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Golden Plains Shire, VIC

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The Golden Plains Shire is a local government area in Western Victoria. The Golden Plains Shire property market is characterised by a wide range of property types and prices, from affordable housing to luxury estates. The market is growing steadily, with new developments and subdivisions popping up all the time. The area is popular with families and retirees, and there is a strong community spirit in the region.

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The Golden Plains Shire economy is based on agriculture and tourism. The shire is a major producer of wheat, barley, and other grains. The shire also has a thriving tourism industry, with many visitors coming to enjoy the natural beauty of the area.

Technicians and trades workers account for 18.3 % of employment in Golden Plains, followed by professionals at 15.4 %, managers at 13.9 %, clerical and administrative workers at 11.9 %, and labourers at 11.1 %. In Golden Plains, the typical weekly personal income for residents aged 15 years and older is $628.

In Golden Plains, 98.8 % of occupied private residences are detached houses, 0.2 % are semi-detached, row or terrace houses, townhouses, or other buildings, 0.3 % are flats or apartments, and 0.4 % are other dwellings.

In general, the Golden Plains Shire property market is considered to be a sound investment option. There are a range of properties available in the area, from rural holdings to coastal towns, and prices vary to suit a range of budgets. The region is growing steadily, with new infrastructure and businesses being developed, and this is likely to continue into the future, making the area a desirable place to live and invest in.

Use the interactive dashboard below to assess Golden Plains suburbs for property investment opportunities.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Golden Plains Shire, VIC

What other property markets are there near Golden Plains Shire, VIC?

Golden Plains Shire is surrounded by 6 other council areas – Surf Coast, Colac Otway, Moorabool, Greater Geelong, Pyrenees, Corangamite.

How many people live in Golden Plains Shire, VIC?

There are approximately 22000 people living in roughly 8400 dwellings in total, with an average household size of 2.8.

What are current and planned infrastructure projects in Golden Plains Shire, VIC?

Notable infrastructure projects include Golden Plains Community and Civic Centre, Golden Plains Food Production Precinct, Bannockburn Civic Heart Precinct, Gheringhap Employment Precinct.

What major retailers are there in Golden Plains Shire, VIC?

The main retail centres are BANNOCKBURN PLAZA, Golden Plains Farmers’ Market, Faraway Boutique.

What is the main industry in Golden Plains Shire, VIC?

Such sectors as Agriculture, Forestry & Fishing, Construction, Education & Training, Retail Trade make up the largest part of the employment.

What are the dominant demographic groups in Golden Plains Shire, VIC?

Among approximately 22000 people in Golden Plains Shire males and females make roughly 51% and 49% respectively. The median age of people is 39 years. Children aged 0-14 years account for approximately 23% of the population, and those aged 65+ years account for 13%.

How is unemployment rate trending in Golden Plains Shire, VIC?

Among approximately 11000 people employed, roughly 56% work full-time, 33% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Grenville 3352, Haddon 3351, Hesse 3321, Illabarook 3351, Inverleigh 3321, Bamganie 3333, Bannockburn 3331, Lethbridge 3332, Barunah Park 3329, Mannibadar 3360, Maude 3331, Batesford 3213, Meredith 3333, Morrisons 3334, Mount Mercer 3352, Murgheboluc 3218, Napoleons 3352, Nintingbool 3351, Piggoreet 3351, Pitfield 3351, Berringa 3351, Rokewood 3330, Rokewood Junction 3351, Ross Creek 3351, Russells Bridge 3331, Scarsdale 3351, She Oaks 3331, Shelford 3329, Smythes Creek 3351, Springdallah 3351, Staffordshire Reef 3351, Steiglitz 3331, Stonehaven 3218, Sutherlands Creek 3331, Teesdale 3328, Wallinduc 3351, Willowvale 3360, Wingeel 3321, Newtown 3351, Happy Valley 3360, Anakie 3213, Cambrian Hill 3352, Cape Clear 3351, Corindhap 3352, Dereel 3352, Durdidwarrah 3342, Durham Lead 3352, Enfield 3352, Garibaldi 3352, Gheringhap 3331

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