Bulli Property Market Report – December
- Joel Hynes
- Jan 15
- 3 min read
Market Overview
Bulli, a charming suburb located just north of Wollongong in New South Wales, is celebrated for its pristine beaches, historic charm, and strong sense of community. Positioned between the Illawarra Escarpment and the Pacific Ocean, Bulli offers residents breathtaking coastal views, excellent schools, and a laid-back lifestyle. Its proximity to Wollongong and Sydney makes it a favourite choice for families, professionals, and retirees seeking a balance of convenience and tranquillity.
December Market TrendsThe Bulli property market remained active in December, with steady demand across all property types. Median property prices showed resilience, supported by sustained interest from lifestyle buyers and investors. The holiday season spurred inquiries for beachside properties, while well-presented family homes saw competitive activity.
Sales Data
Total Properties Sold
Number of properties sold: 20
Sales by Property Type
Houses: 14
Apartments: 4
Townhouses: 2
Median Sale Prices
Houses: $1,950,000
Apartments: $780,000
Townhouses: $1,100,000
Notable Sales
A luxury beachfront home on Bulli Beach sold for $4,500,000, showcasing the demand for premium properties.
A recently renovated 4-bedroom house on Farrell Road achieved $2,200,000, reflecting buyers' preference for modern, move-in-ready homes.
Sales Volume by Property Type (December 2024)
Property Type | Number of Sales |
Houses | 14 |
Units | 4 |
Townhouses | 2 |
Rental Market Insights
Median Weekly Rent
Houses: $890
Units: $560
Vacancy Rates
Maintained at a low 1.5%, underscoring strong rental demand.
Rental Demand and Tenant ProfilesThe rental market remained robust, driven by young families and professionals relocating from Sydney. Bulli’s mix of quality schools, recreational amenities, and convenient transport links attracted diverse tenant profiles.
Rental Yield Comparisons
Property Type | Median Sale Price | Median Weekly Rent | Annual Rental Yield |
Houses | $1,950,000 | $890 | 2.37% |
Units | $780,000 | $560 | 3.73% |
Buyer Trends
Key Demographics
Families seeking spacious homes with proximity to schools and parks.
Professionals commuting to Sydney or Wollongong.
Investors focus on high rental demand and long-term growth potential.
Buyer Preferences
High demand for properties close to the beach or offering scenic views.
Modern homes with open-plan designs and eco-friendly features.
Median Property Price Trends (Last 6 Months)
Month | Median House Price | Median Unit Price |
July 2024 | $1,970,000 | $790,000 |
August 2024 | $1,960,000 | $785,000 |
September 2024 | $1,950,000 | $780,000 |
October 2024 | $1,940,000 | $775,000 |
November 2024 | $1,930,000 | $770,000 |
December 2024 | $1,920,000 | $765,000 |
Market Influencers
Economic and Seasonal Factors
The recent stabilization of interest rates provided confidence to both buyers and investors.
Seasonal demand during the holiday period heightened interest in coastal properties.
Local Developments
Planned upgrades to local parks and transport infrastructure are expected to enhance Bulli’s livability.
The growth of local businesses and dining options continues to elevate Bulli’s profile as a lifestyle destination.
Outlook for the Coming Months
Market Predictions
Bulli’s property market is anticipated to remain steady, with demand concentrated in the $1.5M to $2.5M price range.
Continued interest in sustainable and energy-efficient homes.
Opportunities
Buyers: A favourable time to secure properties before anticipated price increases in mid-2025.
Investors: Strong rental yields and a low vacancy rate offer attractive investment opportunities.
Renters: New rental listings are anticipated as property owners respond to heightened demand.
Conclusion
Bulli’s property market continues to thrive, underpinned by its idyllic coastal setting, growing local amenities, and strong demand from diverse buyer groups. December’s data highlights a resilient market with opportunities for buyers, investors, and renters alike. With competitive pricing, robust rental yields, and promising infrastructure developments on the horizon, Bulli remains a standout destination for those seeking a balanced coastal lifestyle.
Looking forward to early 2025, Bulli’s market is well-positioned for growth, making it an ideal time to explore opportunities in this sought-after suburb.
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