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Goodwood suburb profile

Goodwood is an inner-southern Adelaide suburb centred on the busy Goodwood Road shopping strip, where cafés, independent shops and services give the area a village feel. Tree-lined streets are lined with a mix of Victorian and interwar cottages, Californian bungalows and more recent townhouse infill, so the housing contrasts period character with contemporary additions. Goodwood railway station and local bus links provide straightforward access to the city and surrounding precincts, and the suburb draws young professionals, families and long-term locals who appreciate nearby parks, community clubs and everyday conveniences within a compact, established neighbourhood.

Goodwood property market performance

Current median dwelling price$1,078,222Past 3 months

Property growth+21.5%Past 12 months

Like many smaller suburbs, Goodwood sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values rose a solid 5.7% over the last 12 months, while unit values rose sharply, up 37.3% over the same period, with units increasing much more strongly than houses.

Over the past 3 months there were 7 house sales and 8 unit sales. Houses sold in a median of 62 days over the last 12 months, and units in 43 days, so units sold faster than houses.

The rental market in Goodwood saw house rents average $650 a week, down a solid 7.1% over the last 12 months. Unit rents averaged $520 a week and rose a solid 9.5% over the same period, so unit rents grew while house rents fell.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
5.7%37.3%
Sold
Past 3 months
78
Median days on market
Past 12 months
6243
Average rent
Past 12 months
$650$520
Change in rent
Past 12 months
-7.1%9.5%

5 year median price trend for houses and units

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Goodwood demographics

Goodwood is a community of 2,823 people with a median age of 40. The median total household income is $1,918 a week, roughly $99,700 a year.

Family types are dominated by couples: couple families without children are the largest group at 44.7%, and together with couple families with children (40.7%) they make up 85.4% of families. One-parent families account for 12.5%, while other families are 2.1%.

Homes in Goodwood are mostly owner-occupied, about two-thirds overall (34.5% owned outright and 29.3% owned with a mortgage), with renters making up 36.2% of dwellings.

Suburbs near Goodwood

Some popular suburbs near Goodwood include:

  • Millswood: Quiet residential suburb with tree-lined streets and period homes.
  • Forestville: Small seaside suburb with mature reserves and easy coastal access.
  • Wayville: Compact suburb centred on exhibition precincts and attractive parkland.
  • Hyde Park: Leafy, established suburb known for its boutique shopping strip.
  • Ashford: Predominantly residential area with a mix of housing and park reserves.

How does Goodwood compare to nearby suburbs?

  • Median house prices: Goodwood’s median house price is 221.8% higher than Forestville’s.
  • Median unit prices: Goodwood’s median unit price is 38.1% lower than Wayville’s.
  • House price growth: Over the past 12 months, house prices in Goodwood have grown 2.3% higher than in Millswood.
  • Unit price growth: Over the past 12 months, unit prices in Goodwood have grown 31.2% higher than in Hyde Park.
  • Selling speed for houses: Properties in Goodwood are selling 15.1% faster than in Millswood.
  • Selling speed for units: Properties in Goodwood are selling 58.7% faster than in Wayville.
  • Investment considerations: In Goodwood, the rental yield for house is 2.5% higher than the Adelaide average, while the rental yield for units is 5.9% higher.
  • House price growth: Over the past 12 months, house prices in Goodwood have grown 48.5% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Goodwood have grown 37.0% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Goodwood

Choosing the right real estate agent in Goodwood can have a big impact on your sale. While there are 33 real estate agents working in the suburb, but just 5 of them were responsible for 31.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.13% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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