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NSW › Bulli › George Ave

21 George Ave, Bulli NSW 2516

For saleHouse

$1,700,000–$1,800,000

For sale

Asking range

$1,655,000

Last sold

11 Apr 2025

3

Bedrooms

1

Bathrooms

1

Car spaces

739.8 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,700,000–$1,800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,700,000–$1,800,000(Listing record · 15 July 2026)
  • FactLand 740 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Bulli (last 5 years) with land size: median $2,975/m² of land (n=89). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 21% below the Bulli median recorded sale ($2,160,000, n=27, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Bulli's advertised median rent ($843/wk), implied gross yield would be 2.58% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned Low Density Residential (R2) under the Wollongong Local Environmental Plan 2009.(NSW ePlanning Spatial Viewer · 31 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

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

The ask against the evidence

Asking

$1,700,000–$1,800,000

Asking range · $2,298/m² of land

Last recorded sale $1,655,000 (11 Apr 2025).

Local land rate: recorded House sales in Bulli (last 5 years) with land size have a median of $2,975/m² of land (n=89). Districts calculation from recorded sales — not a valuation.

Bulli at a glance

6,902

People

$2,160,000

Median sale

$843/wk

Median rent

2.03%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Bulli report →

Vs Bulli

-21.3%

Median sale

Suburb $2,160,000

+0.55 pp

Gross yield

Suburb 2.03%

Suburb median $2,160,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,700,000
Stamp Duty (New South Wales)
$75,512
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,779,379

$79,379 on top of the price (4.7% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Bulli's advertised median rent — not a rent for this listing.

Net yield
1.08%
Annual cashflow (pre-tax)
$-70,064
Interest cover (DSCR)
0.21
Annual rent
$43,836
Operating expenses
$25,500
Loan amount
$1,360,000
Annual interest
$88,400
Gross yield
2.58%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning scheme

Wollongong Local Environmental Plan 2009

Zone

Low Density Residential

R2

Jurisdiction

Wollongong

Wollongong, NSW

Planning overlays

  • heightDetected
  • heritageNot detected

Planning constraints

  • 109

Development activity

Data unavailable

Source

  • Provider: NSW ePlanning Spatial Viewer
  • Dataset: Planning Portal Principal Planning — Land Zoning Map
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 101289976

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not detected — official

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

Property history

20252026$1.66m$1.7m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$1,700,000–$1,800,000available15 July 2026
  2. Sold$1,655,00011 Apr 2025
  3. Listedprice unknowncompleted27 Mar 2025
  4. Listedprice unknowncompleted27 Mar 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 745 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $843/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

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 745 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.

Read more

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

What is known for this property

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

    Knownmedium

    Zoned Low Density Residential · R2 (Wollongong Local Environmental Plan 2009). Official parcel area about 745 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

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 745 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

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Bulli in one glance

Bulli at a glance

6,902

People

$2,160,000

Median sale

$843/wk

Median rent

2.03%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Bulli report →

Keep researching

  • Why Bulli? Read the area thesis →
  • What else is on the market in Bulli →
  • Other records on George Ave →

Listing material

Listed by McNeice X

Hillside Retreat

privacy | lifestyle | serenity

Set in a peaceful elevated position with a beautiful northerly aspect, this beautifully renovated cottage delivers a private retreat surrounded by lush greenery and sweeping foothill views. Blending timeless character with thoughtful modern updates, the home offers effortless indoor–outdoor living, resort-style entertaining and a relaxed lifestyle setting designed for families seeking both comfort and convenience.

what you will love…

Read the full description

> elevated position capturing beautiful northerly light and peaceful foothill views

> beautifully renovated cottage blending timeless character with modern finishes

> open plan living flowing seamlessly outdoors through stacker doors

> designer kitchen with premium appliances and butler's pantry

> integrated laundry plus additional second laundry for functionality

> three comfortable bedrooms, two appointed with built-in wardrobes

> spacious main bathroom with oversized bath, dual vanity and separate shower

> heated balinese-inspired swimming pool with adjoining gas spa

> expansive covered entertaining area designed for year-round enjoyment

> two separate timber decks overlooking terraced lawns and gardens

> fully fenced low-maintenance yard framed by established palms and greenery

> ducted air conditioning, rooftop solar and instant gas hot water system

> secure single garage with excellent additional outdoor functionality

> peaceful lifestyle setting offering privacy while remaining conveniently located

> council = $3,137 pa, water = $808 pa, land size = 740 sqm

Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, and McNeice X makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.

Listing description written by Troy McNeice, McNeice X — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.