SOLD
Sold on 25 Jul 2024 for $1,716,000

7/63 Market Street
Wollongong NSW 2500

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 237m2
Land area: 991m2
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Property Details for 7/63 Market St, Wollongong

Building Type
Commercial
Floor Size
237m2
Land Size
991m2
Local Government
Wollongong
Lot/Plan
7/SP50589

Last Listing description (March 2018)

Substantial unit of 248sqm + 13sqm balcony
Quality tenant on 3 year lease, expiring in 2020
Net return of $72,767 pa (+GST)

Two basement car spaces on title
Top notch position in the hearth of the City

*All figures approximate

Property History for 7/63 Market St, Wollongong, NSW 2500

A timeline of how this property has performed in the market
Last Sold
$1,716,000
25 Jul 2024
Listed for Rent
$1.54k/w
07 Jan 2009
  • 25 Jul 2024
    Sold for $1,716,000
  • 16 Oct 2017
    Sold for $1,250,000
  • 23 Sep 2017
    Listed for Sale Not Disclosed
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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 15,649 properties. Over the last 5 years, Houses in Wollongong have seen a 52.28% increase in median value, while Units have seen a 36.56% increase. As at 31 August 2024:

  • The median value for Houses in Wollongong is $1,123,658 while the median value for Units is $768,766.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 98 properties listed for sale, and 79 properties listed for rent in Wollongong on OnTheHouse. According to CoreLogic's data, 744 properties were sold in the past 12 months in Wollongong.

Suburb Insights for Wollongong 2500

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.