With a capital gain of 7.16% for the last 12 months, Grovedale, 3216 has performed for property investments than its average annual 4.57% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Grovedale comes in at number 476th in VIC.
At number 349th of VIC’s most discounted properties, Grovedale is in the middle of the state/territory when listing in order of most discounted to least.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.72%, without taking into account capital value appreciation, which has been averaging out at 4.57%.
Grovedale, 3216 ranked 70th in VIC when comparing growth in median property values or capital gain over the last 12 months. Grovedale is one of 2098 in our list for VIC
Comparing Grovedale,3216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Grovedale is $302500, with sellers offering an average of -4.55% off the asking price.
Property investors should expect to get $300 weekly from the median priced house in this suburb.