Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $465,000, Annual capital growth 3.41%, Number of sales 178, Weekly median advertised rent $360

Golden Grove Unit: Median price $273,500, Annual capital growth 2.19%, Number of sales 14, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2907th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Grove, 5125 is in the BOTTOM 40% with a property value increase of 0.65% recorded in median house prices.

Comparing Golden Grove,5125 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Golden Grove should be aiming for at least -5.34% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.41%, investors should hope to achieve an overall return of 4.03%

Over the last year, property investments in Golden Grove, 5125 have given investors a capital gain of -6.89%. This compares very badly with the 3.52% for SA as a whole.

Over the longer term, Golden Grove has seen property prices show investors a -10.33% return over the last 3 years. This is an improvement over the last 12 months

Golden Grove5125 is located in SA which offers an average discount of -6.37% to property investors. Golden Grove itself is showing figures that indicate -6.57% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

Golden Grove, 5125’s gross rental yield is 6.08%

Metrics i HOUSE UNIT
$465,000 $273,500
1.09% -4.95%
0.65% -6.89%
3.41% 2.19%
$360 $320
178 14
4.03% 6.08%
70.92 91.41

Source: CoreLogic

DSR Score for property investment : 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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Recent sales & rentals