Wollongong offers the lowest costs for professional service businesses and that paints an exciting picture for the future, according to Wollongong City Council economic development manager Mark Grimson.
Mr Grimson sites data from a recent survey that reveals Wollongong's CBD is set to rival Parramatta, Sydney CBD and Melbourne CBD as the newest magnet for talent and businesses operating in areas such as finance, accounting, HR, administration and IT.
Off market sales became popular when Sydney’s property market was white hot.
Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.
That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.
Buyers have been given a behind-the-scenes tour of the Signature Wollongong apartment building, which is still under construction.
Illawarra house prices have continued to fall, but there may be signs that "things are turning around", a leading economist says.
In October 2018 the NSW Parliament passed a series of amendments to the Residential Tenancies Act 2010, which are designed to increase protection and certainty for renters, while ensuring that landlords can protect their investment and effectively manage their properties.