Goolwa (postcode 5214) is a smaller residential area in South Australia within the Alexandrina local government area. It is home to about 2,558 residents, with an older demographic and a median age of 67. Households earn a median income of $41K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 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 community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Units have a median price of $390,000 (+14.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,000.
Goolwa is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 964, which is around the national average of 1,000. The crime rate in the Alexandrina LGA is below average at 2,932 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.0%, which reads as high yield. Property prices sit below the state median ($390K/$950K), which can point to relative value. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +14.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.