Insights H1 2025 | 37 Mathew Ivanoff of Commercial Wollongong says he is seeing a degree of caution across both the sales and leasing markets. On the plus side, the industrial market has seen a slight decline in rates in the last quarter, which may add value for buyers and tenants. Mathew said calls for the State and Federal Governments to jointly fund a business case for the Macarthur-Kembla Link, a dual-track freight and passenger rail line to connect to Port Kembla into the Western Sydney Aerotropolis, could be a game-changer. “Any strategies that strengthen the connections between the Illawarra and rapidly expanding Western Sydney would create significant economic opportunities and benefit both local commercial and residential property markets.” Mathew Ivanoff mathew@rhw.com.au Wollongong Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $350-$350 $250-$300 $450 Vacancy 12% 1.5% 7% Yields 7.5-8% 6% 4% Rates p/m² $6,500 $1,350 $7,000 Current market conditions $2,170,000 247 Nolan Street, Unanderra Recent Notable Transactions SOLD $540,000 p.a. + GST B/25 York Place, Woonona LEASED
RkJQdWJsaXNoZXIy MTI3ODI1