All About Goolmangar, Lismore , NSW 2480

Goolmangar Real Estate Market Outlook

Thinking about buying in Goolmangar? Now could not be a better time, with just 86 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,244,000 with prices in this suburb ranging from $62,000 to $2,742,000. The approximate distance to the coast is 32 Km.

In Goolmangar there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Goolmangar is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Goolmangar provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Goolmangar necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Goolmangar we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Goolmangar a better buying opportunity than it may have been in the past.

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