GROVEDALE 3216
State: VICPosiProp AI Investment Summary
GROVEDALE (VIC 3216) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.1% and has experienced a 12-month capital growth of Up 10.4%, with a median house buy price of $745,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$605,000
$727,500
$806,000
$745,000
Suburb Market Profile
Last month Grovedale had 54 properties available for rent and 51 properties for sale. Median property prices over the last year range from $745,000 for houses to $550,000 for units. If you are looking for an investment property, consider houses in Grovedale rent out for $550 PW with an annual rental yield of 4.1% and units rent for $450 PW with a rental yield of 4.4%. Grovedale has seen an annual compound growth rate of 10.4% for houses and 7.8% for units.
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