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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 $650,000 and this has changed 0.15% over the past year and changed -2.85% 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 1.59% compared to last year and the average time to sell a house/townhouse is 56 days.The median listing price for units is $459,000 and this has changed 0.87% over the past year. The average unit takes 115 days to sell and the median rent for a unit in Grovedale is $430 per week, producing a rental yield of 4.87%.

Supply & Demand in Grovedale, Greater Geelong

0.93%

Current vacancy rate


62

Rental stock available


14,304

Population


23.89%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

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 $650,000 $489,000 $459,000
Median price change - last quarter 0.00% 0.00% -1.65%
Median price change - 1 year 0.15% 0.41% 0.87%
Median price change - 2 years -2.85% NA -6.14%
  House Townhouses Units
Median weekly rent $500 NA $430
Median yield % 4.00% NA 4.87%
Median rent change - 1 year 4.16% NA 4.87%
  House Units
Previous month sales 16 4
Stock on market previous month 64 11
Stock variance vs. last year 1.59% -21.43%
Average days on market 56 115

Grovedale investment property listings

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