Goonellabah

POSTAL CODE: NSW, 2480

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 5.71% capital gain.

Property investors in GOONELLABAH enjoyed capital gains of 9.63% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $740,000.

Profits due to an upward trend in home prices there averaged 1.9% per annum over a 3-year period.

Home owners selling their properties and realtors in GOONELLABAH usually have to wait an average of 66.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.36% increase in returns based on the current median price in GOONELLABAH.

GOONELLABAH, 2480 places 293rd in Australia based on median property value growth during the quarter.

Property investors in GOONELLABAH enjoyed capital gains of 14.11% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GOONELLABAH are low, as opposed to average gains per annum over the past five years.

GOONELLABAH posted a 4.97% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $500 mark, reflecting a 4.56% increase in returns based on the current median price in GOONELLABAH.

GOONELLABAH, 2480 ranks 84th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

GOONELLABAH ranks 196th on the list of best yielding suburbs for rental properties in NSW, posting a 4.56% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$740,000	$570,000
Growth Report
Median Quarterly	4.23%	6.54%
Median 12 month	9.63%	14.11%
Median 3 years	5.71%	4.97%
Median 5 years	67.23%	56.7%
10 years average annual	8.05%	8.5%
Weekly media advert. rent	$620	$500
Time on Market	66.4 days	82 days
Gross Rental Yield Percent	4.36%	4.56%

Demographics (Median Values)*

Total Population 44599

Weekly Household Income 1069

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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