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Googong, NSW 2620

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 Googong, NSW 2620 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Googong, NSW 2620”

  1. The total adult population (15 years or older) of Googong 2620 NSW is 5,351, with a median age of 32. Of those, 62.27% are married, 7.55% are divorced or separated, 28.95% are single and 1.21% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $13,736. The median monthly mortgage repayment for households in this suburb is $2,600 which is 18.93% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in New South Wales, the suburb of Googong 2620 boasts an estimated 3323 households. By the third quarter of 2023, the typical property price in Googong 2620 has reached a notable $1,064,872 AUD. This suburb experiences a median weekly rent of $738, generating an attractive indicative yield of 3.6%, positioning it just above the minimum threshold of what cashflow-centered property investors typically look for.

    Societally, the area scores 1149 on the Index of Relative Socio-economic Advantage and Disadvantage (IRSAD). This signifies a favourable socio-economic status, reflecting a population with strong access to economic resources and high income levels prevalent. In terms of rental market dynamics, the renter to owner ratio is a mere 18%, which is favourable and implies a market that poses less risk and competition for property investors.

    Additionally, Googong 2620 presents a significantly low units to houses ratio of just 1%, indicating a lack of over-saturation of rentals and less competition amongst landlords for tenants. This stands in optimising the potential for higher rental yields and longer tenancy durations. It also signifies a lessened risk of price drops in the event of a cooled market or regulatory changes.

    Turning our focus towards the affordability index, property ownership in this suburb demands an average duration of 30 years to fully repay a mortgage. Given this falls within the favourable bracket, it suggests a highly affordable market for potential residents.

    In analysing supply metrics, the stock on market Percentage for houses in Googong 2620 stands at a neutral level of 0.61%, suggesting a balanced market. The corresponding inventory level rests at a favourable level of 1.86 months, signifying a low supply market that can readily absorb new listings.

    Furthermore, the building approvals ratio for houses sits at a mild 0.55%, indicating a relatively steadied, low supply of new dwellings entering the market. Houses typically spent 55 days on the market, representing a neutral demand. The combined vacancy rate for both houses and units was 2.48%, signalling balanced levels of demand. With a buy search index of 3 for houses, this suggests a relatively neutral interest in purchasing within the suburb.

    To sum up, with its strong socio-economic status, favourable rental market dynamics and balanced supply-demand dynamics, Googong 2620 offers some solid foundations for real estate investment. However, astute investors would continue to keep an eye on market developments and trends aided by real estate data platforms like HtAG Analytics and their innovative RCS (Relative Composite Score) metric. The RCS will provide further insights into evolving market conditions and help investors make an informed decision.

    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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