Suburb Profile Report for Golden Point VIC (3350)

Golden Point House: Median price $303,000, Annual capital growth 4.26%, Number of sales 67, Weekly median advertised rent $280

Golden Point Unit: Median price $305,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $253

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Golden Point is in the bottom 40% in VIC when comparing median price capital growth over the last year. Golden Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.97%.

If we look at median property appreciation over just the last three months, Golden Point has given property investors a paper return of 2.19%. This puts Suburb as 287 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Golden Point should be aiming for at least -4.18% off the asking price, which is the average vendor discount being achieved at the moment.

At number 20th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Point, 3350 is in the top 10% with a property value increase of 38.79% recorded in median house prices.

While Golden Point,3350 ranked number 106th in VIC for increase in median house value (annualised) increase, it is ranked 216th over the last 5 years.

Situated 100.72km from the CBD, Golden Point is one of Ballarat localities in the postcode 3350.

Information supplied by:


November 2017

M
O

W
E
Bordered by the Yarrowee River, Golden Point is suburb of Ballarat, situated around 100km from Melbourne. Housing stock in this suburb is largely comprised of charming brick homes, terraces houses and art deco residencesFull summary

Affordable suburb draws interest

Postcode: 3350

Median house price: $295,000

Three-year growth: 13.9%

Rental yield: 4.8%

Bordered by the Yarrowee River, Golden Point is suburb of Ballarat, situated around 100km from Melbourne. Housing stock in this suburb is largely comprised of charming brick homes, terraces houses and art deco residences.

Residents are close to employment, with Golden Point – which was once known as Poverty Point – providing inner city living with ready access to public transport, whilst also being within walking distance of the central business district. It is also home to the popular tourism destination Sovereign Hill Historic Park, an open-air museum depicting the gold rush.

For investors, there may be opportunities to add value by renovating homes built 70 years earlier, and for those looking for development opportunities, there may be homes in the area suited to subdivision and development.

Close
Metrics i HOUSE UNIT
$303,000 $305,000
2.19% 3.39%
6.97% 38.79%
4.26% N/A
$280 $253
67 12
4.81% 4.30%
53.25 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Golden Point VIC
Demographics
Total population 2186
Median household income ($/weekly) 871
Median age of persons 35
Median housing loan repayment ($/monthly) 1228
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 246 11.2
    25-34 years 336 15.4
    35-44 years 271 12.4
    45-54 years 269 12.3
    55-64 years 260 11.9
    Others 805 36.8
    Age Group
    Census Count Percent(%)
    Not Married 797 48.6
    Registered Married 627 38.3
    Defacto Relationship 215 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1808 88.5
    Croatia 42 2.1
    Papua New Guinea 20 1.0
    United Kingdom 60 2.9
    Other 36 1.8
    Others 77 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 1.1
    Christianity 1135 58.7
    Islam 9 0.5
    Other Religious Groups 22 1.1
    No Religion 737 38.1
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 82 10.1
    $400-$599 111 13.7
    $600-$799 117 14.5
    $800-$999 79 9.8
    $1,000-$1,249 97 12.0
    Others 323 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 621 36.2
    Employed, worked full-time 584 34.0
    Employed, worked part-time 380 22.1
    Unemployed, looking for work 78 4.5
    Employed, away from work 53 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 238 23.4
    Technicians & trades workers 156 15.3
    Community & personal service workers 136 13.3
    Clerical & administrative workers 136 13.3
    Labourers 106 10.4
    Others 247 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 38 7.1
    Infants/Primary 136 25.4
    Secondary 98 18.3
    Technical or Further Educational Institution 51 9.5
    University or other Tertiary Institutions 193 36.0
    Others 20 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1906 94.0
    Semi-detached, row or terrace house, townhouse 83 4.1
    Flat, unit or apartment 30 1.5
    House or flat attached to a shop, office 9 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 326 37.4
    Being purchased 284 32.6
    Fully owned 258 29.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals