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Goonellabah, NSW 2480

Home » NSW Real Estate Data » Lismore City Council, NSW » Goonellabah, NSW 2480

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Goonellabah, NSW 2480 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Goonellabah, NSW 2480”

  1. The total adult population (15 years or older) of Goonellabah 2480 NSW is 10,904, with a median age of 41. Of those, 40.33% are married, 15.13% are divorced or separated, 37.53% are single and 6.96% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,884. The median monthly mortgage repayment for households in this suburb is $1,560 which is 22.66% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Goonellabah 2480 is a bustling residential area, home to an estimated 6,487 households. As we delve into Q3 of 2023, property market specifics reveal that the typical price for houses in Goonellabah 2480 hovers around $656,240. With median weekly rents pegged at $576, the suburb presents an appealing indicative yield of 4.56%.

    Scrutinising the socio-economic landscape, Goonellabah carries an IRSAD score of 939 out of 1217, painting a relatively favourable socio-economic scope. Notably, the renter to owner ratio is positioned at 28%, a sign of a well-balanced property market. Moreover, the units to houses ratio stands at a mere 10%. This juxtaposition is an encouraging sign for property investors, indicating healthy competition and potential for higher rental yields due to a lower saturation of units.

    Delving into the affordability index, a value of 37 years emerges. This indicates a market where home ownership is more challenging due to the interplay of current interest rates, local income averages, and property prices.

    On the supply side, Goonellabah shows a stock on market Percentage for houses at a neutral 0.41%. This figures suggests that there is a balanced level of unsold properties relative to total dwellings in the suburb. Furthermore, the suburb boasts an inventory level for houses, a respectable 1.49 months, indicating a balanced market absorption rate.

    Spotlighting on new constructions, the Building Approval Ratio is placed at 0.72%, falling into the favourable range. This implies there isn’t an oversupply issue from new dwellings. However, with the average days on market for houses tallied at 58, this illustrates a slightly delayed turnover of properties, hinting at a more neutral buyer interest.

    Lastly, the suburb’s vacancy rate, combined for both houses and units, stands at a neutral 1.98%. The buy search index for houses is set at 3, picking out a slightly more limited buyer interest.

    In conclusion, Goonellabah 2480’s property market demonstrates some promising attributes. Despite certain limitations such as the high affordability index and a lower search index, the favourable IRSAD score, non-saturated unit market, and stable inventory invoke potential for good returns for savvy property investors. As is advisable, a discerning eye on market trends and an understanding of the comprehensive data is highly suggested.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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