Suburb Profile Report for Goonellabah NSW (2480)

Goonellabah House: Median price $356,750, Annual capital growth 3.03%, Number of sales 219, Weekly median advertised rent $340

Goonellabah Unit: Median price $268,000, Annual capital growth 2.25%, Number of sales 55, Weekly median advertised rent $290

  • 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 0.49%. This compares very badly with the 7.93% for NSW as a whole.

While Goonellabah,2480 ranked number 1105th in NSW for increase in median house value (annualised) increase, it is ranked 1167th over the last 5 years.

Vendor discounting in Goonellabah is giving property investors an average Vendor Discount of around -4.75%. This puts suburb at number 740th in NSW when ranking the most discounted suburbs.

If you compare the increase in value of investment property in Goonellabah, 2480 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.13%.

When looking at the potential capital gains offered to property investors over the last 3 years, Goonellabah comes in at number 511th in NSW.

Vendor discounting in Goonellabah is giving property investors an average Vendor Discount of around -3.87%. This puts suburb at number 293th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Goonellabah the average time real estate has been on the market is 106.51 days.

The NSW suburb of Goonellabah, 2480 is in the Lismore local government area.

HOUSE UNIT
$356,750 $268,000
-1.59% -0.37%
0.49% 1.13%
3.03% 2.25%
$340 $290
219 55
4.96% 5.63%
104.46 106.51

Source: CoreLogic

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