Residential property ripe across Illawarra district: Herron Todd White

Residential property ripe across Illawarra district: Herron Todd White
Residential property ripe across Illawarra district: Herron Todd White

Residential property in the Illawarra district across all housing sectors is running hot at the moment, according to Herron Todd White.

Herron Todd White's October Month in Review stated strong capital growth has been sustained for the past 24 months through all residential suburbs and sales of new release land in Horsley, Flinders and Shell Cove remain strong.

"First home buyers and investors seeking out value are driving demand for product in the more affordable suburbs such as Cringila, Warrawong and Barrack Heights, with agents reporting very short sale periods," HTW said.

"Suburbs closer to the Wollongong CBD and associated infrastructure such as Figtree, Keiraville, Balgownie and Fairy Meadow are now mostly outside the price point of first home buyers and stock under $500,000 is hard to find.

"New infill housing in these suburbs is quickly snapped up by local owner occupiers looking to downsize as well as local and Sydney based investors chasing strong rental returns."

A quick guide to what’s hot (in our opinion):

Top end northern beaches

Wollongong Ring (Fairy Meadow, Balgownie, West Wollongong)

Lower end (Cringila, Warrawong, Barrack Heights)

Land in new estates (Horsley, Flinders, Shell Cove)

Unit blocks in one line

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Residential Sales Market News

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