Suburb Profile Report for Golden Point VIC (3350)

Golden Point House: Median price $295,000, Annual capital growth 3.93%, Number of sales 64, Weekly median advertised rent $270

Golden Point Unit: Median price $295,000, Annual capital growth 11.74%, Number of sales 13, Weekly median advertised rent $253

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 11.69% which means that Golden Point, 3350 has done well for property investors by showing a capital gain of -5.08% over the last year

Across a shorter period, Golden Point, 3350 has seen a median price increase of -5.08% over the last quarter.

Sellers are offering property buyers an average discount of -5.42% to buyers in Golden Point at the moment, which is less than average for the rest of VIC.

Golden Point, 3350’s gross rental yield is 5.01%

Property investors who have had real estate in Golden Point, 3350 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 15.53%

Across a shorter period, Golden Point, 3350 has seen a median price increase of 19.73% over the last quarter.

With the median price for a house in Golden Point being $305000 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 4.35%

Information supplied by:


November 2017

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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
$295,000 $295,000
5.36% 3.51%
-1.67% 11.74%
3.93% 11.74%
$270 $253
64 13
4.76% 4.45%
58.02 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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
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