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Grovedale

POSTAL CODE: VIC, 3216
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Property investors enjoyed capital gains of 8.11% 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 7.1% growth over a ten-year period. It ranks 1923rd on our list of suburbs that property investors should look into.

GROVEDALE, 3216 has a capital gain of 8.11% for the past year, which is higher than average compared to its 29.44% growth within a five-year period.

With the median home price in GROVEDALE sitting at $720,000, and the average rent at $530, property owners could potentially earn a 3.83% 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.

Surburb overview

Grovedale is a large residential suburb of Geelong in Victoria, located approximately 7 kilometres south of the Geelong central business district and about 75 kilometres south-west of Melbourne. The suburb sits within the City of Greater Geelong and forms part of the southern growth corridor linking urban Geelong with the Surf Coast region.

According to recent census data, Grovedale has a substantial and growing population, with a demographic mix that includes families, first home buyers, and established residents, and a median age slightly below the national average. Housing in Grovedale is predominantly detached dwellings, ranging from post-war homes to contemporary estates, along with increasing medium-density developments reflecting ongoing subdivision and urban expansion.

The suburb is serviced by Waurn Ponds railway station on the Geelong line, providing V/Line train services to Melbourne and regional centres, supporting commuting patterns. Public bus routes operate throughout Grovedale, connecting residents to nearby suburbs, shopping centres, and central Geelong. Key road networks include the Surf Coast Highway and Torquay Road, which provide direct access to the Geelong CBD and coastal destinations such as Torquay and the Great Ocean Road.

Grovedale offers a range of local amenities, including shopping precincts, supermarkets, and services, with larger retail hubs located nearby at Waurn Ponds Shopping Centre. Educational facilities are a notable feature, with several primary schools, Grovedale College, and proximity to tertiary institutions such as Deakin University’s Waurn Ponds campus. Recreational opportunities include local parks, reserves, and sporting facilities, as well as access to the Waurn Ponds Creek trail and nearby natural areas.

The suburb has experienced consistent development in recent years, supported by infrastructure investment and population growth in the Geelong region. Grovedale continues to function as a key residential area within southern Geelong, offering access to education, transport, and coastal and urban amenities.

 

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