Investment property in Golden Square 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 -4.00%
Golden Square,3555 has offered an average of -4.00% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Golden Square itself are offering an average vendor discount of -6.67% to real estate investors.
Situated 131.66km from the CBD, Golden Square is one of Greater Bendigo localities in the postcode 3555.
At number 347th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Square, 3555 is in the top 30% with a property value increase of 11.95% recorded in median house prices.
While Golden Square,3555 ranked number 44th in VIC for increase in median house value (annualised) increase, it is ranked 93th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Golden Square is offering property investors an average of -5.27. This rate of discount on properties puts Suburb at number 112th in terms of most discounted suburbs in VIC
In the last year 34 properties changed hands in Golden Square, which puts it as the 228th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $260 weekly from the median priced house in this suburb.