Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $460,000, Annual capital growth 3.22%, Number of sales 174, Weekly median advertised rent $365

Golden Grove Unit: Median price $275,000, Annual capital growth 2.12%, Number of sales 14, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

SA has seen average median house prices change by 3.56% which means that Golden Grove, 5125 has done well for property investors by showing a capital gain of 4.55% over the last year

Golden Grove,5125 was ranked 2670 in Australia by increase in median property value over the quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Golden Grove itself are offering an average vendor discount of -5.01% to real estate investors.

Golden Grove, 5125’s gross rental yield is 4.13%

Property investors who have had real estate in Golden Grove, 5125 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.17%

Taking the average capital gain, or increase in median house value, Golden Grove,5125 has racked up an average of -5.17% over the period. This ranks it number 1571th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Golden Grove itself are offering an average vendor discount of -6.06% to real estate investors.

At number 951 in a list of fastest selling suburbs, Golden Grove is in the bottom 40% of suburbs in Australia with an average of days on market 87.84 for properties listed there.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$460,000 $275,000
0.00% 0.55%
4.55% -5.17%
3.22% 2.12%
$365 $315
174 14
4.13% 5.96%
69.13 87.84

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Golden Grove SA
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
Chart Table
Recent sales & rentals