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Australia | Goulburn
Properties for sale in Goulburn, New South Wales, 2580 Australia
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Goulburn, a historic city located in New South Wales, is known for its charming heritage architecture and vibrant community life. With a postcode of 2580, Goulburn offers a blend of historic appeal and modern amenities. Goulburn Property has been a trusted name in the local real estate market since [Year], providing expert guidance and personalized service for buying, selling, and renting properties. Our extensive knowledge of Goulburn and commitment to exceptional client service ensure a smooth and successful real estate experience. Discover the unique character and opportunities of Goulburn, NSW, with Goulburn Property.
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Have you ever thought about investing in a place that combines the charm of country living with the benefits of city life? If so, then let me introduce you to Goulburn.
Just two hours away from Sydney and an hour away from Canberra, it is a pretty town that had been left behind so far but now catches the eyes of shrewd investors like yourself. So, what does make Goulburn one of the best investment destinations?
Let us take some deep drive to understand why this small town may just be your new big opportunity: the right mix-country charm and benefits of a city.
Imagine waking up to the sounds of nature, a leisurely morning walk down tree-lined streets, and still be within easy driving distance of two of Australia's major cities. It almost feels like the best of both worlds, right? That is exactly what Goulburn is offering.
It is the place for anyone who wishes to enjoy a relaxed, countryside sort of living while refusing to give up on the benefits accruing from a thriving economy and modern amenities. With its rich heritage, ever-growing list of recreational options, Goulburn has something that caters for everyone, be it history, outdoor activities, or that quiet place to retreat. All in all, you find it here.
What really sets Goulburn apart, though, is the strong employment market. Thinking about the long-term viability of your investment, you will be pleased to hear that the economy of Goulburn is diverse and quite stable, with over 2,400 businesses in town covering a wide range of industries such as healthcare, retail, and public administration.
Major employers such as Goulburn Mulwaree Council, NSW Health Service, and the NSW Police Academy make sure the job market is good here. Now, here is a little insider tip: where Goulburn is located is a real game-changer for those who work in Canberra or Sydney. Pretty many government employees find it quite easy to reside in Goulburn and then commute to Canberra for the best of both worlds.
With the cost of living in Goulburn quite a bit less than in any of the capital cities, it is not hard to see why this trend is catching on. And if ever you do need to commute into Sydney, that also is easy-just 1.5 hours by car, or you can catch the train from Campbelltown and avoid city traffic.
Okay, now infrastructure-because this is what really makes Goulburn stand out. You know how important it is to invest in a location with strong infrastructure; well, Goulburn is hitting all the right notes here.
One of the exciting new developments is the future Canberra-Sydney fast rail corridor. Imagine this: instead of the travel time from Goulburn to Sydney being 2.5 hours, it would be possible to do it in 30 minutes. It's not a dream, since progress has already been ongoing, backed up by $500 million funding from the Federal Government. This rail corridor is surely going to set a new game for Goulburn, improving its accessibility and desirability for residents and investors alike.
But that is not all: Goulburn's healthcare is also getting a serious boost. The Goulburn Hospital has recently been the recipient of a $150 million investment, courtesy of the Health Service Redevelopment. This means better health care to the residents and more jobs, translating to a stronger local economy. And that is what every investor wants to hear, right?
If you are looking for one omen that Goulburn is on its way up, then look no further than its growing population. The town's population reached 32,500 in 2022 and is expected to grow to 37,200 by 2036. That is a 14.4% increase! More people coming to town translate into more demand for housing, which is great news if you're considering an investment here.
In other words, over the next 15-year period, Goulburn would have to construct upwards of 2,050 new homes in order to retain the population ratio.
That is approximately 140 new dwellings per year. This is already planned for by the NSW Government, meaning that infrastructure, housing, and services are designed to satisfy demand. Thus, buying property in Goulburn would ensure you get in on the action early.
Let's be real: with current market trends, one can't afford to invest largely in real estate. And that's where Goulburn gets really interesting.
While median house prices are a whopping $1.26 million in Sydney, Goulburn offers a more affordable alternative—its median house price is just $610,000. For less than half of what you would have to pay for housing in the big city!
But affordability isn't the only factor to consider.
Goulburn boasts solid rental yields at an average 4.5% over the past decade, and with a low vacancy rate of just 1.4%, you can guarantee steady demand for rental property. Whether you want to rent it out or just invest in a growing market, Goulburn offers solid returns without the hefty price tag.
Now, you must have been wondering what the real estate market in Goulburn has been like for the last couple of years with ups and downs happening around the globe. Well, here it is-good news: the property market of Goulburn has been amazingly resilient.
The market, after the red-hot post-COVID boom, indeed cooled down a little in 2023. Even then, Goulburn has been a stable and attractive market. For example, in 2022, Goulburn saw 500 homes listed, compared to 360 in 2023. While the first quarter of 2023 was in favor of sellers, the market moved toward buyers around the middle of the year and stabilized going into the latter part.
Ray White Goulburn principal Justin Gay says there might have been some fluctuations in the market, but Goulburn's period homes in established streets remain in strong demand. Speaking of which, here is something interesting-two of the latest sales in a charming two-storey home on Bradley Street document just how resilient the market is. The house sold for $1.343 million in June 2022, then with some minor improvements fetched $1.650 million in June 2023. Not too shabby, huh?
Let's now talk about land because this, too, is one area where Goulburn stands out. While a section of the market has softened so far this year, the land market for Goulburn remained relatively stable. For example, a 20.23-hectare property near Pejar Dam was sold for $960,000, which is strong given the overall market conditions.
The residential market was satisfactory in Goulburn up to $700,000 and $800,000," said Elders Real Estate Goulburn principal Ray Croker. "Above that it starts to tighten, as there are not as many buyers, but overall Goulburn offers a very balanced and stable market that's less prone to the dramatic highs and lows seen in capital cities.
What does that mean for you, exactly?
That means Goulburn offers you a safe and stable place in which to invest. This may be in residential properties, with vacant land, or even rural lifestyle properties; stability is the major selling point of the market in Goulburn.
The prospects for Goulburn's real estate market seem brilliant in the future. Although 2023 might have been a year of market corrections, strong fundamentals remain consistent in Goulburn's market. With infrastructural developments still ongoing and an increasing population with stable employments, Goulburn is well-positioned for growth into 2024 and beyond.
This will be further complemented by new developments such as the Teneriffe estate, which promises to bring 100 new blocks into the market by June 2024. With the Canberra-Sydney fast rail project edging closer toward completion, Goulburn will only grow more attractive as a commuter-friendly town.
Why should Goulburn be on your investment radar? It's because it offers up a golden combination: price, growth potential, and stability. A country town oozing with charm, with a strong job market and infrastructure development, this city is on the up and up.
You will profit from the growth of its population within the town, its strong rentals, and a property market that is characteristically stable. With major projects like the Canberra-Sydney fast rail corridor set to transform the region, it would seem now is the perfect time to invest in Goulburn.
Whether you are an experienced investor looking to diversify your portfolio or a newcomer to the property market, Goulburn provides the chance to get into the ground floor of a market placed for long-term growth. Don't miss an opportunity to be a part of the exciting future that will unfold at Goulburn. Find out about your options to invest in this New South Wales gem today!
