According to statistics released by the Australian Bureau of Statistics and published by the Real Estate Institute of Australia, roughly 12,729 real estate agents do business in the state of New South Wales, working for more than 20,000 real estate establishments.
The third-largest city in New South Wales has plenty of estate agents to help you sell your home, but don’t be overwhelmed by the sheer number of agents. Complete the form above, and let us find the best real estate agent to help you sell or rent your property.
Modern real estate in Wollongong
According to the 2016 census, 94,399 occupied private dwellings can be found in Wollongong. Of these, 71.5% are separate houses, 13.1% are semi-detached, and 13.9% are flats or apartments.
Of late, the commercial property market in the Illawarra has been drawing attention from Sydney. Along with the Central Coast and Newcastle, residential property prices have seen a rise in prices, thanks to interest from property investors in Sydney looking for cheaper property to the south.
Commission structures in Wollongong can be divided into fixed or tiered commission, according to the terms that are negotiated with the agent. The agent commission rate in Wollongong is 2.44% on average, but commission rates may vary.
Live it up in the Gong
Wollongong has long been known as Sydney’s less bustling southern twin. The city boasts long stretches of pristine coastline, and locals often joke that you can find a beach for yourself by heading to the outskirts of the Gong. Naturally, an outdoor lifestyle is the norm here, and everything from surfing to skydiving reigns supreme.
Wollongong is the third-largest city in the state of New South Wales, and is a hub of heavy industry and port activity. The steel industry was established through an agreement by Charles Hoskins and the state government to build a steelworks at Port Kembla, and even today this industry, together with mining, is the most prominent in the area.
The settlement that laid the foundations for the city of Wollongong was established in 1815, and the Wollongong Harbour was built not too long thereafter to serve Wollongong and the Illawarra region. The harbour is graced by not one, but two lighthouses, and is the only harbour on the east coast to have an extra beacon.
Today, Wollongong is a lively city that can lay claim to numerous unique culinary, outdoor and cultural experiences, among the latter, the Illawarra Performing Arts Centre (IPAC), which can be found in the Wollongong Arts Precinct.