Golden Grove has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -3.76% to date .
The five-year average increase in median property values for Golden Grove,5125 has given property investors a potential capital gain of 1.70% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Golden Grove itself are offering an average vendor discount of -5.45% to real estate investors.
At number 1475 in a list of fastest selling suburbs, Golden Grove is in the TOP 40% of suburbs in Australia with an average of days on market 72.06 for properties listed there.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Investment property in Golden Grove has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.57%
The five-year average increase in median property values for Golden Grove,5125 has given property investors a potential capital gain of -7.09% across each of those five years.
At number 68th of SA’s most discounted properties, Golden Grove is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $300 mark per week – giving a return of 5.67% based on the median price in Suburb