Golden Grove is a well-established suburb in South Australia within the Tea Tree Gully local government area (postcode 5125). With a population of 10,299, the suburb has an established demographic with a median age of 44. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Golden Grove is $940,000, having increased 4.4% over the past year. Units have a median price of $552,000 (+13.2% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,686.
Golden Grove is served by 4 schools, including 1 primary, 2 secondary, 1 combined. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 75 bus stops. The crime rate in the Tea Tree Gully LGA is moderate at 4,282 incidents per 100,000 population.
From an investment perspective, Golden Grove offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($940K/$950K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +4.4% year-on-year.
Golden Grove is a well-established suburb in South Australia within the Tea Tree Gully local government area (postcode 5125). With a population of 10,299, the suburb has an established demographic with a median age of 44. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Golden Grove is $940,000, having increased 4.4% over the past year. Units have a median price of $552,000 (+13.2% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,686.
Golden Grove is served by 4 schools, including 1 primary, 2 secondary, 1 combined. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 75 bus stops. The crime rate in the Tea Tree Gully LGA is moderate at 4,282 incidents per 100,000 population.
From an investment perspective, Golden Grove offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($940K/$950K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +4.4% year-on-year.