Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $446,250, Annual capital growth 3.00%, Number of sales 167, Weekly median advertised rent $360

Golden Grove Unit: Median price $273,500, Annual capital growth 2.10%, Number of sales 15, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$446,250 $273,500
0.00% -1.08%
-4.03% -14.53%
3.00% 2.10%
$360 $300
167 15
4.19% 5.70%
70.54 108.15

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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
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