With a capital gain of 11.23% for the last 12 months, Golden Grove, 5125 has performed for property investments than its average annual 2.94% property growth over the last 5 years.
Across a shorter period, Golden Grove, 5125 has seen a median price increase of 6.33% over the last quarter.
At number 154th of SA’s most discounted properties, Golden Grove is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.
Information supplied by:
Median unit price: $336,600
Three-year growth: -8.8%
Rental yield: 5.4%
The suburb of Golden Grove lies on the outer fringes of Adelaide, bordered by Wynn Vale, Surrey Downs, Fairview Park and Salisbury East, among others.
The suburb has had some ups and downs in terms of growth. In 2013, prices went up, if only slightly, before plummeting in 2015. In 2018, values inched up again, but it remains to be seen if this positivity will continue into 2019.
The homestead of original founder Captain Adam Robertson has been preserved, and the suburb is rich in amenities, including schools, shopping and sports. Gleeson College, Pedare Christian College and Golden Grove High School are regarded as the three major high schools in the district. The Golden Grove Recreation Centre is part of the school complex as well. The Golden Grove Village Shopping Centre is well stocked with supermarkets and dining options.