Suburb Profile Report for Grovedale VIC (3216)

Grovedale House: Median price $405,000, Annual capital growth 4.58%, Number of sales 216, Weekly median advertised rent $360

Grovedale Unit: Median price $310,000, Annual capital growth 3.53%, Number of sales 43, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Grovedale, 3216 have given investors a capital gain of 8.22%. This compares averagely with the 9.04% for VIC as a whole.

While Grovedale,3216 ranked number 445th in VIC for increase in median house value (annualised) increase, it is ranked 451th over the last 5 years.

Sellers are offering property buyers an average discount of -4.80% to buyers in Grovedale at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Grovedale the average time real estate has been on the market is 39.65 days.

Situated 70.35km from the CBD, Grovedale is one of Greater Geelong localities in the postcode 3216.

Grovedale, 3216 ranked 47th 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

A 8.77% growth in median value for property investors in Grovedale,3216 puts this suburb at number 125th in terms of best performing suburbs in VIC

Grovedale, 3216 is offering VIC ‘s 165th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Residents and property investors in Grovedale have been waiting around 48.36 days to sell a property.

Grovedale is 73th on a list of best yielding suburbs for rents in VIC with a 5.03% return

Metrics i HOUSE UNIT
$405,000 $310,000
1.25% 2.48%
8.22% 14.81%
4.58% 3.53%
$360 $300
216 43
4.62% 5.03%
39.65 48.36

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14153
Median household income ($/weekly) 1133
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1706 12.1
    25-34 years 2010 14.2
    35-44 years 1797 12.7
    45-54 years 1751 12.4
    55-64 years 1714 12.1
    Others 5174 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 5436 51.9
    Not Married 4136 39.5
    Defacto Relationship 894 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 11811 86.5
    New Zealand 98 0.7
    Papua New Guinea 132 1.0
    United Kingdom 682 5.0
    Other 226 1.7
    Others 703 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 0.7
    Christianity 9276 71.0
    Hinduism 77 0.6
    Islam 61 0.5
    No Religion 3498 26.8
    Others 64 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 570 11.8
    $600-$799 528 11.0
    $1,000-$1,249 500 10.4
    $1,500-$1,999 658 13.7
    $2,000-$2,499 528 11.0
    Others 2027 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4121 36.8
    Employed, worked full-time 3978 35.5
    Employed, worked part-time 2354 21.0
    Employed, away from work 437 3.9
    Unemployed, looking for work 316 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1183 17.5
    Technicians & trades workers 1162 17.2
    Community & personal service workers 866 12.8
    Clerical & administrative workers 926 13.7
    Sales 818 12.1
    Others 1812 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 209 6.4
    Infants/Primary 1118 34.3
    Secondary 896 27.5
    Technical or Further Educational Institution 364 11.2
    University or other Tertiary Institutions 538 16.5
    Others 135 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12072 91.5
    Flat, unit or apartment 605 4.6
    Semi-detached, row or terrace house, townhouse 519 3.9
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2088 40.4
    Fully owned 1848 35.7
    Rented 1139 22.0
    Other tenure type 95 1.8
    Tenure Type
Census 2011, ABS
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