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Goodwood, TAS 7010

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 Goodwood, TAS 7010 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 “Goodwood, TAS 7010”

  1. The total adult population (15 years or older) of Goodwood 7010 TAS is 932, with a median age of 35. Of those, 31.76% are married, 17.17% are divorced or separated, 46.35% are single and 5.36% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,472. The median monthly mortgage repayment for households in this suburb is $1,222 which is 22.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Text:

    Nestled within the state of TAS, the suburb of GOODWOOD 7010 is a vibrant community consisting of approximately 551 households. As of Q3 in 2023, the typical price for houses in this area stands at $516,050 AUD with a median weekly rent of $477 AUD. This results in an attractive indicative yield of 4.81%, surpassing the minimum requirement of cashflow-centered property investors, making it a suburb to watch.

    In terms of socio-economic status, GOODWOOD fares reasonably with an IRSAD score of 819 out of 1217, indicating a decent socio-economic environment. However, with a 51% renter to owner ratio, potential investors need to be aware of the high competition with other property investors and the possible risk involved due to the higher proportion of renters. This slightly overshadows the favourable units to houses ratio of 7% which implies less competition among landlords for tenants and potentially longer tenancy periods.

    Another crucial factor, the Affordability Index, stands at 37 years, indicating a comparatively lower affordability in the area. This might suggest that it might be more time consuming for homeowners to fully pay back their mortgages.

    Supply metrics, in comparison, appear favourable for investment. With a stock on market percentage of 0.2% and an inventory level of 0.86 months, GOODWOOD exhibits a low supply marker which is attractive to investors. building approvals ratio for houses here is 0.0% signalling very low supply, further affirming the opportunity for potential price growth due to high demand and limited new development.

    Days on Market for houses averages at 19 days, suggesting high demand and good turnover of properties. The combined vacancy rate for houses and units in the area is at a low 0.72%, implying a high demand and little supply, making it an enticing market for property investing. However, the buy search index for houses is at 3, indicating an average level of interest from potential buyers, so investors should maintain a careful eye on market changes.

    Thorough understanding of the property data in GOODWOOD and careful monitoring of market trends will provide the necessary insight for beneficial investment decisions. The mix of favourable and unfavourable elements in this area’s property market calls for astute examination of each metric and trend before proceeding with any investment moves.

    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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