Goonellabah, located in the Northern Rivers region of New South Wales and is one of the largest Suburbs of Lismore City. This a suburb experiencing steady growth and offering promising opportunities for homeowners and investors alike. With its blend of residential charm and accessibility to essential amenities, Goonellabah has become an attractive destination for families, professionals, and retirees.
Real Estate Market Overview
As of mid-2025, Goonellabah's property market showcases robust activity. The median house price stands at approximately $680,000, with an annual capital growth of 4.94%. Houses in the area command a median weekly rent of $620, yielding a gross rental return of 4.69%. Units are more affordable, with a median price of $505,000 and a median weekly rent of $450, resulting in a rental yield of 5.06%. These figures indicate a healthy demand for both purchasing and renting properties in the suburb. yourinvestmentpropertymag.com.au
Demographics and Community Profile
According to the 2021 Census, Goonellabah has a population of 14,946 residents, with a median age of 37 years. The suburb exhibits a balanced gender distribution and a diverse community. The average household size is 2.1 people, and the median weekly household income is $2,823. These demographics reflect a stable and growing community, contributing to the suburb's appeal. abs.gov.au
Lifestyle and Amenities
Goonellabah offers a range of amenities that enhance the quality of life for its residents. The suburb is home to a number of public and private several schools, shopping centers, parks, and recreational facilities. Its proximity to Lismore provides additional access to healthcare services, higher education institutions, and cultural attractions. The combination of urban conveniences and a relaxed lifestyle makes Goonellabah an ideal location for various demographics.
Investment Considerations
For investors, Goonellabah presents a compelling opportunity. The suburb's consistent capital growth, coupled with strong rental yields, indicates a resilient property market. The demand for rental properties remains high, and the area's development prospects suggest potential for future appreciation.
However, as with any investment or purchase, conducting thorough due diligence and consulting with local real estate experts is advisable to make informed decisions.