Is GROVEDALE a good suburb for positive geared property investment in Australia?

GROVEDALE in VIC currently features property rental yields up to 4.0% with a 12-month capital growth value of Up 10.7%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in GROVEDALE 3216?

The median house price in GROVEDALE 3216 is approximately $745,000 based on the latest tracked market indices.

Investment Spotlight • Australia

GROVEDALE 3216

State: VIC

Updated: 5 August 2026

PosiProp AI Investment Summary

GROVEDALE (VIC 3216) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.0% and has experienced a 12-month capital growth of Up 10.7%, with a median house buy price of $745,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$610,000

Up 4.7% 4.1% Yield

3 house • buy

$725,000

Up 11.0% 4.1% Yield

4 house • buy

$805,500

Up 12.7% 4.0% Yield

all house • buy

$745,000

Up 10.7% 4.0% Yield

Suburb Market Profile

Last month Grovedale had 57 properties available for rent and 54 properties for sale. Median property prices over the last year range from $745,000 for houses to $564,000 for units. If you are looking for an investment property, consider houses in Grovedale rent out for $545 PW with an annual rental yield of 4.0% and units rent for $450 PW with a rental yield of 4.4%. Grovedale has seen an annual compound growth rate of 10.7% for houses and 12.6% for units.

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