AREA REPORTS

Golden Square

Suburb Profile

Golden Square - FREE SUBURB PROFILE REPORT
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 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.

Data report can be found below

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%
demographics (median values)
Total Population
8173
Weekly Household Income
802.1
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Cash flow

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...

housing oversupply

House-and-land developments concerning lenders, says property consultant

When property investors hear oversupply, chances are an oversupply of units come to mind. However, the head of a real estate consultancy fir...

House property

Only one major capital city sees value rise

Most of Australia's major capital cities continued to record value falls last week, the most recent data shows. ...

best time to buy

The best time to buy in the current property market

Tighter lending regulations have rendered some investors unable to grow their portfolio, but experts believe that even in its softening phas...

Badgerys Creek

Developer eyes Sydney’s south-west as boom area

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...

Two girls hugging

Embrace big property downturns, investors told

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...