What's the sweet spot for affordability and cash flow?
High-end properties are softening in price, but investing too heavily in blue-chip areas can actually harm your cash flow. One buyer's agen...
GOLDEN SQUARE, 3555 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling GOLDEN SQUARE, 3555 values up and netting property investors a capital gain of 4.13% for the past year.
Investors saw the median home price rise to $328,000.
Profits due to an upward trend in home prices in the suburb averaged 1.65% per annum over a 3-year period.
GOLDEN SQUARE now ranks at the 418th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GOLDEN SQUARE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $297.5 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GOLDEN SQUARE, homes and units usually stay on listing for an average of 71.8 days.
In 2016, 184 properties were sold in GOLDEN SQUARE during the past year, making it the 486th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $328,000 | $268,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.92% | 1.32% |
| Median 12 month | 4.13% | 7.83% |
| Median 3 years | 4.96% | 1.32% |
| Median 5 years | 16.31% | 10.49% |
| 10 years average annual | 4.82% | 5.03% |
| Weekly media advert. rent | $297.5 | $270 |
| Time on Market | 71.8 days | 117.5 days |
| Gross Rental Yield Percent | 4.72% | 5.23% |
High-end properties are softening in price, but investing too heavily in blue-chip areas can actually harm your cash flow. One buyer's agen...
When property investors hear oversupply, chances are an oversupply of units come to mind. However, the head of a real estate consultancy fir...
Most of Australia's major capital cities continued to record value falls last week, the most recent data shows. ...
Tighter lending regulations have rendered some investors unable to grow their portfolio, but experts believe that even in its softening phas...
A national property developer believes south-west Sydney will house the lion's share of Sydney's growth in the coming decade, months after r...
If you’ve been caught up by doom and gloom predictions of Sydney losing up to 40 per cent in value, chances are you’re looking at invest...