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Goodwood suburb profile

Goodwood is a residential suburb located in the northern suburbs of Hobart, Tasmania, offering a peaceful and community-oriented lifestyle. Situated approximately 8km from the Hobart CBD, Goodwood provides residents with convenient access to urban amenities while maintaining a suburban charm. The suburb is known for its family-friendly environment, featuring local parks and recreational facilities. Goodwood's proximity to the Derwent River adds to its appeal, offering scenic views and outdoor activities. With a mix of established homes and newer developments, Goodwood attracts families and individuals seeking a balanced lifestyle close to the city.

Goodwood property market performance

Goodwood's property market has shown notable growth in house values over the past 12 months, with an increase of 9.9%. However, unit values have remained stagnant, showing no change. Despite the absence of a median house and unit price, the market activity indicates that 9 houses and 1 unit were sold in the past year. Houses are selling relatively quickly, with a median of 29 days on the market, while there is no data available for units.

The rental market for houses in Goodwood has experienced a significant increase, with average rents rising by 14.9% over the last 12 months, reaching $580. In contrast, there is no available data for unit rentals, indicating a potential lack of activity or demand in this segment.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
7N/A
Median days on market
Past 12 months
24N/A
Average rent
Past 12 months
$580N/A
Change in rent
Past 12 months
11.5%N/A

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Goodwood demographics

Goodwood, located in Tasmania, is a small suburb that offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 1,142, it provides a close-knit community atmosphere, ideal for families and individuals seeking a quieter lifestyle. The median age of 35 suggests a balanced mix of young families and established residents, contributing to a dynamic yet stable community environment.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 52.4% of the housing market. This high rental rate indicates a flexible living arrangement, appealing to those who prefer not to commit to home ownership. Meanwhile, 21.9% of properties are owned outright, and 25.7% are owned with a mortgage, reflecting a stable base of long-term residents and new homeowners.

Family structures in Goodwood are varied, with couple families with children making up 30.6% of the population, while couple families without children account for 33.1%. One-parent families are also a significant part of the community, comprising 33.5% of families. This diversity in family types enriches the suburb's social fabric, fostering a supportive and inclusive environment. With a median household income of $1,129 per week, Goodwood offers an affordable living option within reach of Hobart's employment and educational opportunities, making it an attractive choice for those seeking a balanced lifestyle.

Suburbs near Goodwood

Some popular suburbs near Goodwood include:

  • Derwent Park: Known for its industrial areas and commercial facilities, Derwent Park is located directly south of Goodwood.
  • Glenorchy: Featuring a mix of residential and retail spaces, Glenorchy is situated to the northwest of Goodwood.
  • Moonah: Known for its vibrant arts scene and diverse dining options, Moonah lies to the south of Goodwood.
  • Montrose: Offering scenic views and a peaceful residential atmosphere, Montrose is located to the north of Goodwood.
  • West Moonah: Known for its hilly terrain and suburban charm, West Moonah is situated southwest of Goodwood.

How does Goodwood compare to nearby suburbs?

  • Selling speed for houses: Properties in nearby Derwent Park are selling 8.3% faster than in Goodwood.
  • House price growth: Over the past 12 months, house prices in Goodwood have grown 19.2% lower than the average rate of growth across Hobart.

Choose the right real estate agents in Goodwood

There are 20 real estate agents in Goodwood, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 44.4% of all sales in the past year.

Commission rates in Goodwood typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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