Property value increases in Golden Point have tracked just higher than the VIC average of 8.62% over the last 12 months.
Golden Point,3350 has offered an average of 12.50% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.67% to buyers in Golden Point at the moment, which is less than average for the rest of VIC.
Golden Point is 112th on a list of best yielding suburbs for rents in VIC with a 4.62% return
Golden Point has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 34.03% to date .
Golden Point, 3350’s gross rental yield is 4.61%
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
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Affordable suburb draws interest
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