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Goonellabah suburb profile

Goonellabah is a vibrant suburb located on the eastern outskirts of Lismore in New South Wales. Known for its lush landscapes and elevated position, it offers stunning views of the surrounding hinterland. The suburb is a hub of activity, featuring a range of amenities including shopping centres, schools, and recreational facilities. Goonellabah is popular with families and retirees due to its community-oriented atmosphere and access to essential services. Its proximity to Lismore provides residents with additional urban conveniences while maintaining a relaxed, semi-rural lifestyle. The blend of natural beauty and modern infrastructure makes Goonellabah a desirable place to live.

Goonellabah property market performance

Current median dwelling price$654,250Past 3 months

Property growth+13.5%Past 12 months

Goonellabah’s property market has seen notable growth over the past 12 months. House values have increased by 8.1%, with the median house price reaching $735,000. Although few units have been sold, unit values rose by 16.1%, reflecting strong demand despite limited supply.

Sales activity shows 79 houses and a mere 5 units sold in recent months. Houses are selling briskly at a median of 37 days on the market, slightly slower than units at 35 days, indicating quick turnover across the board.

Rents have risen substantially in Goonellabah, with house rents climbing by 8.3% and units by 9.1%, suggesting strong rental demand across both property types.

HousesUnits
Median price
Past 3 months
$769KN/A
Change in value
Past 12 months
11.0%16.1%
Sold
Past 3 months
776
Median days on market
Past 12 months
3535
Average rent
Past 12 months
$658$480
Change in rent
Past 12 months
9.7%6.7%

5 year median price trend for houses and units

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Goonellabah demographics

Goonellabah, located in the Northern Rivers region of New South Wales, is a suburb known for its family-friendly environment and scenic surroundings. With a population of 13,351, it offers a blend of suburban tranquility and access to natural beauty, making it an attractive place for families and retirees. The median age of 41 suggests a mature community, with many residents enjoying the peaceful lifestyle that Goonellabah provides.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 37.1% of properties owned outright and 33.1% owned with a mortgage. This indicates a stable community with a strong sense of homeownership. Renting is also a viable option, with 29.8% of properties being rented, catering to those who prefer flexibility or are new to the area.

Family dynamics in Goonellabah are diverse, with couple families with children making up 36.5% of the population, while couple families without children account for 39.9%. One-parent families represent 22.2%, reflecting a supportive community for various family structures. The suburb's median total household income of $1,318 per week aligns with its family-oriented nature, providing a comfortable living standard for its residents. Goonellabah's appeal lies in its balance of community spirit, natural beauty, and accessibility, making it a desirable location for those seeking a harmonious lifestyle.

Suburbs near Goonellabah

Some popular suburbs near Goonellabah include:

  • Chilcotts Grass: Known for its rural charm and spacious properties, Chilcotts Grass is located to the northeast of Goonellabah.
  • Lismore Heights: Offering elevated views and a peaceful atmosphere, Lismore Heights is situated to the west of Goonellabah.
  • East Lismore: Known for its established homes and community facilities, East Lismore lies directly west of Goonellabah.
  • Lismore: Serving as a regional hub with diverse amenities and services, Lismore is located southwest of Goonellabah.
  • Richmond Hill: Featuring scenic landscapes and a semi-rural lifestyle, Richmond Hill is situated to the southeast of Goonellabah.

How does Goonellabah compare to nearby suburbs?

  • Median house prices: Goonellabah’s median house price is 9.8% higher than Lismore Heights’s.
  • House price growth: Over the past 12 months, house prices in Goonellabah have grown 4.3% higher than in Lismore Heights.
  • Unit price growth: Over the past 12 months, unit prices in Goonellabah have grown 10.5% higher than in East Lismore.
  • Selling speed for houses: Properties in Goonellabah are selling 7.9% faster than in Lismore Heights.

Choose the right real estate agents in Goonellabah

Choosing the right real estate agent in Goonellabah can have a big impact on your sale. While there are 64 real estate agents working in the suburb, but just 5 of them were responsible for 36.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.17% to 3.25%, 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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