At number 2239th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Square, 3555 is in the BOTTOM 50% with a property value increase of 3.23% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Golden Square comes in at number 547th in VIC.
LACK OF BUYER INTEREST may well be the reason that Golden Square is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 202th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Golden Square the average time real estate has been on the market is 84.92 days.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 4.62%.
Golden Square, 3555 ranked 43th in VIC when comparing growth in median property values or capital gain over the last 12 months. Golden Square is one of 2098 in our list for VIC
Taking the average capital gain, or increase in median house value, Golden Square,3555 has racked up an average of 14.12% over the period. This ranks it number 1293th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Golden Square should be aiming for at least -7.95% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 43 properties changed hands in Golden Square, which puts it as the 199th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Golden Square being $268750 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.22%