Suburb Profile Report for Goonellabah NSW (2480)

Goonellabah House: Median price $356,000, Annual capital growth 3.16%, Number of sales 227, Weekly median advertised rent $340

Goonellabah Unit: Median price $265,500, Annual capital growth 2.20%, Number of sales 54, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Goonellabah have tracked lower than the NSW average of 7.15% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Goonellabah comes in at number 1193th in NSW.

Sellers are offering property buyers an average discount of -4.75% to buyers in Goonellabah at the moment, which is less than average for the rest of NSW.

With the median price for a house in Goonellabah being $356000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.97%

Goonellabah is in the bottom 30% in NSW when comparing median price capital growth over the last year. Goonellabah gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.19%.

Over the longer term, Goonellabah has seen property prices show investors a 1.63% return over the last 3 years. This is worse than over the last 12 months

Goonellabah2480 is located in NSW which offers an average discount of -4.48% to property investors. Goonellabah itself is showing figures that indicate -3.50% is the average achievable by property buyers investing in the suburb.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 2.20%.

HOUSE UNIT
$356,000 $265,500
-0.42% -0.93%
0.00% 0.19%
3.16% 2.20%
$340 $290
227 54
4.97% 5.68%
105.86 92.6

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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
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Recent sales & rentals