Property value increases in Grovedale have tracked just lower than the VIC average of 7.80% over the last 12 months.
A 13.57% growth in median value for property investors in Grovedale,3216 puts this suburb at number 214th in terms of best performing suburbs in VIC
Vendor discounting in Grovedale is giving property investors an average Vendor Discount of around -5.30%. This puts suburb at number 348th in VIC when ranking the most discounted suburbs.
Grovedale is 160th on a list of best yielding suburbs for rents in VIC with a 4.73% return
At number 1281th in the list of Australian suburbs ordered by increase in median house value over the last year, Grovedale, 3216 is in the BOTTOM 30% with a property value increase of -2.68% recorded in median house prices.
Comparing Grovedale,3216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Grovedale is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Grovedale the average time real estate has been on the market is 65.26 days.
Grovedale is 26th on a list of best yielding suburbs for rents in VIC with a 5.72% return