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%