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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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GrovedaleGrovedale - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 20% over the last 12 months in GROVEDALE, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.85% growth over a ten-year period. It ranks 1529th on our list of suburbs that property investors should look into.
GROVEDALE, 3216 has a capital gain of 20% for the past year, which is higher than average compared to its 65% growth within a five-year period.
With the median home price in GROVEDALE sitting at $660,000, and the average rent at $440, property owners could potentially earn a 3.47% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GROVEDALE are low, as opposed to average gains per annum over the past five years.
GROVEDALE, 3216 in VIC belongs to the local government area of Greater Geelong (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $509,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5.6% | 2.93% |
| Median 12 month | 20% | 17.13% |
| Median 3 years | 35.25% | 41.31% |
| Median 5 years | 65% | 64.35% |
| 10 years average annual | 6.85% | 7.47% |
| Weekly media advert. rent | $440 | $362.5 |
| Time on Market | 19.6 days | 24.9 days |
| Gross Rental Yield Percent | 3.47% | 3.7% |
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