If you're looking to establish or grow your business, the last thing you need is additional headaches. Exorbitant rents, a squeeze on quality office space, and lengthy commutes are a drag anyone could do without.
It's why more businesses are choosing to grow smarter in Wollongong, with our city at the heart of the fastest growing region in NSW. Already boasting a 700,000-strong workforce within a one-hour commute, the region's population is expected to grow by 130,000 by 2041.
It promises massive growth in business and employment opportunities, with Wollongong City Council's Economic Development Strategy (2019-2029) setting an ambitious target of 10,500 net new jobs – with 96 per cent of the target achieved within the first five years.
Bucking nationwide trends, the past five years has seen a 50 per cent increase in A-Grade office space in the Wollongong city centre, available at half the rental price of premium office space in the Sydney CBD, and 30 per cent cheaper than office space in Parramatta.
It's part of a CBD that has benefitted from over $1.1 billion in investment, offering access to quality premises without lengthy commutes. Still just 70 minutes away from two major international airports, Wollongong provides all the perks of a major metropolitan centre, without the drawbacks.
The future promises further extensive growth, with BlueScope's Master Plan at Port Kembla to see a further 200 hectares of industrial land transformed - the largest industrial land transformation project on the eastern seaboard - to deliver a range of employment, environmental and community outcomes.
In launching Invest Wollongong's 2025 Investment Prospectus at the Property Council Outlook at the Fullerton Hotel in Sydney on Thursday morning, Lord Mayor of Wollongong Councillor Tania Brown said there's simply never been a better time to choose Wollongong.
"Projections show that Wollongong is the centre of the fastest-growing region in our state, and it's not surprising given its rare blend of opportunity and balance," Cr Brown said.
"We're so fortunate to live and work in a truly beautiful spot between the escarpment and the ocean, where businesses thrive, where satisfying work-life balance is the norm, and you won't spend half your time commuting to and from work.
"It's no secret, and we're increasingly seeing people choose Wollongong. Whether you're looking to invest, start a business, or relocate, Wollongong is ready to welcome you.
"Together, we're shaping a city where people and businesses can truly thrive."
You can view the full 2025 Wollongong Investment Prospectus here
