Question 1

Is Goondiwindi a nice place to live?

Accepted Answer

Goondiwindi sits on the Queensland side of the New South Wales border on the banks of the Macintyre River and functions as a rural service town for surrounding cotton, broadacre cropping and grazing country. Life centres on a compact main street of heritage buildings, cafés and pubs, while riverfront parks and a riverside walk make the river a focus for fishing and informal recreation. Housing ranges from timber cottages close to the centre to larger homes and rural properties, supporting a slow country lifestyle with easy road links to other regional centres.

With a community of 6,230 and a median age of 38, the town is weighted towards couple families and homes are more often owner-occupied than rented. Local sporting clubs, schools and health services cover everyday needs, and Goondiwindi is also the focus of major flood-protection and regional transport works, including a nearly $70 million levee restoration, plus local utility and community upgrades from sewer pump-station works to water treatment planning and funding for a new neighbourhood centre. Whether that suits you will come down to what you are looking for.

Question 2

Is it expensive to live in Goondiwindi?

Accepted Answer

In Goondiwindi, a median house price of $700,000 is about 8.3 times a typical local household's annual income at the last Census, so buying sits well above local incomes recorded then. Renting compares differently: a house at $550 a week would take about 33.8% of that weekly household income, roughly a third and a sizeable share, while a unit at $350 a week would take about 21.5%, a moderate share. On these figures, renting, especially a unit, looks the less stretched option against local incomes at the last Census.

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 Goondiwindi a good place to invest?

Accepted Answer

Houses and units in Goondiwindi moved in very different directions over the past year. Median house values climbed 30.0%, a strong rise, while median unit values fell 20.9%, a sharp decline. Rents rose for both property types: house rents increased 6.8% and unit rents increased 7.7%, both solid gains with unit rents edging ahead.

For someone weighing Goondiwindi as an investment, the value figures point to capital growth being concentrated in houses this year while unit prices fell, and the rent figures show rental income rose for both types. Which of those outcomes matters to you depends on your own 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	$700K	N/A
Change in value Past 12 months	30.0%	-20.9%
Sold Past 3 months	14	N/A
Median days on market Past 12 months	32	N/A
Average rent Past 12 months	$550	$350
Change in rent Past 12 months	6.8%	7.7%

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