Suburb Profile Report for Golden Square VIC (3555)

Golden Square House: Median price $315,800, Annual capital growth 4.49%, Number of sales 147, Weekly median advertised rent $283

Golden Square Unit: Median price $265,000, Annual capital growth 3.54%, Number of sales 42, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Golden Square is in the bottom 30% in VIC when comparing median price capital growth over the last year. Golden Square gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.78%.

Across a shorter period, Golden Square, 3555 has seen a median price increase of 0.25% over the last quarter.

The most recent median price for Golden Square is $315800, with sellers offering an average of -6.61% off the asking price.

In the last year 147 properties changed hands in Golden Square, which puts it as the 167th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3390 per annum or $282.5 every week.

Golden Square has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.53% to date .

Golden Square,3555 was ranked 1517 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Golden Square is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in VIC

Advertised rents are around the $270 mark per week – giving a return of 5.30% based on the median price in Suburb

HOUSE UNIT
$315,800 $265,000
0.25% -5.36%
2.78% 12.53%
4.49% 3.54%
$283 $270
147 42
4.65% 5.30%
86.38 107.74

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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Recent sales & rentals