Fairy Meadow at a glance
7,802
People
$1,435,000
Median sale
$702/wk
Median rent
2.54%
Suburb gross yield
Median sale from 32 recorded sales (last 12 months) — a Districts calculation.
NSW › Fairy Meadow › Mcmahon St
$1,400,000
Last sold
23 Apr 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
923 m²
Land
217 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,400,000
23 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in Fairy Meadow (last 5 years) with land size have a median of $2,154/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Fairy Meadow at a glance
7,802
People
$1,435,000
Median sale
$702/wk
Median rent
2.54%
Suburb gross yield
Median sale from 32 recorded sales (last 12 months) — a Districts calculation.
Vs Fairy Meadow
-2.4%
Median sale
Suburb $1,435,000
+0.07 pp
Gross yield
Suburb 2.54%
Suburb median $1,435,000 from 32 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Wollongong Local Environmental Plan 2009
Zone
Low Density Residential
R2
Jurisdiction
Wollongong
Wollongong, NSW
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 933 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $702/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 933 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 933 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 933 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Fairy Meadow at a glance
7,802
People
$1,435,000
Median sale
$702/wk
Median rent
2.54%
Suburb gross yield
Median sale from 32 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White WollongongHeld by the same family for over half a century, 1 McMahon Street is a hidden gem that combines the nostalgic, soul-warming feel of a mountain retreat with the coastal convenience of Fairy Meadow.
From the moment you walk through the door, the outside world fades away. The interior radiates a warm, cozy "log cabin" aesthetic, defined by rich textures and an inviting atmosphere. Imagine winter nights gathered around the crackling fireplace, the central focal point that brings a sense of rustic luxury to the living space.
While the home retains its timeless character, the beautifully renovated bathroom & kitchen adds a touch of contemporary elegance, ensuring you don't have to sacrifice style for charm.
Set on a sprawling 923sqm flat block with an impressive 16.8m frontage, the outdoor offerings are just as impressive as the indoors with development potential STCA.
Massive workshop/man cave provides the perfect sanctuary for projects, hobbies, or additional storage. The property features a granny flat/studio, presenting a fantastic dual income opportunity or a private space for extended family, guests, or a home business.
The grounds are a sea of green, lush, private, and meticulously cared for, offering a park-like serenity that is nearly impossible to find in such a central location.
Positioned in one of Fairy Meadow's most sought-after pockets, this home offers exceptional convenience just moments from the suburb's best amenities. Enjoy the vibrant Illawarra café culture right at your doorstep, perfect for a morning coffee or weekend brunch, while the University of Wollongong and Wollongong TAFE are easily accessible nearby. Ideal for families, the property is within walking distance to five public schools and two high schools, with everyday shopping made simple thanks to Coles, Woolworths and Aldi all just down the road. Commuting is effortless with Fairy Meadow Train Station, local bus stops and the free shuttle bus close by, while a short trip leads you to the pristine sands of Fairy Meadow Beach and the scenic cycleways of Puckeys Estate.
Property Highlights:
• Expansive 923sqm Level Block with 16.8m frontage - perfect for future development (STCA)
• Rustic Interior featuring a cozy fireplace and unique "log cabin" vibe
• Large Man Cave/Workshop
• Versatile studio/granny flat or teenage retreat
• Dual Income Potential for the savvy investor
• First time on the market in 50+ years
Whether you want to move in and enjoy the cozy cabin vibes, rent out the additional spaces for dual income, or capitalize on the massive land size for a brand-new project, the choice is yours. This is an opportunity half a century in the making.
Listing description written by Chris Talakovski, Ray White Wollongong — reproduced as published, not verified by Districts.
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