Suburb Profile Report for Golden Point VIC (3350)

Golden Point House: Median price $375,000, Annual capital growth 5.78%, Number of sales 49, Weekly median advertised rent $315

Golden Point Unit: Median price $319,500, Annual capital growth 10.91%, Number of sales 24, Weekly median advertised rent $290

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

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

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  • House Report
  • Unit Report

Property investors who have had real estate in Golden Point, 3350 should be ok 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 0.81%

Over the longer term, Golden Point has seen property prices show investors a 27.12% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Golden Point is $375000, with sellers offering an average of -6.24% off the asking price.

In the last year 49 properties changed hands in Golden Point, which puts it as the 420th most active market in VIC when comparing the number of sales per suburb.

Golden Point, 3350’s gross rental yield is 4.37%

If you compare the increase in value of investment property in Golden Point, 3350 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.10%.

Over the longer term, Golden Point has seen property prices show investors a 33.13% return over the last 3 years. This is worse than over the last 12 months

Often selling an investment property can take time, and in Golden Point the average time real estate has been on the market is 58.6111 days.

Golden Point, 3350’s gross rental yield is 4.72%

Information supplied by:


November 2017

M
O

W
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Affordable suburb draws interest

Postcode: 3350

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.

Metrics i HOUSE UNIT
$375,000 $319,500
1.35% 3.06%
0.81% 13.10%
5.78% 10.91%
$315 $290
49 24
4.37% 4.72%
51.8421052631579 58.6111111111111

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

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 2186
Median household income ($/weekly) 871
Median age of persons 35
Median housing loan repayment ($/monthly) 1228
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 246 11.2
    25-34 years 336 15.4
    35-44 years 271 12.4
    45-54 years 269 12.3
    55-64 years 260 11.9
    Others 805 36.8
    Age Group
    Census Count Percent(%)
    Not Married 797 48.6
    Registered Married 627 38.3
    Defacto Relationship 215 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1808 88.5
    Croatia 42 2.1
    Papua New Guinea 20 1.0
    United Kingdom 60 2.9
    Other 36 1.8
    Others 77 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 1.1
    Christianity 1135 58.7
    Islam 9 0.5
    Other Religious Groups 22 1.1
    No Religion 737 38.1
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 82 10.1
    $400-$599 111 13.7
    $600-$799 117 14.5
    $800-$999 79 9.8
    $1,000-$1,249 97 12.0
    Others 323 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 621 36.2
    Employed, worked full-time 584 34.0
    Employed, worked part-time 380 22.1
    Unemployed, looking for work 78 4.5
    Employed, away from work 53 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 238 23.4
    Technicians & trades workers 156 15.3
    Community & personal service workers 136 13.3
    Clerical & administrative workers 136 13.3
    Labourers 106 10.4
    Others 247 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 38 7.1
    Infants/Primary 136 25.4
    Secondary 98 18.3
    Technical or Further Educational Institution 51 9.5
    University or other Tertiary Institutions 193 36.0
    Others 20 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1906 94.0
    Semi-detached, row or terrace house, townhouse 83 4.1
    Flat, unit or apartment 30 1.5
    House or flat attached to a shop, office 9 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 326 37.4
    Being purchased 284 32.6
    Fully owned 258 29.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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