Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $450,000, Annual capital growth 3.35%, Number of sales 165, Weekly median advertised rent $353

Golden Grove Unit: Median price $275,000, Annual capital growth 2.31%, Number of sales 16, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Golden Grove, 5125 ranked 355th 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

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Golden Grove has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Golden Grove are currently offering property investors an average price cut of -5.00% below the asking price at the moment.

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 -14.06%

Taking the average capital gain, or increase in median house value, Golden Grove,5125 has racked up an average of -14.06% over the period. This ranks it number 1507th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Golden Grove is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 21th in terms of most discounted suburbs in SA

Residents and property investors in Golden Grove have been waiting around 122.42 days to sell a property.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.31%, investors should hope to achieve an overall return of 5.67%

HOUSE UNIT
$450,000 $275,000
2.16% -5.17%
-1.96% -14.06%
3.35% 2.31%
$353 $300
165 16
4.07% 5.67%
66.1 122.42

Source: CoreLogic

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