VIC has seen average median house prices change by 8.27% which means that Grovedale, 3216 has done well for property investors by showing a capital gain of 8.27% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Grovedale has increased when compared to the 5 year average annual rate.
At number 342th of VIC’s most discounted properties, Grovedale is in the middle of the state/territory when listing in order of most discounted to least.
Grovedale, 3216’s gross rental yield is 4.65%
Over the last year, property investments in Grovedale, 3216 have given investors a capital gain of 10.74%. This compares favourably with the 3.49% for VIC as a whole.
Over the longer term, Grovedale has seen property prices show investors a 2.66% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Grovedale should be aiming for at least -4.78% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Grovedale the average time real estate has been on the market is 57.19 days.
The VIC suburb of Grovedale, 3216 is in the Greater Geelong local government area.