Golden Grove has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.03% to date .
A 2.59% growth in median value for property investors in Golden Grove,5125 puts this suburb at number 248th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Golden Grove are currently offering property investors an average price cut of -5.32% below the asking price at the moment.
Often selling an investment property can take time, and in Golden Grove the average time real estate has been on the market is 70.54 days.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Over the last year, property investments in Golden Grove, 5125 have given investors a capital gain of -14.53%. This compares very badly with the 4.44% for SA as a whole.
The five-year average increase in median property values for Golden Grove,5125 has given property investors a potential capital gain of -8.60% across each of those five years.
Property investors looking for a bargain in Golden Grove should be aiming for at least -7.38% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1227 in a list of fastest selling suburbs, Golden Grove is in the bottom 20% of suburbs in Australia with an average of days on market 108.15 for properties listed there.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.70%, without taking into account capital value appreciation, which has been averaging out at 2.10%.