Suburb Profile Report for Golden Square VIC (3555)

Golden Square House: Median price $315,000, Annual capital growth 4.72%, Number of sales 151, Weekly median advertised rent $285

Golden Square Unit: Median price $295,000, Annual capital growth 3.83%, Number of sales 38, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2593th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Square, 3555 is in the BOTTOM 40% with a property value increase of 1.61% recorded in median house prices.

The five-year average increase in median property values for Golden Square,3555 has given property investors a potential capital gain of 16.68% across each of those five years.

Golden Square3555 is located in VIC which offers an average discount of -6.04% to property investors. Golden Square itself is showing figures that indicate -6.73% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Golden Square being $315000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 4.70%

Property investors who have had real estate in Golden Square, 3555 should be 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 26.61%

Golden Square,3555 was ranked 192 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Golden Square itself are offering an average vendor discount of -5.63% to real estate investors.

HOUSE UNIT
$315,000 $295,000
5.35% 5.83%
1.61% 26.61%
4.72% 3.83%
$285 $260
151 38
4.70% 4.58%
82.57 109.5

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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