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Investment Property Grovedale, VIC, 3216

Suburb Snapshot

Grovedale is a suburb in the Greater Geelong Region of Victoria. Grovedale has a population of 14,304 people and 23.89% of its occupants live in rental accommodation. The median listing price for houses is $649,000 and this has changed 0.00% over the past year and changed -1.67% over 2 years.

The median rent in Grovedale for houses is $500 per week and the median rental yield is 4.00%. Stock on the market for houses/townhouses has changed 9.52% compared to last year and the average time to sell a house/townhouse is 53 days.The median listing price for units is $447,500 and this has changed -2.51% over the past year. The average unit takes 142 days to sell and the median rent for a unit in Grovedale is $420 per week, producing a rental yield of 4.88%.

Supply & Demand in Grovedale, Greater Geelong

0.78%

Current vacancy rate


52

Rental stock available


14,304

Population


23.89%

Rental population


0.89%

Current vacancy rate


1,311

Rental stock available


233,426

Population


23.30%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Grovedale, Greater Geelong

  House Townhouses Units
Median listing price $649,000 $485,000 $447,500
Median price change - last quarter 0.00% 0.00% -1.65%
Median price change - 1 year 0.00% -0.82% -2.51%
Median price change - 2 years -1.67% NA -8.49%
  House Townhouses Units
Median weekly rent $500 NA $420
Median yield % 4.00% NA 4.88%
Median rent change - 1 year 4.16% NA 5.00%
  House Units
Previous month sales 21 2
Stock on market previous month 69 14
Stock variance vs. last year 9.52% -36.36%
Average days on market 53 142

Grovedale investment property listings

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