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%
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