Golden Square

POSTAL CODE: VIC, 3555

HOUSE

UNIT

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 8.21% for the past year.

Investors saw the median home price rise to $573,500.

Profits due to an upward trend in home prices in the suburb averaged 2.74% per annum over a 3-year period.

GOLDEN SQUARE now ranks at the 297th 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 $500 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 40.2 days.

In 2016, 232 properties were sold in GOLDEN SQUARE during the past year, making it the 426th most active market in VIC based on total real estate transactions.

GOLDEN SQUARE ranks 117th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

GOLDEN SQUARE, 3555 has a capital gain of 9.29% for the past year, which is lower than average compared to its 65.02% growth within a five-year period.

With the median home price in GOLDEN SQUARE sitting at $500,000, and the average rent at $460, property owners could potentially earn a 4.78% increase in gross rental yield.

Property investors have seen a 0% gain in GOLDEN SQUARE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that GOLDEN SQUARE, 3555 obtained a 7.25% growth over a ten-year period. It ranks 452nd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$573,500	$500,000
Growth Report
Median Quarterly	1.5%	0%
Median 12 month	8.21%	9.29%
Median 3 years	8.21%	25.94%
Median 5 years	39.88%	65.02%
10 years average annual	6.95%	7.25%
Weekly media advert. rent	$500	$460
Time on Market	40.2 days	33.2 days
Gross Rental Yield Percent	4.53%	4.78%

Demographics (Median Values)*

Total Population 19687

Weekly Household Income 1060

Household Size 2.30

Average Age 40

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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