Golden Point, a charming suburb of Ballarat, VIC, offers a distinctive blend of historic charm and modern convenience, making it an appealing spot for homebuyers and renters alike. The housing market in Golden Point is characterized by a mixture of heritage homes that showcase the area's rich history and newer developments that cater to the needs of contemporary living. The area has experienced steady growth in property values over recent years, attributed to Ballarat's increasing popularity as a satellite city for Melbourne. This growth has been complemented by ongoing investments in infrastructure and local amenities, enhancing the overall appeal of Golden Point. Potential buyers and investors are drawn to the suburb's close proximity to Ballarat's city center, the availability of public transportation, and the scenic natural beauty that encompasses the area.
Living in Golden Point offers residents a lifestyle that beautifully balances the tranquility of suburban life with the vibrancy of city amenities. The suburb is known for its lush greenery, including the iconic Sovereign Hill and proximity to picturesque walking trails and parks, providing ample opportunities for outdoor recreation and relaxation. The community atmosphere is friendly and welcoming, with a blend of families, young professionals, and retirees contributing to a diverse social fabric. Golden Point's local cafes, schools, and shops add to its small-town charm, while Ballarat's larger shopping centers and entertainment venues are just a short drive away. Overall, living in Golden Point presents a harmonious blend of history, culture, and convenience, making it a desirable location for those seeking a peaceful yet connected lifestyle.
Median Weekly Rent | $288.33 |
Median Monthly Mortgage | $1211.83 |
Median Persons Per bed houseroom | 0.73 |
Average Household Size | 2.00 |
Average Age | 36.67 |
Average Income | $702.17 |
Average Cars Per Dwelling | 1.50 |
Average Properties Within 50M | 13 |
Typical 1 bed house | $443,000 |
Typical 2 bed house | $437,000 |
Typical 3 bed house | $600,000 |
Typical 4 bed house | $709,000 |
Typical 5 bed house | $627,000 |
Typical 6 bed+ house | $641,000 |
Housing Stock
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Thinking about buying in Golden Point? Now could not be a better time, with 1603 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $590,000 with prices in this suburb ranging from $223,000 to $1,244,000. The aproximate distance to the coast is 71 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Golden Point due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Golden Point changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Golden Point requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Golden Point we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Golden Point a better buying opportunity than it may have been in the past.
Instant Property ValuationCanadian Lead Primary School
Mount Pleasant Primary School
Ballarat Primary School (Dana Street)
St Alipius' Parish School
St Patrick's School
Macarthur Street Primary School
St Aloysius' School
Black Hill Primary School
(While the above schools are located with the suburb of Golden Point there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
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