Grovedale is an average performer in VIC when comparing median price capital growth over the last year. Grovedale gave property investors a average capital gain figure when compared to the rest of the state, with 7.30%.
Grovedale,3216 was ranked 1639 in Australia by increase in median property value over the quarter.
At number 329th of VIC’s most discounted properties, Grovedale is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 4.72%
Property value increases in Grovedale have tracked close to the VIC average of 3.11% over the last 12 months.
Comparing Grovedale,3216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Grovedale3216 is located in VIC which offers an average discount of -5.12% to property investors. Grovedale itself is showing figures that indicate -4.42% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Grovedale being $295000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.29%