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Goolwa South, SA 5214

Home » SA Real Estate Data » Alexandrina Council, SA » Goolwa South, SA 5214

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 Goolwa South, SA 5214 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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Buy 

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Cashflow RCS™

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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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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM 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 “Goolwa South, SA 5214”

  1. The total adult population (15 years or older) of Goolwa South 5214 SA is 964, with a median age of 62. Of those, 47.20% are married, 19.29% are divorced or separated, 26.45% are single and 7.88% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $4,852. The median monthly mortgage repayment for households in this suburb is $1,134 which is 23.37% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb of Goolwa South, postcode 5214, is home to approximately 1183 households. Data for the third quarter of 2023 reveals that average house prices in Goolwa South are at $628,087. Paired with a median weekly rent of $465, this leads to an indicative yield of 3.85%, which is likely to appeal to cashflow-focused property investors.

    Reflecting the socio-economic standing of the population in the area, Goolwa South scores 908 out of a possible 1217 on the IRSAD index. This underscores that the residents of the suburb generally have reasonable access to economic resources, possibly comprising of moderate income levels and some skilled professions.

    Property market fundamentals are also beneficial for investment scenarios. A renter-to-owner ratio of 27%, suggests that the area is not oversaturated with rental properties, which in turn can maintain superior long-term returns and decrease competition against other investors. Additionally, a relatively low units-to-houses ratio at 3% implies that there is a low chance of the market becoming oversaturated with rental properties, thus providing potential for greater rental yields.

    However, the affordability index is 51 years, indicating a lower regard for this area among owner-occupiers due to the estimated lengthy duration to fully own a property. This could potentially impact the long-term growth prospects of the housing market in the suburb.

    Turning to supply metrics, both the stock on market Percentage and the inventory level for houses are positively low at 0.18% and 0.86 months respectively. This indicates a favourable low supply market. Meanwhile, the building approvals Ratio reiterates these conditions with a modest 1.1% of newly approved residential houses, indicating a low influx of new home properties.

    In terms of demand, the days on market for houses clock at an average of 47 days. While falling above the favourable 35 days, it is still a reasonable time frame, suggesting moderate demand. With a vacancy rate at just 1.24%, it further adds to the appealing investment conditions, demonstrating high demand and limited supply in the rental market.

    Finally, the buy search index for houses sits at 6, again indicating great demand for property in the Goolwa South area.

    In summary, while the high affordability index should be considered, Goolwa South exhibits several favourable investment conditions, especially for those focused on rental income. Always keep an eye on the market trends and consider the broader context to make the most informed and beneficial real estate investment choices.

    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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