7/13 George Street, Wollongong NSW 2500

Flood overlay recorded | rental yield tight below 4% | single bathroom limits buyer pool | first-floor unit with no lift The flood overlay introduces insurance cost and resale friction, likely adding $800–$1,200 annually in premiums and narrowing future buyer demand. At a mid‑point $500,000, the $435‑per‑week rental income yields roughly 4.5%, which is sustainable but not exceptional for Wollongong. The unit is suitable as a long‑hold city‑fringe dwelling for an owner‑occupier or a conservative investor who accepts moderate cash flow; it is not positioned for rapid capital gain. Competitive strength lies in the prime Wollongong CBD proximity and the large 883m² lot, which is rare for a one‑bedroom strata unit and may offer future land‑value leverage. The full NBN FTTP and 5G coverage support remote workers well, though these are secondary drivers. This property best serves a first‑time buyer seeking walk‑to‑work convenience or an investor wanting a low‑maintenance holding with steady tenant demand. Next step is to obtain a flood‑risk insurance quote and confirm the body corporate’s sinking fund position before committing.