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