The Eternal Appeal: Who Keeps Moving to the Illawarra and What Does It Mean for Property?

The Illawarra region, with its stunning coastline and vibrant community, has long been a desirable location for a diverse range of people. This blog post explores the three key groups of people moving to the area and what it means for the property market. We will look at Sydney sea-changers, students and staff for UOW and the hospital network, and young families from other parts of NSW.

Analysis of Demographic Streams

Sydney Sea-Changers

Sydney sea-changers are drawn to the Illawarra for its affordability and relaxed lifestyle. Suburbs like Thirroul, with its tree-change appeal, are particularly popular among this group. They are often looking for a better quality of life, away from the hustle and bustle of Sydney.

Students and Staff for UOW and the Hospital Network

The University of Wollongong (UOW) and the local hospital network attract a steady stream of students and staff to the region. These individuals seek proximity to education and employment opportunities, making suburbs like the Wollongong CBD a popular choice.

Young Families from Other Parts of NSW

Young families are attracted to the Illawarra for its family-friendly amenities and strong sense of community. Suburbs like Shellharbour, with its beautiful beaches and parks, are a major draw for this demographic.

Impact on Property Types

The steady demand from these diverse groups has a significant impact on the real estate market. Renovator's delights in Port Kembla are becoming increasingly popular, while competition for family homes in Figtree is fierce. This trend is expected to continue as the Illawarra's population grows.

Actionable Tips for Buyers

• Be prepared to act quickly. Properties in the Illawarra are selling fast, so it's important to have your finances in order and be ready to make an offer.

• Consider a buyer's agent. A local expert can help you navigate the competitive market and find the right property for your needs.

• Don't be afraid to think outside the box. Look at suburbs you may not have considered, or be open to a property that needs a little work.

Conclusion

The Illawarra's enduring appeal is clear. With its beautiful scenery, strong community, and growing opportunities, it's no wonder that so many people are choosing to make it their home. If you're thinking of buying in the Illawarra, get in touch to find out how we can help you on your property journey.