Golden Grove has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.86% to date .
Taking the average capital gain, or increase in median house value, Golden Grove,5125 has racked up an average of -0.86% over the period. This ranks it number 2148th 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 -6.50. This rate of discount on properties puts Suburb at number 262th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 15.00 sales per month, which equates to 180 per year.
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 -8.07%
Golden Grove,5125 was ranked 1160 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.42% offered to property buyers. Sellers in Golden Grove itself are offering an average vendor discount of -6.57% to real estate investors.
In the last year 14 properties changed hands in Golden Grove, which puts it as the 159th most active market in SA when comparing the number of sales per suburb.
Golden Grove is 20th on a list of best yielding suburbs for rents in SA with a 6.08% return