Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Googong is a mid-sized suburb (postcode 2620). The area has roughly 7,444 residents and a mix of families and early-career residents, with a median age of 32. Households earn a median income of $175K per year, with an average household size of 3.1 people. 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 professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Googong is $1.1 million, having climbed sharply by 10.8% over the past year. Units have a median price of $632,000 (-3.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,600.
Googong is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 6.6x is considered moderate. House prices have moved +10.8% year-on-year.