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Goodna suburb profile

Goodna is a suburb located in the City of Ipswich, Queensland, approximately 20km southwest of Brisbane's CBD. Known for its rich history and diverse community, Goodna offers a blend of suburban living with easy access to urban amenities. The suburb is well-served by public transport, including a train station on the Ipswich line, making it convenient for commuters. Goodna is home to several parks and recreational areas, providing ample opportunities for outdoor activities. With a mix of heritage homes and modern developments, Goodna appeals to families, professionals, and investors seeking a community-oriented lifestyle with growth potential.

Goodna property market performance

Goodna's property market has experienced significant growth over the past 12 months, with both houses and units seeing substantial increases in value. House values have surged by 25.9%, while unit values have risen by 26.6%. The median house price over the past three months has averaged $606,000, and units have averaged $415,000, indicating strong demand in the area.

Sales activity has been robust, with 45 houses and 11 units sold in the past three months. Properties are moving quickly, with houses spending a median of just 13 days on the market and units 16 days, reflecting a competitive market environment.

The rental market in Goodna has also seen notable changes, with house rents increasing by 10.9% and unit rents by 13.8% over the last 12 months, highlighting a strong demand for rental properties in the suburb.

Median price - houses$628KPast 3 months

Median price - units$415KPast 3 months

Change in value - houses23.5%12 months

Change in value - units27.0%12 months

Houses sold42Past 3 months

Units sold6Past 3 months

Median DOM - houses14Past 12 months

Median DOM - units16Past 12 months

Average rent - houses$515Past 12 months

Average rent - units$470Past 12 months

Change in rent - houses7.3%Past 12 months

Change in rent - units17.5%Past 12 months

Goodna demographics

Goodna, located in the City of Ipswich, Queensland, is a suburb that offers a blend of suburban charm and accessibility to urban amenities. With a population of 10,391, it is a community that caters to a diverse range of residents, from families to young professionals. The median age of 33 suggests a youthful and dynamic population, with many families choosing to settle here due to its family-friendly environment and proximity to schools and parks.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 50.2% of the housing market. This high rental rate indicates Goodna's appeal to those seeking flexible living arrangements, including young families and individuals who prefer renting over homeownership. Meanwhile, 20.2% of properties are owned outright, and 29.5% are owned with a mortgage, reflecting a stable community with a mix of long-term residents and new homeowners.

Family dynamics in Goodna are diverse, with couple families with children making up 41.1% of the population, highlighting the suburb's appeal to families. Additionally, one-parent families constitute 28.3% of the community, indicating a supportive environment for single-parent households. The suburb's median total household income of $1,337 per week aligns with its affordable living standards, making it an attractive option for those seeking a balanced lifestyle with access to both urban and natural attractions.

Goodna infrastructure, key developments and investment opportunities

Goodna is experiencing several developments that could impact its property market. The ongoing renovation of St Ives Shopping Centre is set to enhance local retail and lifestyle amenities, potentially increasing the area's appeal to residents and investors. Additionally, the suburb's strategic location between Brisbane and Ipswich, coupled with its designation as a major activity centre and transport-oriented development area, positions it for future growth and infrastructure improvements.

The suburb's proximity to the Brisbane River and extensive parklands, including the Pan Pacific Peace Gardens, contributes to its livability. Recent infrastructure upgrades, such as road improvements and street light refreshments, demonstrate ongoing local council investment. With a trend of gentrification and an influx of young professionals and families, Goodna's property market is showing signs of upward movement, with median house prices increasing and properties spending less time on the market compared to previous years.

Goodna rental market trends

The rental market in Goodna has experienced notable growth, with house rents increasing 10.9% over the past year to $510 per week, while unit rents have surged 13.8% to $455 per week. This upward trend reflects strong demand and investment potential, making Goodna an attractive option for both renters and investors seeking value in the Queensland market.

Suburbs near Goodna

Some popular suburbs near Goodna include:

Common questions about Goodna

  • Is Goodna a nice place to live?

    Goodna is a charming suburb that offers a delightful blend of suburban tranquility and urban convenience, making it a pleasant place to call home. With its rich history and vibrant community, Goodna exudes a welcoming atmosphere that appeals to families and individuals alike. The suburb is well-connected, with excellent public transport options, including a train station that provides easy access to Brisbane's CBD, making it an ideal location for commuters. Residents enjoy a variety of amenities, from local shops and cafes to nearby larger shopping centers, ensuring that all essentials are within reach.

    Families will find Goodna particularly appealing due to its family-friendly environment and access to quality schools and parks. The suburb's green spaces, such as the Pan Pacific Peace Gardens, offer plenty of opportunities for outdoor activities and relaxation, contributing to a healthy and active lifestyle. Safety is generally not a major concern, and the community-oriented vibe fosters a sense of belonging among residents. While Goodna may not have the bustling nightlife of inner-city areas, it compensates with a strong community spirit and a peaceful living environment.

    However, living in Goodna does come with some trade-offs. While the suburb is experiencing growth and development, which is a positive sign for future property values, it may also lead to increased traffic and congestion as the area continues to evolve. Additionally, the ongoing gentrification process might result in rising property prices, which could impact affordability for some residents. Despite these considerations, Goodna remains an attractive option for those seeking a balanced lifestyle with the benefits of both suburban and urban living.

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  • Is it expensive to live in Goodna?

    Living in Goodna can be considered relatively affordable compared to many other suburbs in Australia. The current median house price in Goodna is $606,000, and for units, it's $415,000. These prices are quite reasonable when compared to the national averages, making Goodna an attractive option for those looking to buy property without breaking the bank.

    When it comes to renting, the average rent for houses in Goodna over the last year has been $510 per week, while units have averaged $455 per week. These rental prices align well with the area's median total household income of $1,337 per week, suggesting that renting in Goodna is manageable for many residents.

    However, it's important to note that the average wage in Goodna is approximately $59,000 per year, which is lower than the Australian national average of $91,000 per year. This means that while property prices and rents are affordable, the lower average wage might make it a bit challenging for some residents to save or spend on other lifestyle expenses. Overall, if you're thinking of living in Goodna, you'll find it more affordable than many other parts of the country, but it's essential to consider your income and budget accordingly.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Goodna a good place to invest?

    Goodna is showing promising signs as a suburb worth considering for investment. Over the past year, the suburb has experienced a significant increase in property values, with median house values rising by 25.9% and unit values by 26.6%. This impressive growth indicates a strong demand for properties in the area, which is a positive signal for potential investors.

    In addition to the rise in property values, rental yields in Goodna have also seen a healthy increase. House rents have gone up by 10.9%, while unit rents have climbed by 13.8% over the last 12 months. This suggests that the suburb is not only attracting buyers but also renters, which can provide a steady rental income for property investors.

    Overall, Goodna's recent performance in both property value appreciation and rental growth makes it an attractive option for those looking to invest in real estate. The combination of strong demand and increasing rental returns presents a compelling case for considering Goodna as a viable investment opportunity.

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