At number 956th in the list of Australian suburbs ordered by increase in median house value over the last year, Golden Grove, 5125 is in the top 30% with a property value increase of 20.39% recorded in median house prices.
While Golden Grove,5125 ranked number 61th in SA for increase in median house value (annualised) increase, it is ranked 44th over the last 5 years.
Golden Grove, 5125 is offering SA ‘s 142th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.
Renters in Suburb are facing rents around $20020 per annum or $385 every week.
Golden Grove has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 22.49% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Golden Grove has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
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.