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2 Frederick Street
Wollongong NSW 2500

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 128m2
Land area: 1063m2
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CBD Fringe Development Site - Must be Sold

Currently Approved for a 67 Room Boarding House, with a DA in place until 2025
* Site: 1063 SQM (Approximately)
* VGM 16.76X65.84
* Zoning: R1
* FSR: 1.5 : 1
OR Re-design as 8-10 Town House Development.
Only metres Wollongong railway station and both public and private hospitals, CBD and mall precinct.
The property currently consists of a well maintained 3 bedroom brick residence, with a current lease in place achieving $780 per week.

Property Details for 2 Frederick St, Wollongong

Building Type
Commercial
Floor Size
128m2
Land Size
1063m2

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About Wollongong 2500

The size of Wollongong is approximately 5.9 square kilometres. It has 28 parks covering nearly 23.4% of total area. The population of Wollongong in 2011 was 16,716 people. By 2016 the population was 18,454 showing a population growth of 10.4% in the area during that time. The predominant age group in Wollongong is 20-29 years. Households in Wollongong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollongong work in a professional occupation. In 2011, 39.6% of the homes in Wollongong were owner-occupied compared with 39.6% in 2016.

Wollongong has 15,557 properties. Over the last 5 years, Houses in Wollongong have seen a 55.95% increase in median value, while Units have seen a 34.40% increase. As at 31 October 2024:

  • The median value for Houses in Wollongong is $1,156,901 while the median value for Units is $756,585.
  • Houses have a median rent of $620 while Units have a median rent of $600.
There are currently 120 properties listed for sale, and 81 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 708 properties were sold in the past 12 months in Wollongong.

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Dan Hall
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Raine & Horne Commercial Wollongong
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