Suburb Profile Report for Goonellabah NSW (2480)

Goonellabah House: Median price $370,000, Annual capital growth 3.40%, Number of sales 247, Weekly median advertised rent $350

Goonellabah Unit: Median price $263,500, Annual capital growth 2.41%, Number of sales 71, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$370,000 $263,500
1.65% -0.75%
3.64% -1.31%
3.40% 2.41%
$350 $300
247 71
4.92% 5.92%
101.31 83.23

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 12537
Median household income ($/weekly) 958
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1647 13.1
    25-34 years 1481 11.8
    35-44 years 1468 11.7
    45-54 years 1662 13.3
    55-64 years 1576 12.6
    Others 4704 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 4301 47.0
    Not Married 3933 43.0
    Defacto Relationship 913 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 11049 91.7
    Japan 74 0.6
    Papua New Guinea 103 0.9
    United Kingdom 313 2.6
    Other 133 1.1
    Others 376 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 111 1.0
    Christianity 9088 78.4
    Islam 24 0.2
    Other Religious Groups 79 0.7
    No Religion 2259 19.5
    Others 31 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 641 14.5
    $600-$799 538 12.2
    $800-$999 476 10.8
    $1,000-$1,249 479 10.9
    $1,500-$1,999 525 11.9
    Others 1755 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3856 39.7
    Employed, worked full-time 3188 32.8
    Employed, worked part-time 1953 20.1
    Unemployed, looking for work 410 4.2
    Employed, away from work 301 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1053 19.3
    Technicians & trades workers 740 13.6
    Clerical & administrative workers 800 14.7
    Sales 735 13.5
    Labourers 657 12.1
    Others 1457 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 254 8.0
    Infants/Primary 1056 33.4
    Secondary 882 27.9
    Technical or Further Educational Institution 316 10.0
    University or other Tertiary Institutions 573 18.1
    Others 77 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10175 86.4
    Semi-detached, row or terrace house, townhouse 796 6.8
    Flat, unit or apartment 778 6.6
    Caravan, cabin, houseboat 13 0.1
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1671 35.3
    Being purchased 1593 33.7
    Rented 1430 30.2
    Other tenure type 38 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals