VIC/
Grovedale

Suburb Profile

Grovedale - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3216

house
unit

Property investors enjoyed capital gains of 9.33% 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 4.6% growth over a ten-year period. It ranks 1786th on our list of suburbs that property investors should look into.

GROVEDALE, 3216 has a capital gain of 9.33% for the past year, which is higher than average compared to its 20.59% growth within a five-year period.

With the median home price in GROVEDALE sitting at $410,000, and the average rent at $360, property owners could potentially earn a 4.57% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $410,000 $311,750
GROWTH REPORT
Median Quarterly 1.23% 0.56%
Median 12 month 9.33% 7.97%
Median 3 years 15.49% 4.79%
Median 5 years 20.59% 7.5%
10 years average annual 4.6% 3.94%
Weekly media advert. rent $360 $300
Time on Market 32.9 days 49.7 days
Gross Rental Yield Percent 4.57% 5%
demographics (median values)
Total Population
13184
Weekly Household Income
993.2
Household Size
2.60
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