Giving property investors a an unimpressive capital gain of 2.52% for the last year, Grovedale, 3216 is the 2548th highest performer in Australia in this respect.
Over the longer term, Grovedale has seen property prices show investors a 9.28% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Grovedale is $377000, with sellers offering an average of -5.15% off the asking price.
Advertised rents are around the $350 mark per week – giving a return of 4.83% based on the median price in Suburb
If you compare the increase in value of investment property in Grovedale, 3216 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.63%.
The five-year average increase in median property values for Grovedale,3216 has given property investors a potential capital gain of 5.65% across each of those five years.
Property buyers and investors in Grovedale 3216 should be seeing an average reduction in asking price of around -5.36% . This means that Grovedale is holding prices well when compared to other suburbs in VIC.
Situated 69.82km from the CBD, Grovedale is one of Greater Geelong localities in the postcode 3216.