Goolwa SA

Postcode 5214 · Alexandrina LGA

Goolwa is a smaller suburb in South Australia within the Alexandrina local government area (postcode 5214). With a population of 2,558, the suburb has an older demographic with a median age of 67. Households earn a median income of $41K per year, with an average household size of 1.8 people. The most common occupations are community & personal service, technicians & trades, professionals. 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 $412. This gives a gross rental yield of approximately 5.5%. 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.

From an investment perspective, Goolwa offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($390K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +14.7% year-on-year.

INVESTMENT SIGNALS
Rental Yield5.5% High Yield
Price vs State$390K/$950K Below Median
Affordability9.5x Moderate
Price Momentum+14.7% Rising
INCOME (ATO 2022-23)
Median Income$38,877
Mean Income$50,681
Earners6,953
YoY Change+5.1%
SEIFA INDEX (ABS)
Advantage2/10
Education2/10
Economic1/10
Disadvantage1/10
MEDIAN UNIT
$390K
14.7% YoY
MEDIAN RENT /WK
$250
POPULATION
2,558
DEMOGRAPHICS
Median Age67
Household Size1.8
HH Income /wk$790
Personal Income /wk$493
Mortgage /mth$1,000
CRIME (Alexandrina LGA)
Crime Rate (per 100k)2,932
Total Incidents75
SCHOOLS (2)
Avg ICSEA964
Total Students566
Government2
Goolwa Secondary CollegeSecondary · Government · ICSEA 957
Goolwa Primary SchoolPrimary · Government · ICSEA 972
Data: 2024