Suburb Profile Report for Golden Grove SA (5125)

Golden Grove House: Median price $525,000, Annual capital growth 2.94%, Number of sales 146, Weekly median advertised rent $380

Golden Grove Unit: Median price $307,500, Annual capital growth 1.00%, Number of sales 12, Weekly median advertised rent $330

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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:


December 2018

M
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W
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Prices seesaw

Postcode: 5125

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.

Metrics i HOUSE UNIT
$525,000 $307,500
6.33% 0.00%
11.23% N/A
2.94% 1.00%
$380 $330
146 12
3.76% 5.58%
74.6 N/A

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Excellent (U)
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Demographics
Total population 9429
Median household income ($/weekly) 1427
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1296 13.7
    25-34 years 937 9.9
    35-44 years 1345 14.3
    45-54 years 1647 17.5
    55-64 years 1124 11.9
    Others 3080 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 4073 56.8
    Not Married 2600 36.3
    Defacto Relationship 493 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6771 73.8
    Papua New Guinea 75 0.8
    South Africa 90 1.0
    United Kingdom 1401 15.3
    Other 211 2.3
    Others 622 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.7
    Christianity 6042 69.0
    Hinduism 61 0.7
    Islam 63 0.7
    No Religion 2473 28.3
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 292 9.3
    $600-$799 269 8.5
    $1,500-$1,999 446 14.2
    $2,000-$2,499 386 12.3
    $2,500-$2,999 293 9.3
    Others 1461 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3063 41.2
    Not in the labour force 2203 29.6
    Employed, worked part-time 1696 22.8
    Employed, away from work 264 3.6
    Unemployed, looking for work 206 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 685 13.6
    Professionals 984 19.6
    Technicians & trades workers 655 13.0
    Clerical & administrative workers 934 18.6
    Sales 616 12.3
    Others 1147 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 98 4.1
    Infants/Primary 919 38.5
    Secondary 703 29.5
    Technical or Further Educational Institution 208 8.7
    University or other Tertiary Institutions 407 17.1
    Others 51 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8233 91.1
    Semi-detached, row or terrace house, townhouse 640 7.1
    Flat, unit or apartment 161 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1559 45.6
    Fully owned 975 28.5
    Rented 761 22.3
    Other tenure type 122 3.6
    Tenure Type
Census 2011, ABS
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