Goulburn - Southern Tablelands, NSW
The Goulburn property market remained strong and stable throughout 2019, at a time when many capital city markets were in decline. The market’s steadiness is demonstrated by the long-term capital growth rates of 7% per year for houses and 8% for apartments.
Goulburn benefits from its position in the growth corridor between Sydney and Canberrra. It has received a Ripple Effect from Sydney’s growth market, as well as the steadiness of the economy and property market in Canberra, and it lies in the path of the proposed Canberra–Sydney fast rail service.
Goulburn has long been a solid regional centre servicing the Southern Tablelands area of NSW near the ACT border. It has a strong and diversified local economy driven by healthcare, retail, construction, agriculture and tourism.
Its prospects have been boosted by a pipeline solution to previous water supply issues and a major injection of economic activity through construction of multiple wind farms, with investment totalling around $2.5 billion.
Goulburn also benefits from its proximity to the national capital – with growing numbers of people living in affordable Goulburn and working in nearby Canberra.
This report covers the town of Goulburn.