Just two hours from Sydney and one hour from Canberra, Goulburn is a tree-change city on the rise. Residents enjoy country-style living, rich heritage and plenty of recreational options, along with the benefits of a strong economy and booming infrastructure.
Goulburn is a tree-change city on the rise.
Strong employment opportunities
Working in Goulburn comes with scenic, countryside drives to and from a wide variety of industries. Around 2,360 businesses range from health care to retail and public administration. Major employers include Goulburn Mulwaree Council, NSW Health Service, NSW Police Academy and Coles Supply Chain.
An easy commute to Canberra allows thousands of government employees to rent or own property in Goulburn. Furthermore, many residents are starting to commute to Sydney, which is a 1.5-hour drive, with a train trip from Campbelltown station to beat the city traffic. Looking towards the future, the fastest-growing employment sectors include agriculture, forestry and fishing, and manufacturing.
Infrastructure boosting the local economy
Goulburn is situated on the proposed Canberra-Sydney fast rail corridor. If approved, this will decrease travel times for commuters from 2.5 hours to 30 minutes. An initial $80 million investment has been announced, as part of a $295 million investment in a fast rail network.
Healthcare is set to meet the demands of the rising population. Goulburn Hospital is receiving a $150 million investment with the Health Service Redevelopment. It’s due for completion in 2021 and will boost the local economy with more jobs in health and construction, while providing high-quality healthcare for residents.
Projected population growth
Over the next two decades, the population of Goulburn is expected to boom. The resident population for 2018 was 30,852. According to the 2019 NSW Population Projections, this is expected to grow almost 11 per cent, moving the population to 33,500. Planning for infrastructure, housing and services is well underway by the NSW Government.
Value for investors
Young families and homebuyers from Canberra and the Southern Highlands are flocking to Goulburn as an affordable lifestyle alternative.
Young families and homebuyers from Canberra and the Southern Highlands are flocking to Goulburn as an affordable lifestyle alternative. With access to the Federal and Hume Highways, it’s entirely possible to enjoy the enviable lifestyle options within easy reach of the major cities.
Compared with $1.1 million in the Sydney metropolitan area, Goulburn presents attractive affordability. The median house price is just $428,000. Rental yields are solid, averaging 5.3% over the last 10 years, and the low vacancy rate is at 0.9% as of June 2020.
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Lifestyle perks
A relaxed country lifestyle combines with modern shopping, art, museums, a dining scene and attractions in Goulburn. Local art galleries display works of acclaimed artists. The Art Deco playhouse and the Lieder Theatre highlight the dynamic theatrical community.
Auburn Street is a hub for boutique shopping and it joins two shopping centres. In the great outdoors, Goulburn hosts numerous parks and unspoilt bushwalking trails are close by, including along the Wollondilly River.
For investors, Goulburn ticks the right boxes for lifestyle, location, secure employment, housing affordability and fast growth.
sources:
- ABS population data on Goulburn Mulwaree Council’s website, Build Sydney and Residex, June 2020 for median house prices