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.
GOLDEN SQUARE ranks 322nd 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 7.83% for the past year, which is higher than average compared to its 10.49% growth within a five-year period.
With the median home price in GOLDEN SQUARE sitting at $268,500, and the average rent at $270, property owners could potentially earn a 5.23% increase in gross rental yield.
Property investors have seen a 1.32% 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 5.03% growth over a ten-year period. It ranks 684th on our list of suburbs that property investors should look into.