Suburb Profile Report for Golden Square VIC (3555)

Golden Square House: Median price $306,500, Annual capital growth 3.95%, Number of sales 143, Weekly median advertised rent $285

Golden Square Unit: Median price $264,500, Annual capital growth 3.85%, Number of sales 49, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Golden Square, 3555 have given investors a capital gain of -1.13%. This compares very badly with the 8.27% for VIC as a whole.

While Golden Square,3555 ranked number 614th in VIC for increase in median house value (annualised) increase, it is ranked 498th over the last 5 years.

At number 172th of VIC’s most discounted properties, Golden Square is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $285 weekly from the median priced house in this suburb.

Property investors who have had real estate in Golden Square, 3555 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.21%

A 12.55% growth in median value for property investors in Golden Square,3555 puts this suburb at number 226th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -7.49% to buyers in Golden Square at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.

Property investors should expect to get $270 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$306,500 $264,500
-2.70% -0.19%
-1.13% 10.21%
3.95% 3.85%
$285 $270
143 49
4.84% 5.31%
79.29 102.77

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 8301
Median household income ($/weekly) 930
Median age of persons 36
Median housing loan repayment ($/monthly) 1235
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 929 11.2
    25-34 years 1198 14.4
    35-44 years 979 11.8
    45-54 years 985 11.9
    55-64 years 943 11.4
    Others 3268 39.4
    Age Group
    Census Count Percent(%)
    Not Married 2823 46.8
    Registered Married 2570 42.6
    Defacto Relationship 642 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 7380 93.3
    New Zealand 25 0.3
    Papua New Guinea 64 0.8
    United Kingdom 153 1.9
    Other 90 1.1
    Others 196 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.6
    Christianity 4976 66.8
    Hinduism 23 0.3
    Other Religious Groups 14 0.2
    No Religion 2388 32.0
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 294 9.9
    $400-$599 434 14.5
    $600-$799 371 12.4
    $800-$999 342 11.5
    $1,500-$1,999 373 12.5
    Others 1169 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2413 37.9
    Employed, worked full-time 2282 35.8
    Employed, worked part-time 1270 19.9
    Employed, away from work 207 3.2
    Unemployed, looking for work 203 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 679 18.1
    Technicians & trades workers 584 15.5
    Clerical & administrative workers 502 13.4
    Sales 426 11.3
    Labourers 498 13.3
    Others 1068 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 132 7.5
    Infants/Primary 587 33.3
    Secondary 482 27.3
    Technical or Further Educational Institution 259 14.7
    University or other Tertiary Institutions 235 13.3
    Others 69 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6962 91.0
    Flat, unit or apartment 335 4.4
    Semi-detached, row or terrace house, townhouse 261 3.4
    Caravan, cabin, houseboat 92 1.2
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1084 33.8
    Rented 1055 32.9
    Fully owned 1052 32.8
    Other tenure type 17 0.5
    Tenure Type
Census 2011, ABS
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