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Goulburn suburb profile

Goulburn, located in New South Wales, is a historic regional city known for its rich heritage and vibrant community. As Australia's first inland city, Goulburn boasts a blend of colonial architecture and modern amenities, offering residents a unique living experience. The city is famous for the Big Merino, a tribute to its wool industry, and provides a range of cultural and recreational activities. With its strategic location between Sydney and Canberra, Goulburn serves as a convenient hub for travelers and locals alike. Its strong sense of community, coupled with a relaxed lifestyle, makes Goulburn an appealing destination for families and retirees.

Goulburn property market performance

Current median dwelling price$632,500Past 3 months

Property growth+14.1%Past 12 months

Goulburn’s property market has experienced notable growth over the past 12 months. The median house price has increased by 10.3% to $710,000. Meanwhile, unit values have seen a significant rise of 17.8%. In the past year, 149 houses were sold, compared to just 7 units, illustrating a stronger demand for houses.

The median days on market for houses is 43 days, slightly shorter than the 46 days for units, indicating a steady interest in both property types. The rental market shows modest growth, with house rents rising by 2.0% and unit rents by 7.0% over the last 12 months, making it an appealing area for renters, especially in the unit sector.

HousesUnits
Median price
Past 3 months
$710KN/A
Change in value
Past 12 months
10.3%17.8%
Sold
Past 3 months
1497
Median days on market
Past 12 months
4346
Average rent
Past 12 months
$500$380
Change in rent
Past 12 months
2.0%7.0%

5 year median price trend for houses and units

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Goulburn demographics

Goulburn, located in the Southern Tablelands of New South Wales, is a regional city known for its rich history, heritage architecture, and vibrant community life. With a population of 23,963, Goulburn offers a blend of urban and rural living, making it an attractive destination for families, retirees, and professionals seeking a quieter lifestyle away from the hustle and bustle of larger cities. The median age of 40 reflects a mature community, with a balanced mix of young families and older residents enjoying the city's amenities and natural surroundings.

Housing in Goulburn is characterized by a significant proportion of home ownership, with 33.8% of properties owned outright and 31.1% owned with a mortgage. This stability in property ownership is complemented by a rental market that accommodates 35.1% of the population, providing flexibility for those not yet ready to buy. The suburb's family-friendly environment is evident in its household composition, with 37.5% of families being couples with children and 40.9% being couples without children, highlighting its appeal to both growing families and those seeking a quieter lifestyle.

Goulburn's economy is supported by a diverse range of industries, including agriculture, manufacturing, and public administration, providing ample employment opportunities for its residents. The city's strategic location, with easy access to Canberra and Sydney, further enhances its appeal as a regional hub. With its strong sense of community, historical charm, and modern conveniences, Goulburn offers a unique and fulfilling lifestyle for its residents.

Goulburn infrastructure, key developments and investment opportunities

Goulburn has no major local infrastructure or redevelopment announcements in the current search results that would materially change the property market right now. The suburb remains a well-connected regional centre with access to Sydney and Canberra, which continues to support demand from commuters, upsizers, and lifestyle buyers.

Local appeal is also underpinned by established services, employment in the wider Goulburn Mulwaree area, and the city’s role as a regional hub. With no significant new transport, school, or precinct changes identified, the market is likely to be influenced more by broader regional demand and existing amenity than by near-term project activity.

Goulburn rental market trends

The rental market in Goulburn has experienced moderate growth, with house rents increasing by 2% over the past year to $500 per week, while unit rents have risen by 7% to $380 per week. With its blend of affordability and steady demand, Goulburn continues to attract both renters and investors seeking stable returns in a regional setting.

Suburbs near Goulburn

Some popular suburbs near Goulburn include:

How does Goulburn compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Goulburn have grown 6.0% higher than in Run-O-Waters.
  • Selling speed for houses: Properties in Goulburn are selling 46.9% faster than in Marulan.

Common questions about Goulburn

  • Is Goulburn a nice place to live?

    Goulburn is a charming and peaceful place to live, offering a delightful blend of historical charm and modern conveniences. This regional city is known for its welcoming and vibrant community, making it an ideal spot for families seeking a supportive environment. The suburb's relaxed lifestyle is complemented by its strategic location, providing easy access to both Sydney and Canberra, which is perfect for those who need to commute or enjoy the occasional city escape.

    Families will find Goulburn particularly appealing due to its abundance of green spaces and recreational activities. The suburb is home to a variety of parks and outdoor areas, perfect for weekend picnics or leisurely strolls. The local amenities, including schools, shops, and cafes, cater well to the needs of residents, ensuring a comfortable and convenient lifestyle. Safety is generally not a major concern, contributing to the suburb's family-friendly atmosphere.

    While Goulburn offers a unique and fulfilling lifestyle, it does come with a few trade-offs. The quieter pace of life may not suit those seeking the hustle and bustle of a larger city, and the nightlife options are more limited compared to urban centers. However, this is balanced by the suburb's strong sense of community and the opportunity to enjoy a more laid-back lifestyle. Overall, Goulburn is a delightful place to call home, particularly for families and those looking for a peaceful yet connected regional city experience.

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  • Is it expensive to live in Goulburn?

    Living in Goulburn can be considered relatively affordable compared to larger cities in New South Wales. The median house price is currently $710,000, which is more accessible than prices in Sydney, where the median often exceeds $1 million. With no current data on unit prices, it seems that houses are the primary property type in the area. Renting a house in Goulburn costs about $500 per week, which is reasonable when compared to Sydney's rental market.

    When looking at income, the median personal income in Goulburn is approximately $747 per week, translating to around $39,000 annually. The median household income is $1,405 per week, which is slightly below the average for New South Wales. This suggests that while property prices are lower, the incomes are also modest, requiring careful budgeting for those considering a move to the area. However, the overall cost of living in Goulburn, with its lower housing costs, can be more manageable than in larger metropolitan areas.

    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 Goulburn a good place to invest?

    Goulburn is showing promising signs as a potential investment hotspot, with notable growth in property values over the past year. The suburb has experienced a 10.3% increase in median house values and an even more impressive 17.8% rise in unit values. This upward trend suggests a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental returns in Goulburn have also been on the rise. House rents have seen a modest 2.0% growth, while unit rents have jumped by 7.0%. This indicates a healthy rental market, particularly for units, which could appeal to investors seeking steady rental income alongside property appreciation.

    Overall, Goulburn presents a compelling case for investment with its recent property value gains and solid rental market. The combination of capital growth potential and increasing rental yields makes it an appealing choice for those looking to invest in a suburb with a promising future. As always, it's important to consider the broader market trends and local factors when making investment decisions.

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Choose the right real estate agents in Goulburn

There are 61 real estate agents in Goulburn, 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 34.5% of all sales in the past year.

Commission rates in Goulburn typically range from 1.95% to 3.07%. 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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