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Sold: Wollongong NSW

Sold: Wollongong NSW

5.95% return  1 Bedrooms 1 Bathrooms 1 Garage

Quest Wollongong apartments are located in the heart of a major regional city only 85 kilometres south of Sydney and 1 hr drive from Sydney Airport. 

Wollongong has a leading shopping & entertainment precinct with an abundance of restaurants,  cafes and enviable sublime coastline featuring 17 surf beaches, ocean rock pools and scenic lookouts. Currently experiencing unparalleled growth with 700 million worth of major developments to the cities CBD including:

  • Council’s $19.4M refurbishment of the Crown Street Mall.
  • GPT’s $200M West Keira shopping development.
  • Expansion of Wollongong Public Hospital – $134M.
  • Establishment of new Wollongong Private Hospital – $120M
Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
Lot 14 SOLD 1 6.05% $378 $19,663
Lot 24 SOLD 2 6.06% $475 $24, 705
Lot 18 SOLD 2 6.03% $434 $22,602

Lease Terms: To June 2020 plus 4 x 5 year options (to 2040)
Built-in annual 4% rent increases all the way to 2020

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