All About Goolma, Mid-Western Regional, NSW, 2852

Goolma, located in the Mid-Western Regional area of New South Wales, offers a unique and serene living experience characterized by its rural charm and tight-knit community. The housing market in Goolma is relatively modest compared to larger urban areas, providing more affordable options for families and individuals seeking a quieter lifestyle. Properties in Goolma typically consist of spacious houses and expansive land, offering plenty of room for outdoor activities and gardening. The market tends to be stable, with moderate demand driven by those looking for a peaceful retreat from city life or a chance to own a piece of country living. This stability, coupled with affordability, makes Goolma an attractive option for those looking to invest in property while enjoying the tranquility of rural New South Wales.

Living in Goolma is characterized by its strong sense of community and the slower pace of life. Residents enjoy the benefits of rural living with plenty of opportunities for outdoor pursuits such as hiking, farming, and horseback riding. The community is known for its friendly and welcoming nature, making it easy for newcomers to feel at home. While amenities in Goolma itself are limited, the town's proximity to larger centers like Mudgee means residents can easily access additional services and entertainment options. The local lifestyle is deeply connected to the natural environment, encouraging a healthy and active way of living. Overall, Goolma offers a fulfilling life for those wanting to escape the hustle and bustle of the city and embrace a more serene and community-focused way of life.

Goolma Real Estate Market Outlook

Thinking about buying in Goolma? Now could not be a better time, with just 146 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,125,000 with prices in this suburb ranging from $57,000 to $6,791,000. The aproximate distance to the coast is 214 Km.

In Goolma 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 Goolma 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. The slightly lower than average earnings from occupations in Goolma changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Goolma the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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