North Wollongong at a glance
2,424
People
$1,057,108
Median sale
$642/wk
Median rent
3.16%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › North Wollongong › Ajax Ave
4
Bedrooms
2
Bathrooms
2
Car spaces
547 m²
Land
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in North Wollongong (last 5 years) with land size have a median of $1,829/m² of land (n=10). Districts calculation from recorded sales — not a valuation.
North Wollongong at a glance
2,424
People
$1,057,108
Median sale
$642/wk
Median rent
3.16%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
Wollongong Local Environmental Plan 2009
Zone
Low Density Residential
R2
Jurisdiction
Wollongong
Wollongong, NSW
Not detected
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 2 Sept 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 568 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 $642/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 568 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.
4 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 568 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?
KnownmediumNo 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
KnownmediumNo development applications were returned for this parcel. That is not a statement about nearby lots.
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
North Wollongong at a glance
2,424
People
$1,057,108
Median sale
$642/wk
Median rent
3.16%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ianni & Co. PropertySet on a 547m2 corner block with a sunny backyard in a convenient North Wollongong location. This is an exceptional opportunity for the savvy investor and keen renovator. Representing exceptional value for money, opportunities like this are few and far between.
This central location is highly sought after amongst tertiary students, being an easy 1.6km walk, cycle or free shuttle bus to the nearby Innovation Campus and University of Wollongong. Prime location, opposite Wollongong PCYC and Wollongong Olympic Soccer Field with easy access to a multitude of public transport options, including North Wollongong Train Station which is only 500m away.
This home offers an incredible return on investment, leased at $700 per week with the property previously leased at $900 per week without the granny flat included.
This period home features:
- Four bedrooms plus study, and self-contained studio.
- Spacious master bedroom with built in wardrobes.
- Living and dining rooms plus additional sun room overlooking the back yard.
- Undercover deck is perfect for entertaining for those summer BBQ's out the back in the sun.
- Fully fenced, level grassed yard with room aplenty for activities.
- Single car space plus additional off-street parking.
- 547 sqm corner block with separate access to self-contained studio from the street
- Tenanted until 19th June 2023 at $700 per week with rental potential of $850 - $950 per week
All the spoils of North Wollongong are right at your doorstep, within a level 1km walk!
Take a morning run along the shared pathway, heading North past beautiful Stuart Park, or head straight for the Blue Mile, indulging in a refreshing swim at the Continental Baths, or Sunday brunch at Diggies. Sneaky Summer afternoon aperitifs can be enjoyed at popular North Wollongong Hotel, which is a short 300m away.
This home offers a solid return on investment, and is currently tenanted until 19th June 2023. Alternatively, if you love a good project, this is the perfect opportunity to indulge your renovator skills, where your imagination is the only limit. With a highly convenient North Wollongong locale and options galore, this home reflects exceptional value for the clever renovator or investor alike.
This is an extraordinary opportunity, not to be missed!
Listing description written by James Ianni, Ianni & Co. Property — reproduced as published, not verified by Districts.
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