Gol Gol is a small locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 1,956, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $109K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Gol Gol has a median house price of $585,000, which has dipped slightly by 1.7% year-on-year. The current median weekly rent is $330. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Gol Gol is served by 1 school, including 1 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Wentworth LGA is moderate at 5,905 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices sit below the state median ($585K/$1.5M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -1.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.