Suburb Profile Report for Goodwood SA (5034)

Goodwood House: Median price $845,000, Annual capital growth 4.07%, Number of sales 41, Weekly median advertised rent $555

Goodwood Unit: Median price $363,300, Annual capital growth 1.77%, Number of sales 20, Weekly median advertised rent $330

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

Property investors who have had real estate in Goodwood, 5034 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.29%

Over the longer term, Goodwood has seen property prices show investors a 28.03% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Goodwood itself are offering an average vendor discount of -1.92% to real estate investors.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

Goodwood is 315th on a list of best yielding suburbs for rents in SA with a 3.42% return

Goodwood has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.05% to date .

Comparing Goodwood,5034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Goodwood, 5034. Typically our figures indicate that -3.70% is being offered, which puts this SA suburb at 1176th most discounted overall in Australia.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.77%, investors should hope to achieve an overall return of 4.72%

Metrics i HOUSE UNIT
$845,000 $363,300
1.20% -6.85%
6.29% 2.05%
4.07% 1.77%
$555 $330
41 20
3.42% 4.72%
46.16 107.47

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2809
Median household income ($/weekly) 1396
Median age of persons 37
Median housing loan repayment ($/monthly) 1925
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 258 9.2
    25-34 years 510 18.1
    35-44 years 429 15.3
    45-54 years 358 12.7
    55-64 years 334 11.9
    Others 921 32.8
    Age Group
    Census Count Percent(%)
    Not Married 975 45.6
    Registered Married 902 42.2
    Defacto Relationship 262 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1832 70.4
    Croatia 87 3.3
    Hong Kong 107 4.1
    United Kingdom 148 5.7
    Other 116 4.5
    Others 312 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 2.0
    Christianity 1310 52.6
    Hinduism 39 1.6
    Islam 62 2.5
    No Religion 1004 40.3
    Others 26 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 105 9.7
    $1,000-$1,249 88 8.1
    $1,500-$1,999 137 12.7
    $2,000-$2,499 91 8.4
    $2,500-$2,999 125 11.6
    Others 536 49.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 929 40.4
    Not in the labour force 718 31.2
    Employed, worked part-time 494 21.5
    Unemployed, looking for work 93 4.0
    Employed, away from work 68 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 233 15.7
    Professionals 574 38.6
    Technicians & trades workers 120 8.1
    Clerical & administrative workers 193 13.0
    Sales 133 8.9
    Others 234 15.7
    Occupation
    Census Count Percent(%)
    Pre-school 36 5.4
    Infants/Primary 189 28.1
    Secondary 98 14.6
    Technical or Further Educational Institution 56 8.3
    University or other Tertiary Institutions 279 41.5
    Others 14 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1660 64.6
    Flat, unit or apartment 499 19.4
    Semi-detached, row or terrace house, townhouse 412 16.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 434 37.5
    Being purchased 363 31.4
    Fully owned 353 30.5
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals