All About Golden Square, Greater Bendigo, VIC, 3555

Golden Square, a suburb within Greater Bendigo, VIC, presents an intriguing blend of historical charm and modern convenience, making its housing market quite appealing to a diverse set of buyers. Traditionally, Golden Square has been known for its more affordable housing options compared to central Bendigo, attracting first-time homebuyers and investors looking for value. The suburb features a mixture of period homes, contemporary builds, and unit developments, offering various choices for potential homeowners. In recent years, the demand for properties has seen a steady increase, partly due to its proximity to Bendigo's center, making it a desirable location for those who wish to enjoy suburban life with easy access to urban amenities. The market trends show a robust interest in both buying and renting, driven by its community focus and the convenience it offers.

Living in Golden Square provides residents with a comfortable and community-oriented lifestyle. The suburb enjoys a range of local amenities including schools, parks, and shopping areas, catering to families and individuals alike. There's a strong sense of community, with local events and activities fostering a friendly neighborhood atmosphere. The area is well-serviced by public transport, making commutes to Bendigo's central business district straightforward. Recreation is well-supported with various parks and sports facilities, ensuring ample opportunities for outdoor activities. Golden Square balances the tranquility of suburban living with the vibrancy of a city edge location, making it an attractive choice for those seeking a harmonious blend of lifestyle and convenience.

Golden Square Real Estate Market Outlook

Thinking about buying in Golden Square? Now could not be a better time, with 5837 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $536,000 with prices in this suburb ranging from $44,000 to $1,990,000. The aproximate distance to the coast is 127 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Square due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Golden Square leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Golden Square to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Golden Square 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 Square a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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