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Goolwa North suburb profile

Goolwa North is a picturesque suburb located in South Australia, nestled along the banks of the Murray River. Known for its tranquil environment and natural beauty, it offers a peaceful retreat for residents and visitors alike. The area is characterized by its lush landscapes, riverfront views, and a strong sense of community. Goolwa North provides easy access to water-based activities, including boating and fishing, making it a popular destination for outdoor enthusiasts. Its proximity to the historic town of Goolwa adds to its charm, offering a blend of heritage attractions and modern conveniences.

Goolwa North property market performance

Goolwa North's property market has experienced a significant surge in house values over the past 12 months, with an impressive increase of 88.1%. The current median house price stands at $750,000, reflecting strong demand in the area. However, the unit market remains inactive, with no sales or price changes reported.

In terms of sales activity, 15 houses have been sold over the last 12 months, with properties spending a median of 63 days on the market. This indicates a moderate pace of sales, as buyers take time to make purchasing decisions.

The rental market for houses in Goolwa North has seen a modest increase, with average rents rising by 2.9% over the past year to $540. The unit rental market remains inactive, with no reported changes.

HousesUnits
Median price
Past 3 months
$750KN/A
Change in value
Past 12 months
88.1%N/A
Sold
Past 3 months
15N/A
Median days on market
Past 12 months
63N/A
Average rent
Past 12 months
$540N/A
Change in rent
Past 12 months
2.9%N/A

5 year median price trend for houses and units

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Goolwa North demographics

Goolwa North, located in South Australia, is a serene suburb known for its picturesque landscapes and tranquil lifestyle. With a population of 1,307, it offers a peaceful retreat from the hustle and bustle of city life. The median age of 66 indicates a community largely composed of retirees and older residents who appreciate the suburb's relaxed atmosphere and natural beauty. This demographic is reflected in the high percentage of couple families without children, which stands at 73.3%, highlighting the suburb's appeal to those seeking a quiet and comfortable lifestyle.

The housing market in Goolwa North is characterized by a significant proportion of properties owned outright, with 66.4% of homes falling into this category. This suggests a stable community with long-term residents who have settled into the area. Additionally, 19.2% of properties are owned with a mortgage, while only 14.4% are rented, indicating a preference for home ownership among the residents. The median total household income of $948 per week reflects the suburb's affordability and suitability for retirees and those on fixed incomes.

Goolwa North's charm lies in its natural surroundings and the sense of community among its residents. The suburb's proximity to the River Murray and the Coorong National Park offers ample opportunities for outdoor activities such as fishing, boating, and birdwatching. This, combined with its peaceful environment, makes Goolwa North an ideal location for those looking to enjoy a slower pace of life while still being connected to the natural beauty of South Australia.

Goolwa North infrastructure, key developments and investment opportunities

There are currently no widely publicised major infrastructure or redevelopment projects specific to Goolwa North that are expected to significantly alter the suburb’s property market in the near term. The area remains characterised by its riverside setting along the Murray River system and proximity to Goolwa’s established township, which continues to provide residents with access to shops, schools, health services, and hospitality options in the neighbouring suburb.[4][7]

Ongoing amenity in Goolwa, including its historic river port, tourism activity, and local employment in services and hospitality, underpins steady demand for property in Goolwa North without any clear step-change in infrastructure on the horizon.[4][7] As a result, market performance in Goolwa North is likely to continue to track broader regional trends rather than being reshaped by new local projects at this time.

Goolwa North rental market trends

The rental market in Goolwa North has experienced modest growth, with house rents increasing by 2.9% over the past year to $540 per week. However, unit rents have remained unchanged at $0, indicating a potential lack of available units in the area. This suburb offers a tranquil lifestyle, appealing to those seeking a peaceful environment with steady rental returns.

Suburbs near Goolwa North

Some popular suburbs near Goolwa North include:

How does Goolwa North compare to nearby suburbs?

  • Median house prices: Goolwa North’s median house price is 2.7% higher than Goolwa South’s.
  • House price growth: Over the past 12 months, house prices in Goolwa North have grown 4.4% higher than in Hindmarsh Island.
  • Selling speed for houses: Properties in Goolwa North are selling 30.0% faster than in Hindmarsh Island.

Common questions about Goolwa North

  • Is Goolwa North a nice place to live?

    Goolwa North is a delightful suburb that offers a serene and charming lifestyle, perfect for those seeking a peaceful retreat. Nestled along the banks of the Murray River, it boasts stunning riverfront views and lush landscapes that create a tranquil environment. The suburb is known for its strong sense of community, making it an inviting place for families and retirees alike. With its proximity to the historic town of Goolwa, residents enjoy a blend of heritage attractions and modern conveniences, ensuring a well-rounded living experience.

    Families will find Goolwa North appealing due to its safe and welcoming atmosphere, along with access to essential amenities such as schools, shops, and health services in nearby Goolwa. The suburb's natural surroundings provide ample opportunities for outdoor activities, including boating, fishing, and birdwatching, making it a haven for nature enthusiasts. While Goolwa North may not offer the bustling nightlife of a city, it compensates with its peaceful lifestyle and the charm of its riverside setting.

    One trade-off of living in Goolwa North is the slower pace of life, which may not suit those seeking the excitement of urban living. Additionally, the suburb's housing market is characterized by a stable community with a preference for home ownership, which might limit rental options for newcomers. However, for those who appreciate a quiet, community-focused environment with access to natural beauty and outdoor activities, Goolwa North is a wonderful place to call home.

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  • Is it expensive to live in Goolwa North?

    Living in Goolwa North can be relatively affordable compared to other areas, but it still requires a thoughtful budget. The median house price is currently around $750,000, which is a significant investment. However, it's important to note that there are no units available, which may limit options for those looking for more affordable housing.

    For renters, the average rent for houses is about $540 per week. When you compare this with the average wage in Goolwa North, which is approximately $57,000 per year, it suggests that a large portion of income would go towards housing costs. This is slightly challenging when considering that the median total household income weekly is $948, which is lower than the South Australian average.

    Overall, while Goolwa North offers a picturesque lifestyle with its coastal charm, the cost of living, particularly in terms of housing, can be demanding. If you're thinking of living in Goolwa North, it's crucial to evaluate your financial situation to ensure it aligns with the expenses of residing in this lovely suburb.

    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 Goolwa North a good place to invest?

    Goolwa North is showing some intriguing signs for potential investors, particularly with the remarkable 88.1% increase in median house values over the past year. This kind of growth suggests a strong demand for houses in the area, which could be driven by factors such as its scenic location near the coast and the appeal of a quieter lifestyle away from the hustle and bustle of city living. However, it's important to note that the unit market hasn't experienced the same level of growth, with no change in median values or rent, indicating that houses are currently the more attractive option for investment in this suburb.

    While the rental market for houses has seen a modest increase of 2.9% over the last year, this suggests a steady demand for rental properties, which could provide a reliable income stream for investors. The lack of change in unit rents and values might mean that the unit market is less competitive or in lower demand, so focusing on houses could be the more strategic choice. Overall, Goolwa North presents an interesting opportunity for those looking to invest in a suburb with significant recent growth in house values, although the unit market may require a more cautious approach.

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Choose the right real estate agents in Goolwa North

Choosing the right real estate agent in Goolwa North can have a big impact on your sale. While there are 16 real estate agents working in the suburb, but just 5 of them were responsible for 65.3% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.63% to 3%, 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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