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Goomeri, QLD 4601

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 Goomeri, QLD 4601 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 “Goomeri, QLD 4601”

  1. The total adult population (15 years or older) of Goomeri 4601 QLD is 565, with a median age of 52. Of those, 43.19% are married, 18.94% are divorced or separated, 30.09% are single and 7.79% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,748. The median monthly mortgage repayment for households in this suburb is $867 which is 18.26% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Goomeri, with the postal code 4601, is nestled in the heart of Queensland. The region is characterised by approximately 655 households that contribute to a welcoming and community-oriented ambience.

    As we venture into the third quarter of 2023, the price of houses in Goomeri is typically pegged at $230,555. Houses in this suburb draw a median weekly rent of $252, which in-turn produces an attractive indicative yield of approximately 5.68%. This yield outperforms the minimum market requirement of 3%, indicating strong prospective returns for cashflow-driven investors to this market.

    Goomeri holds an IRSAD score of 840 out of 1217, suggesting moderate socio-economic conditions. Residents display reasonable access to economic resources with the suburb exhibiting a decent standard of living. The renter to owner ratio stands at 30% which outlines a balanced market landscape, devoid of rental oversaturation, thereby offering stable long-term gains.

    In the mix of property types, units only comprise 1% of the property market – presenting a favourable scenario for landlords, with less competition for tenants and potentiating higher rental yields. It’s a favourable market dynamic that potentially attracts more families, who are generally associated with longer tenancy periods.

    Regarding property affordability, Goomeri ranks favourably with an index of 19 years – considerably less than the benchmark of 30 years. This implies that properties here are within financial reach of many families, making the area an inviting destination for potential homeowners.

    From a supply perspective, Goomeri has a low stock on market Percentage for houses at 0.15% and an inventory level of just 0.67 months, reflecting the rapid absorption of new listings. Essentially, this fast-moving market environment implies that supply is low and properties listed for sale are being snapped up quickly – an appealing factor from the property investor’s viewpoint.

    One thing to note is that the building approvals Ratio for houses stands at 0%, suggesting that there may not be an immediate addition to the supply of new dwellings. This may lend stability to property prices in the near term.

    Looking at demand, the days on market (DoM) for houses is 106. While this is slightly higher than the ideal, it’s not abnormal when considering it in conjunction with the low vacancy rate of 0.51%. This low vacancy rate signifies strong demand and indicates an opportunity for property investors who want dependable rental income. Further underlining this demand is the buy search index for houses, which comes in at a moderate value of 4.

    In summary, despite a somewhat lukewarm days on market figure, Goomeri presents as a sound investment opportunity with positive property fundamentals, coupled with low supply and strong demand factors. As a prudent property investor, one should consider keeping Goomeri on the watchlist, while also considering the Relative Composite Score (RCS) of this suburb, which incorporates an overview of 80 other metrics, for a comprehensive investment diligence.

    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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