North Wollongong, NSW
UNDERVALUED2,019 sales · 36 years of data · NSW, Australia
North Wollongong, NSW Property Market Overview
North Wollongong, NSW, postcode 2500, presents a diverse property market with a significant amount of historical data. Located in the greater Illawarra region south of Sydney, North Wollongong boasts a comprehensive sales history spanning 36 years, with a total of 2,019 recorded sales. The current median property price for all dwellings sits at $772,000.
North Wollongong's property landscape is characterised by a mix of housing types, with houses currently holding a median price of $1,886,000 and apartments mirroring the overall median at $772,000. This suburb's diverse property options and proximity to both the city and the coast make it a noteworthy area within the New South Wales property market. Its historical growth, reflected in various Capital Annual Growth Rate (CAGR) figures, provides a long-term perspective on property value trends.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for North Wollongong
Top streets in North Wollongong, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Bourke St | $720,000 |
| 2 | Pleasant Ave | $745,000 |
| 3 | Noel St | $608,000 |
| 4 | Virginia St | $930,000 |
... and 34 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Keira St | $9,300/m² |
| 2 | Virginia St | $8,182/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Noel St | +3.8% |
| 2 | Pleasant Ave | +4.8% |
| 3 | Bode Ave | +2.1% |
| 4 | Virginia St | +6.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 37 Virginia St | $995,000 |
| 2 | 7 Keira St | $1,015,000 |
| 3 | 56 Montague St | $4,900,000 |
... and 36 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full North Wollongong analysis
38 streets and 40 buildings to explore
Trusted by 100+ property investors across NSW
Nearby Suburbs to North Wollongong
North Wollongong at a Glance
North Wollongong, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in North Wollongong, NSW
Living in North Wollongong offers a blend of coastal living and urban convenience. The suburb is home to North Wollongong Beach, a popular spot for swimming and surfing. Families are drawn to the area due to schools like North Wollongong Public School and proximity to Wollongong High School of Performing Arts. The University of Wollongong is also nearby, contributing to a vibrant student population.
North Wollongong train station provides easy access to Wollongong CBD and Sydney. Local shopping options include smaller convenience stores and cafes, while larger retail centres are a short drive away in Wollongong. Parks like Stuart Park offer green spaces for recreation. The suburb generally has a relaxed atmosphere, appealing to students, young professionals, and families alike.
Who Buys in North Wollongong?
North Wollongong attracts a diverse range of buyers. The high percentage of strata title apartments (69.0%) suggests a strong appeal to first home buyers and investors seeking more affordable entry points into the market. The overall median property price of $772,000 also aligns with this. Families are also drawn to the area, particularly those seeking proximity to schools and parks, although the higher median house price of $1,886,000 may be a barrier for some. The suburb's historical Capital Annual Growth Rate (CAGR) figures may also attract investors looking for long-term growth potential.
Market Analysis
As of early 2026, analysis suggests that North Wollongong's property market is currently positioned below its long-term trend. This places the suburb in what could be considered undervalued territory within its broader property cycle.
This cycle position reflects the relationship between current property values and the suburb's historical performance. It indicates that current prices are, based on historical data, below what would be expected given the suburb's long-term growth trajectory. This type of analysis is valuable for understanding the potential for future price movements in North Wollongong.
Is North Wollongong a Good Investment?
Analysing North Wollongong's growth patterns reveals a suburb with a history of steady appreciation. The full-period CAGR of 5.6% indicates consistent long-term growth. This growth is likely driven by factors such as its coastal location, proximity to the University of Wollongong, and convenient transport links. The suburb's diverse housing options, ranging from apartments to houses, cater to a wide range of buyers.
As of early 2026, the current market position, which places North Wollongong below its long-term trend, suggests a potential entry point for those interested in the area's property market. This cycle position, based on historical data, indicates that current prices are lower than would be expected based on the suburb's long-term performance. The mix of housing types and the continued demand for coastal living contribute to the underlying drivers of property values in North Wollongong.
North Wollongong Market Outlook
As of early 2026, North Wollongong's property market is currently positioned below its long-term trend. This indicates that, based on historical data, the suburb is in undervalued territory within its property cycle. Recent price trends suggest a potential period of adjustment, influenced by broader economic factors and market sentiment. This market position provides a snapshot of North Wollongong's property landscape at this specific point in time.
Streets & Location in North Wollongong, NSW
North Wollongong, postcode 2500, features a variety of streets, with some notable examples including BOURKE ST, NOEL ST, and HINDMARSH AVE, which exhibit high median property prices. The suburb itself is positioned advantageously within the Wollongong area, offering convenient access to local amenities and the coastline. With a total of 38 streets, North Wollongong presents a diverse range of residential options.
Market Dynamics
Market transaction patterns in North Wollongong show an average settlement timeframe of 55 days. This figure provides insight into the typical time required to complete a property transaction in the area. Data regarding quick-flip activity is currently not available. Understanding settlement timeframes is important for assessing market liquidity and the pace of property turnover in North Wollongong.
Development & Density
North Wollongong exhibits a diverse development density, with a notable presence of apartment buildings. There are currently 40 apartment buildings in the suburb, contributing to the area's overall housing composition. The high percentage of strata properties (69.0%) indicates a significant proportion of apartments relative to detached houses in North Wollongong. This mix of development styles contributes to the suburb's character and residential options.
Growth & Property Mix
Over the past decade, North Wollongong has experienced a 10-year Capital Annual Growth Rate (CAGR) of 5.0%. Looking further back, the 20-year CAGR stands at 3.8%, while the full-period CAGR, encompassing the entire 36 years of data, is 5.6%. These figures illustrate the suburb's long-term growth patterns. The property mix in North Wollongong is significantly comprised of strata title apartments, making up 69.0% of the market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.