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.
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