Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $447,500, Annual capital growth 2.98%, Number of sales 170, Weekly median advertised rent $360

Golden Grove Unit: Median price $275,000, Annual capital growth 2.21%, Number of sales 15, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Golden Grove has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -3.76% to date .

The five-year average increase in median property values for Golden Grove,5125 has given property investors a potential capital gain of 1.70% across each of those five years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Golden Grove itself are offering an average vendor discount of -5.45% to real estate investors.

At number 1475 in a list of fastest selling suburbs, Golden Grove is in the TOP 40% of suburbs in Australia with an average of days on market 72.06 for properties listed there.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

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 -10.57%

The five-year average increase in median property values for Golden Grove,5125 has given property investors a potential capital gain of -7.09% across each of those five years.

At number 68th of SA’s most discounted properties, Golden Grove is in the middle of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $300 mark per week – giving a return of 5.67% based on the median price in Suburb

HOUSE UNIT
$447,500 $275,000
-0.28% N/A
-3.76% -10.57%
2.98% 2.21%
$360 $300
170 15
4.18% 5.67%
72.06 96.41

Source: CoreLogic

DSR Score for property investment : Good (H), 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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