INVESTMENT INFORMATION POPULATION & DEMOGRAPHIC The City of Wollongong is forecast to see an increase of an additional 25,000 residents up to 2031. Primary occupation: Primary industry for employment: Median household income: 21% 15% $64,000 PROFESSIONALS HEALTH CARE & P.A. CORRIMAL SOCIAL ASSISTANCE Primary occupation: Primary industry for employment: Median household income: 21% 15% $70,000 PROFESSIONALS HEALTH CARE & P.A. ILLAWARRA SOCIAL ASSISTANCE LIVEABILITY & LIFESTYLE Streets Ice Cream company was founded in Corrimal in the 1930s by local milk bar owner Corrimal is located approximately 6km north of the Edwin Street. Wollongong CBD and 65km south of the Sydney CBD. Recreation facilities Connectivity Corrimal Memorial Park and Robert Ziems Park Direct connectivity to the Wollongong and Sydney are prominent recreation facilities in Corrimal. CBDs via the Princes Highway and Memorial Drive. Community facilities can be found at the Corrimal District Library and Community Centre and Corrimal station provides a direct rail connection with Corrimal Pool. The western half of the suburb both the Sydney CBD and Wollongong CBD. Journeys is characterised by native bushland part of the to Wollongong take 10 minutes while trips to Sydney’s Illawarra Escarpment State Conservation Area. Central Station take approximately 90 minutes. Retail offerings At present Corrimal is serviced by numerous bus routes which provide a connection to the Wollongong Corrimal contains two neighbourhood shopping CBD and other northern Illawarra suburbs. centres (Corrimal Park Mall and Lederer Shopping Centre) both comprise a supermarket and specialty stores. Additional retail offerings are located on the Princes Highway shopping strip. FROM WOLLONGONG HOSPITAL Employment opportunities 6km Wollongong CBD is the major employment centre within the region. Other key employers in the region include the University of Wollongong, DRIVE FROM Wollongong Hospital and the Port Kembla 1hr SYDNEY AIRPORT Steelworks (Bluescope). SUPPLY INDICATORS & CONSIDERATIONS Future dwelling supply in the local area will be in the form of apartment and townhouse +6,200 development. Total dwelling increase across the City of Wollongong over the 2006–2016 period. Apartments have greater appeal to renters: 82% 65% 68% of houses (the primary dwelling type) across Corrimal are owned CORRIMAL WOLLONGONG by the residents. RENTAL INDICATORS DWELLING MIX Over the last 10 years the City of Wollongong has An increase in the number of high-rise exhibited stronger rental growth than Greater developments across Corrimal would Sydney with housing rents growing at an average likely be accepted by the market. rate of 4.6% p.a while rents for units have grown at an average annual rate of 4.3% p.a. 10 year annual average rental growth (units) 63% DETACHED 4.3% 2.9% HOUSES CITY OF GREATER WOLLONGONG SYDNEY 20% MEDIUM Median weekly rent (units) DENSITY $365 $520 17% CITY OF GREATER UNIT WOLLONGONG SYDNEY DEVELOPMENT MARKET Median house prices across Wollongong’s INDICATORS northern suburbs are comparable to those across the outer suburbs of Sydney indicating, that there is a high level of HOUSING PRICE INDICATORS demand to reside in the Illawarra Region. Across the 2013 – 2018 period the median house price of Corrimal almost doubled, increasing from $450,000 to $862,500. Over the short-medium term, housing price growth across Corrimal has outpaced that observed across Metropolitan Sydney. UNIT PRICE INDICATORS New stock would likely trade at a significant premium when compared against stock presently on the market with prices for new 10-year ave annual house price growth: stock likely to be reflective of the City of Wollongong’s median unit price ($590,000). 6.7% CORRIMAL 10-year ave annual unit price growth: 6.5% 5.5% CITY OF WOLLONGONG CORRIMAL 5.6% 6.0% METRO SYDNEY CITY OF WOLLONGONG 5.1% Median house price (2019): METRO SYDNEY $722,500 CORRIMAL Median unit price (2019): $845,000 $590,000 METRO SYDNEY CITY OF WOLLONGONG SALES OFFICE PIONEER RD RAILWAY ST BELLAMBI CORRIMAL LAGOON SHOPPING RAILWAY ST CLAWAYST NATURE PARK CENTRE CORRIMAL RAILWAY STATION PRINCESS HWY MEMORIAL DR BEACH (DOG FRIENDLY) Sydney by car 75 min 88km (M1) Hume Highway 35 min 38km (B88) By Train to Sydney Central 90 min CORRIMAL, ILLAWARRA REGION Less than 400m away Corrimal Railway Station 4 min 350m Bus Stop 1 min Across the road Less than 1km Corrimal East Public School 8 min 1km Railway Street Medical Centre 6 min 450m Lederer Corrimal Shopping Centre (formerly Stockland) 6 min 450m Corrimal Park Mall 10 min 800m Corrimal Library & Community Centre 12 min 950m Short drive Bulli Hospital 7 min 5km Wollongong & Private Hospital 10 min 6.9km Wollongong CBD - Shops & Restaurants 9 min 6km Bellambi Surf Lifesaving Club 6 min 2.6km Towradgi Surf Lifesaving Club 4 min 2.3km DISPLAY APARTMENT OPEN Saturday and Sunday 10am–2pm | Monday 3pm–4:30pm Located on site at 54 Railway Street, Corrimal, 2518 Call Gabrielle Andrews on 0448 891 078 thevillageatcorrimal.com.au.