Over the last year, property investments in Goonellabah, 2480 have given investors a capital gain of 3.64%. This compares badly with the 7.28% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Goonellabah,2480 has racked up an average of 3.64% over the period. This ranks it number 2404th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Goonellabah is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 773th in terms of most discounted suburbs in NSW
Situated 590.08km from the CBD, Goonellabah is one of Lismore localities in the postcode 2480.
At number 1206th in the list of Australian suburbs ordered by increase in median house value over the last year, Goonellabah, 2480 is in the BOTTOM 40% with a property value increase of -1.31% recorded in median house prices.
Across a shorter period, Goonellabah, 2480 has seen a median price increase of -0.75% over the last quarter.
At number 372th of NSW’s most discounted properties, Goonellabah is in the TOP 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Goonellabah being $263500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.92%