Wollongong market overview
Wollongong is the third-largest city in NSW with a population of around 215,000 across the Illawarra. The University of Wollongong drives steady rental demand across North Wollongong, Keiraville and Gwynneville, while waterfront and CBD apartment development keeps inner-city stock refreshed.
Port Kembla and surrounding Wollongong industrial precincts support a deep commercial and industrial property market across the Illawarra, with steady commercial office activity in the Wollongong CBD and growing suburban retail demand from Shellharbour through to Kiama.
Tax Depreciation for Wollongong property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Wollongong property under Division 43 Capital Works (the building shell, claimable at 2.5% p.a. for 40 years where construction commenced after 15 September 1987) and Division 40 Plant & Equipment (carpets, blinds, hot water systems, air conditioning, common-property assets, and more).
For residential property acquired after 9 May 2017, the s40-27 second-hand restriction limits Division 40 deductions to first-use assets - we model this explicitly. Capital works (Division 43) remain fully deductible regardless. Commercial property and qualifying short-stay accommodation businesses retain the full Division 40 deduction.
Sub-markets we cover
- Inner Wollongong & university - Wollongong CBD, North Wollongong, Keiraville, Gwynneville, Fairy Meadow
- Northern Illawarra - Thirroul, Bulli, Corrimal, Bellambi, Woonona
- Southern Illawarra - Shellharbour, Albion Park, Kiama, Warilla, Oak Flats
- Industrial & port - Port Kembla, Unanderra, Berkeley, Cringila
