At number 2907th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Grove, 5125 is in the BOTTOM 40% with a property value increase of 0.65% recorded in median house prices.
Comparing Golden Grove,5125 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Golden Grove should be aiming for at least -5.34% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.41%, investors should hope to achieve an overall return of 4.03%
Over the last year, property investments in Golden Grove, 5125 have given investors a capital gain of -6.89%. This compares very badly with the 3.52% for SA as a whole.
Over the longer term, Golden Grove has seen property prices show investors a -10.33% return over the last 3 years. This is an improvement over the last 12 months
Golden Grove5125 is located in SA which offers an average discount of -6.37% to property investors. Golden Grove itself is showing figures that indicate -6.57% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Golden Grove, 5125’s gross rental yield is 6.08%