affluent sea-change buyers seeking a lock-and-leave coastal base without compromising on space or quality.
What might materially affect the value or sale price of this property: The flood overlay is a real constraint that may influence insurance costs and lender appetite, though it does not appear to have suppressed recent sales in the building. The premium price point may limit buyer depth compared to standard units, meaning the sale outcome could depend on finding the right purchaser who values the boutique scale and coastal position. Finish level within this specific unit, its floor level, and outlook will likely matter more than in a typical complex, so a direct inspection is essential to confirm what this particular apartment offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/75 Corrimal Street, Wollongong NSW 2500
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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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: 202/75 Corrimal Street sold February 2025 for $2,375,000; 301/75 Corrimal Street contracted August 2025 at $2,300,000 | Property Price Band: $2.3M–$2.4M | Value Drivers: floor level and aspect, internal finish quality, parking and storage provision
Bedrooms
3
Bathroom
2
Parking
2
Land
1152m²
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