AREA REPORTS

Golden Grove

 

 

SA/
Golden grove

Suburb Profile

Golden Grove - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5125

house
unit

Property investments in GOLDEN GROVE fare well against the rest of the country last year, registering a median home price increase of -0.32%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GOLDEN GROVE, 5125 saw average growth in the long term.

Real estate investors could earn a rental income of $370 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 70.2 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $472,000.

GOLDEN GROVE ranks 245th on the list of best yielding suburbs for rental properties in SA, posting a 4.08% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $472,000 $307,500
GROWTH REPORT
Median Quarterly -1.05% 0.16%
Median 12 month -0.32% N/A
Median 3 years 1.51% 0.82%
Median 5 years 18.15% 0.82%
10 years average annual 1.63% 0.76%
Weekly media advert. rent $370 $330
Time on Market 70.2 days 37.4 days
Gross Rental Yield Percent 4.08% 5.58%
demographics (median values)
Total Population
8973
Weekly Household Income
1251
Household Size
2.80
demographics
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