Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $468,500, Annual capital growth 3.40%, Number of sales 178, Weekly median advertised rent $360

Golden Grove Unit: Median price $278,000, Annual capital growth 2.13%, Number of sales 11, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Golden Grove, 5125 ranked 227th in SA when comparing growth in median property values or capital gain over the last 12 months. Golden Grove is one of 853 in our list for SA

While Golden Grove,5125 ranked number 67th in SA for increase in median house value (annualised) increase, it is ranked 250th over the last 5 years.

Property buyers and investors in Golden Grove 5125 should be seeing an average reduction in asking price of around -5.55% . This means that Golden Grove is holding prices well when compared to other suburbs in SA.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.00%, without taking into account capital value appreciation, which has been averaging out at 3.40%.

Golden Grove has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -6.55% to date .

Across a shorter period, Golden Grove, 5125 has seen a median price increase of 1.65% over the last quarter.

Situated 11.41km from the CBD, Golden Grove is one of Tea Tree Gully localities in the postcode 5125.

Metrics i HOUSE UNIT
$468,500 $278,000
4.99% 1.65%
2.97% -6.55%
3.40% 2.13%
$360 $315
178 11
4.00% 5.89%
70.17 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Golden Grove SA
Demographics
Total population 9429
Median household income ($/weekly) 1427
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1296 13.7
    25-34 years 937 9.9
    35-44 years 1345 14.3
    45-54 years 1647 17.5
    55-64 years 1124 11.9
    Others 3080 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 4073 56.8
    Not Married 2600 36.3
    Defacto Relationship 493 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6771 73.8
    Papua New Guinea 75 0.8
    South Africa 90 1.0
    United Kingdom 1401 15.3
    Other 211 2.3
    Others 622 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.7
    Christianity 6042 69.0
    Hinduism 61 0.7
    Islam 63 0.7
    No Religion 2473 28.3
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 292 9.3
    $600-$799 269 8.5
    $1,500-$1,999 446 14.2
    $2,000-$2,499 386 12.3
    $2,500-$2,999 293 9.3
    Others 1461 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3063 41.2
    Not in the labour force 2203 29.6
    Employed, worked part-time 1696 22.8
    Employed, away from work 264 3.6
    Unemployed, looking for work 206 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 685 13.6
    Professionals 984 19.6
    Technicians & trades workers 655 13.0
    Clerical & administrative workers 934 18.6
    Sales 616 12.3
    Others 1147 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 98 4.1
    Infants/Primary 919 38.5
    Secondary 703 29.5
    Technical or Further Educational Institution 208 8.7
    University or other Tertiary Institutions 407 17.1
    Others 51 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8233 91.1
    Semi-detached, row or terrace house, townhouse 640 7.1
    Flat, unit or apartment 161 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1559 45.6
    Fully owned 975 28.5
    Rented 761 22.3
    Other tenure type 122 3.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals