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 3.9% and has experienced a 12-month capital growth of Up 7.2%, with a median house buy price of $715,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$611,000
$687,000
$750,000
$715,000
Suburb Market Profile
Last month Grovedale had 43 properties available for rent and 49 properties for sale. Median property prices over the last year range from $715,000 for houses to $517,000 for units. If you are looking for an investment property, consider houses in Grovedale rent out for $530 PW with an annual rental yield of 3.9% and units rent for $450 PW with a rental yield of 4.4%. Grovedale has seen an annual compound growth rate of 7.2% for houses and 4.2% for units.