Goolgowi (postcode 2652) is a small, quiet locality in New South Wales within the Carrathool local government area. The area has roughly 416 residents and an established family demographic, with a median age of 38. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, labourers, machinery operators & drivers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Aboriginal Australian.
Goolgowi has a median house price of $250,000, which has risen solidly by 8.7% year-on-year. The current median weekly rent is $365. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $783.
Goolgowi is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 32 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 7.6%, which reads as high yield. Property prices sit below the state median ($250K/$1.5M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +8.7% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.