Question 1

Is Goodwood a nice place to live?

Accepted Answer

Goodwood is a modest, predominantly residential suburb on Hobart’s northern fringe within Glenorchy, with quiet streets and a mix of mid-century single-storey cottages and low-rise units. Its community of 1,142 people has a median age of 35 and includes many first-home buyers, young families and older residents who value smaller, easy-to-maintain lots. Renting is the most common tenure at 52.4%, while owner-occupation sits at 47.6%.

Everyday life in Goodwood leans on nearby shopping and services in Glenorchy and Moonah and on straightforward road and public transport links. There are several local projects either completed or planned, from road strengthening and a proposed secondary cycle route to a regional playspace with all-abilities equipment and an expansion of Karadi Aboriginal Corporation’s services including a planned primary health care facility. That mix makes Goodwood a practical choice for people looking for established homes and local amenity; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Goodwood?

Accepted Answer

House rents in Goodwood are about $580 a week. Against a typical local household income of $1,129 a week as recorded at the most recent Census, that rent would take roughly 51% of a household's weekly income, which is a large share. For people renting, that rent share is the most relevant measure of how housing costs sit against local incomes; whether it feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Goodwood a good place to invest?

Accepted Answer

House values climbed 16.5% over the past year, a strong rise, while house rents rose 11.5%, a solid increase. In Goodwood that means capital growth on houses outpaced rental income over the year.

If rental income is your priority, the rent movement is the number to consider; if you care more about price growth, the larger value gain is the relevant figure. Whether that makes Goodwood the right investment for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	16.5%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	21	N/A
Average rent Past 12 months	$580	N/A
Change in rent Past 12 months	11.5%	N/A

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