Suburb Profile Report for Golden Square VIC (3555)

Golden Square House: Median price $308,000, Annual capital growth 4.01%, Number of sales 154, Weekly median advertised rent $280

Golden Square Unit: Median price $245,000, Annual capital growth 3.16%, Number of sales 38, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 3.53% for the last 12 months, Golden Square, 3555 has performed for property investments than its average annual 4.01% property growth over the last 5 years.

Golden Square,3555 was ranked 2704 in Australia by increase in median property value over the quarter.

Vendor discounting in Golden Square is giving property investors an average Vendor Discount of around -7.27%. This puts suburb at number 129th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 4.01%, investors should hope to achieve an overall return of 4.73%

Property value increases in Golden Square have tracked lower than the VIC average of 4.83% over the last 12 months.

Golden Square,3555 was ranked 1557 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 -4.95. This rate of discount on properties puts Suburb at number 14th 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 116.33 days.

The VIC suburb of Golden Square, 3555 is in the Greater Bendigo local government area.

Metrics i HOUSE UNIT
$308,000 $245,000
0.16% -5.77%
3.53% -11.31%
4.01% 3.16%
$280 $275
154 38
4.73% 5.84%
90.28 116.33

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
Chart Table
Recent sales & rentals