Thirroul Property Market Report – December
- Joel Hynes
- Jan 14
- 3 min read
Market Overview
Thirroul, a picturesque coastal town located in the northern Illawarra region of New South Wales, is renowned for its stunning beaches, vibrant café culture, and relaxed lifestyle. Nestled between the Pacific Ocean and the escarpment, Thirroul offers a unique blend of natural beauty and convenience, with easy access to Sydney and Wollongong. The suburb attracts families, professionals, and retirees looking for a tranquil yet connected lifestyle.
December Market Trends
December saw a steady demand in Thirroul’s property market, with median property prices maintaining strong growth compared to previous months. Houses continued to dominate the market, with rising interest from both local and out-of-area buyers. The holiday season brought increased activity in coastal property inquiries, driven by lifestyle buyers.
Sales Data
Total Properties Sold
Number of properties sold: 18
Sales by Property Type
Houses: 12
Apartments: 5
Townhouses: 1
Median Sale Prices
Houses: $2,150,000
Apartments: $860,000
Townhouses: $1,200,000
Notable Sales
A beachfront home on Thirroul Beach sold for a record $4,800,000.
A newly renovated 3-bedroom house on Raymond Road fetched $2,500,000, highlighting the strong demand for move-in-ready properties.
2. Sales Volume by Property Type (December 2024)
Property Type | Number of Sales |
Houses | 8 |
Units | 5 |
Townhouses | 2 |
Rental Market Insights
Median Weekly Rent
Houses: $950
Units: $580
Vacancy Rates
Remained low at 1.3%, reflecting strong rental demand.
Rental Demand and Tenant Profiles The rental market saw high demand from young professionals and families relocating from Sydney, attracted by Thirroul’s lifestyle and community amenities.
3. Rental Yield Comparisons
Property Type | Median Sale Price | Median Weekly Rent | Annual Rental Yield |
Houses | $1,800,000 | $950 | 2.74% |
Units | $945,000 | $580 | 3.19% |
Buyer Trends
Key Demographics
Families seeking quality schools and a safe environment.
Professionals commuting to Sydney or Wollongong.
Investors targeting high rental returns and long-term capital growth.
Buyer Preferences
High demand for properties with ocean views or proximity to the beach.
Modern homes with energy-efficient features and outdoor entertainment spaces.
Median Property Price Trends (Last 6 Months)
Month | Median House Price | Median Unit Price |
July 2024 | $1,850,000 | $970,000 |
August 2024 | $1,840,000 | $965,000 |
September 2024 | $1,830,000 | $960,000 |
October 2024 | $1,820,000 | $955,000 |
November 2024 | $1,810,000 | $950,000 |
December 2024 | $1,800,000 | $945,000 |
Market Influencers
Economic and Seasonal Factors
Rising interest rates slightly tempered investor activity but had minimal impact on owner-occupiers.
The holiday season boosted inquiries from lifestyle buyers.
Local Developments
Upgrades to the Thirroul train station and surrounding infrastructure enhanced the suburb’s connectivity.
New cafés and boutique stores contributed to the area’s growing appeal.
Outlook for the Coming Months
Market Predictions
Continued strong demand for Thirroul properties, particularly in the $1.5M to $2.5M price range.
Increased interest in new developments and luxury homes.
Opportunities
Buyers: Potential to secure properties before competition intensifies in the autumn market.
Investors: Favorable rental yields and low vacancy rates make Thirroul a solid choice.
Renters: New rental listings are expected in the coming months as landlords prepare properties for the 2025 peak season.
Conclusion
Thirroul continues to stand out as a highly desirable coastal suburb, combining natural beauty, vibrant local amenities, and robust property market performance. December’s property data highlights steady demand, driven by both lifestyle buyers and investors seeking long-term growth and attractive rental yields. With low vacancy rates and consistently strong interest in high-quality homes, the suburb remains a prime location for families, professionals, and retirees alike.
Looking ahead to early 2025, the market is expected to stay competitive, offering ample opportunities for buyers and investors to capitalize on Thirroul’s unique appeal. Whether you are seeking your dream home by the coast or a promising investment opportunity, Thirroul’s property market is well-positioned for continued growth.
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