Over the last year, property investments in Grovedale, 3216 have given investors a capital gain of 8.00%. This compares averagely with the 9.78% for VIC as a whole.
If we look at median property appreciation over just the last three months, Grovedale has given property investors a paper return of 0.31%. This puts Suburb as 531 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Grovedale is giving property investors an average Vendor Discount of around -4.67%. This puts suburb at number 372th in VIC when ranking the most discounted suburbs.
Grovedale is in the TOP 20% in VIC when comparing median price capital growth over the last year. Grovedale gave property investors a very good capital gain figure when compared to the rest of the state, with 12.68%.
Taking the average capital gain, or increase in median house value, Grovedale,3216 has racked up an average of 12.68% over the period. This ranks it number 1212th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.95% offered to property buyers. Sellers in Grovedale itself are offering an average vendor discount of -4.67% to real estate investors.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.91%, investors should hope to achieve an overall return of 5.02%