Grovedale

POSTAL CODE: VIC, 3216

HOUSE

UNIT

Property investors enjoyed capital gains of 4.35% 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 6.7% growth over a ten-year period. It ranks 2161st on our list of suburbs that property investors should look into.

GROVEDALE, 3216 has a capital gain of 4.35% for the past year, which is lower than average compared to its 26.59% growth within a five-year period.

With the median home price in GROVEDALE sitting at $695,000, and the average rent at $520, property owners could potentially earn a 3.89% 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.

Based on its average 5-year and quarterly capital gains GROVEDALE, 3216 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.64% growth over a ten-year period. It ranks 575th on our list of suburbs that property investors should look into.

GROVEDALE, 3216 in VIC belongs to the local government area of Greater Geelong.

GROVEDALE, 3216 has a capital gain of 1.51% for the past year, which is lower than average compared to its 13.23% growth within a five-year period.

With the median home price in GROVEDALE sitting at $505,000, and the average rent at $440, property owners could potentially earn a 4.53% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$695,000	$505,000
Growth Report
Median Quarterly	2.96%	-0.83%
Median 12 month	4.35%	1.51%
Median 3 years	-0.71%	-3.72%
Median 5 years	26.59%	13.23%
10 years average annual	6.7%	6.64%
Weekly media advert. rent	$520	$440
Time on Market	33.5 days	65.7 days
Gross Rental Yield Percent	3.89%	4.53%

Demographics (Median Values)*

Total Population 56284

Weekly Household Income 1370

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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