Mortgage broker Golden Square
Golden Square is a suburb of Bendigo in Victoria with a population of roughly 10,000. Gold was discovered in the bed of the Bendigo Creek in the spring of 1851, about 200 metres from where the Golden Square Hotel now stands, sparking the gold rush that established the Australian city of Bendigo.
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The Median house sale price range is $500,000 with a 45% increase in the last 4 years (March 2020-March 2024), the corresponding previous 4 years showed a 14% rise.
Profits due to an upward trend in home prices in the suburb averaged 7.44% per annum over a 3-year period.
GOLDEN SQUARE now ranks at the 125th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
With the median unit price in GOLDEN SQUARE sitting at $398,750, and the average rent at $392.5, property owners could potentially earn a 5.12% increase in gross rental yield.
Property investors have seen a 2.24% gain in GOLDEN SQUARE based on an increase in median unit prices for the past three months.
*As at 24/7/2024 (Data sourced from Realestate.com.au/Core Logic & Smart Property Investment)
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Contact Nathan Newlan and the team at Mortgage Choice on 03 5441 3600 or email nathan.newlan@mortgagechoice.com.au
The right home loan for your needs
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~