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Golden Square
AREA REPORTS

Golden Square

Golden Square - 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 15.37% for the past year.

Investors saw the median home price rise to $392,250.

Profits due to an upward trend in home prices in the suburb averaged 7.27% per annum over a 3-year period.

GOLDEN SQUARE now ranks at the 207th 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 $350 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 41.8 days.

In 2016, 165 properties were sold in GOLDEN SQUARE during the past year, making it the 533rd most active market in VIC based on total real estate transactions.

Data report can be found below

Golden Square
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $392,250 $295,500
GROWTH REPORT
Median Quarterly 4.11% 5.72%
Median 12 month 15.37% 5.63%
Median 3 years 21.82% 11.51%
Median 5 years 26.53% 18.25%
10 years average annual 4.1% 3.16%
Weekly media advert. rent $350 $310
Time on Market 41.8 days 64.6 days
Gross Rental Yield Percent 4.64% 5.46%
demographics (median values)*
Total Population
19687
Weekly Household Income
1060
Household Size
2.30
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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