29/313-323 Crown Street, Wollongong NSW 2500

29/313-323 Crown Street, Wollongong NSW 2500
2-bed Crown St unit | 99sqm internal | 6th floor city views | 20yo complex The property’s 99sqm internal area on a high floor with city and ocean views is unusually generous for a two-bedroom apartment in Wollongong, giving it a competitive edge over smaller, newer stock. The full-sized kitchen, large balcony, and security car space are features that typically command a premium from owner-occupiers, particularly downsizers or professionals who value space and light over brand-new finishes. Being furnished and centrally located near the train station makes it immediately attractive to tenants, though the buyer case is strongest for someone seeking a long-term hold in a tight supply corridor where well-configured units are scarce. The main risk is the 20-year-old building age, which may involve upcoming special levies for common property maintenance or facade worksโ€”something a buyer should verify in the strata records before committing. The non-pet-friendly policy narrows the tenant pool slightly, and the estimated $650 weekly rent may feel modest against a near-million-dollar price, so the yield is not aggressive. However, the high confidence valuation and absence of flood, bushfire, or heritage overlays reduce downside surprise. This unit should be held as a core residential investment or primary residence, not flipped, with the location and floor plan providing durable demand across market cycles.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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

2

Bathroom

1

Parking

1

Land

2447mยฒ

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