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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 -1.67% over the past year and changed 1.48% over 2 years.

The median rent in Grovedale for houses is $480 per week and the median rental yield is 3.84%. Stock on the market for houses/townhouses has changed -11.27% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $459,000 and this has changed -6.14% over the past year. The average unit takes 85 days to sell and the median rent for a unit in Grovedale is $400 per week, producing a rental yield of 4.53%.

Supply & Demand in Grovedale, Greater Geelong

0.76%

Current vacancy rate


51

Rental stock available


14,304

Population


23.89%

Rental population


0.97%

Current vacancy rate


1,392

Rental stock available


233,426

Population


23.30%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Grovedale, Greater Geelong

  House Townhouses Units
Median listing price $649,000 $489,000 $459,000
Median price change - last quarter 1.40% -2.11% -2.86%
Median price change - 1 year -1.67% NA -6.14%
Median price change - 2 years 1.48% -6.33% -0.22%
  House Townhouses Units
Median weekly rent $480 $440 $400
Median yield % 3.84% 4.67% 4.53%
Median rent change - 1 year 4.34% 4.76% 2.56%
  House Units
Previous month sales 0 0
Stock on market previous month 63 22
Stock variance vs. last year -11.27% 69.23%
Average days on market 74 85

Grovedale investment property listings

Showing 5 of 71 investment properties found in Grovedale on realestateinvestar.com.au

18 Lehmann Ave, Grovedale

$675,000

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Convenient, Family-Friendly Living

Open the door to convenient and comfortable family living with this neat-as-a-pin four-bedroom home on the doorstep of shops, sports and leisure facilities, schools, Deakin University, Epworth Hospital and easy access to Surf Coast beaches. With multiple living spaces, two distinct bedroom zones ...

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VIC 3216


16 Dennys Ct, Grovedale

$1,695,000

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Family Entertainer Offers Next Level Luxury

Prepare to be amazed at this extraordinary property, masterfully designed to offer grand, light filled living, exceptional poolside entertaining, your own private basketball and tennis court, and all the extras that take family living to the next level of luxury. Tucked away in a secluded setting, ...

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House

VIC 3216


25/5 Peter St, Grovedale

$419,000

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Where Comfort Meets Convenience: Embrace the Essence of Townhous

Discover contemporary living in this two-bedroom townhouse. The main level encompasses a stylish kitchen equipped with stainless steel appliances, stone bench tops, a gas cooktop, breakfast bar, and a dishwasher. The seamless flow of the open-plan living and dining area extends to a charming ...

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Unit

VIC 3216


3/6-12 Matthews St, Grovedale

$242,000

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Experience the ultimate in retirement living!

Retirement living at its best! Experience the best of retirement living at Grovedale Place Retirement Village, strategically located near shops, parks, local services, and public transport within easy walking distance. Enjoy convenient access to Geelong and Torquay Beach. Discover this fantastic ...

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Unit

VIC 3216


15/6-12 Matthews St, Grovedale

$370,000

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Spacious, two-bedroom unit with a large rear courtyard

Retirement living at its best! This generous, open-plan two-bedroom unit is in a prime position within Grovedale Place retirement village. It overlooks landscaped gardens and lawns and has a large rear courtyard ideal for those with a pet. The unit boasts ample storage and central refrigerated air ...

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Unit

VIC 3216


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