Located in New South Wales within the Mid-Western Regional local government area, Goolma is a quiet locality (postcode 2852). The area has roughly 95 residents and a mature demographic, with a median age of 54. Households earn a median income of $67K per year, with an average household size of 2.4 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 managers, technicians & trades, professionals. Employment in the area leans toward agriculture and transport & logistics. The top ancestries reported are Australian, English, Irish.
The median house price in Goolma is $135,000, broadly unchanged over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 15.4%. The median monthly mortgage repayment is $1,473.
Goolma is served by 1 school, including 1 primary. The average ICSEA score is 928, which is below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 15.4% (high yield). Property prices sit below the state median ($135K/$1.5M), which can point to relative value. The price-to-income ratio of 2.0x is considered affordable. House prices have moved +0.0% year-on-year.