Investment property in Golden Grove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.68%
If we look at median property appreciation over just the last three months, Golden Grove has given property investors a paper return of 1.68%. This puts Suburb as 162 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Golden Grove is $485000, with sellers offering an average of -5.30% off the asking price.
Advertised rents are around the $390 mark per week – giving a return of 4.18% based on the median price in Suburb
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.