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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
Grovedale has 221 houses available for sale. The median property price for a house is currently 660,000 with annual capital growth of -1.49 . There were 237 house sales in the past 12 months. On average, houses spend 21 days on market.
If you're thinking about buying an investment property in Grovedale, consider that rental yields for houses are currently 3.96 with an average median rent of 500 weekly. Houses have seen 0.00 growth in the past quarter, and -1.49 growth in the past 12 months.
The size of Grovedale is approximately 7 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2011 was 14,153 people. By 2016 the population was 14,314 showing a population growth of 1.1% in the area during that time. The predominant age group in Grovedale is 20-29 years.
Households in Grovedale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation. In 2011, 74.1% of the homes in Grovedale were owner-occupied compared with 70.5% in 2016.
Grovedale has 54 units available for sale. The median property price for a unit is currently 496,250 with annual capital growth of -0.75 . There were 40 unit sales in the past 12 months. On average, units spend 58 days on market.
If you're thinking about buying an investment property in Grovedale, consider that rental yields for units are currently 4.51 with an average median rent of 430 weekly. Units have seen 0.25 growth in the past quarter, and -0.75 growth in the past 12 months.
The size of Grovedale is approximately 7 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2011 was 14,153 people. By 2016 the population was 14,314 showing a population growth of 1.1% in the area during that time. The predominant age group in Grovedale is 20-29 years.
Households in Grovedale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation. In 2011, 74.1% of the homes in Grovedale were owner-occupied compared with 70.5% in 2016.
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| Key Market Data | House | Unit |
| Median price | 660,000 | 496,250 |
| Quarterly growth | 0.00 | +0.25 |
| 12-month growth | -1.49 | -0.75 |
| Average annual growth | +5.71 | +4.67 |
| Weekly median rent | 500 | 430 |
| Gross rental yield | 3.96 | 4.51 |
| Number of Sales (12m) | 237 | 40 |
| Avg. Days on Market (12m) | 21 | 58 |
| Key Demographics | 2011 | 2016 |
| Total population | 14,153 | 14,314 |
| Population change (5y) | +7.31 | +1.10 |
| Median household income (p/w) | 1,139 | 1,238 |
| Household income change (5y) | +14.59 | +8.69 |
| Median age of persons | 38 | 41 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Grovedale was 14,314 in 2016, a +1.10 change compared to 2011.
The predominant age group in Grovedale is 20-29 years.
The population of Grovedale was 14,314 in 2016, a +1.10 change compared to 2011.
The predominant age group in Grovedale is 20-29 years.
Most of the population in Grovedale were born in Australia.
Most of the population in Grovedale were born in Australia.
Most of the population in Grovedale report their religion as No Religion.
Most of the population in Grovedale report their religion as Catholic.
Most of the population in Grovedale report their income range as between 78,000 and 130,000 .
The median household income in Grovedale was 1,238 in 2016, a +8.69 change compared to 2011.
Most of the population in Grovedale report their income range as between 78,000 and 130,000 .
The median household income in Grovedale was 1,139 in 2011, a +14.59 change compared to 2006.
Most of the population in Grovedale work as Professional.
Most of the population in Grovedale work as Professional.
The chart below demonstrates the various levels of education in Grovedale.
The chart below demonstrates the various levels of education in Grovedale.
Most of the population in Grovedale reached a qualification level of Certificate.
Most of the population in Grovedale reached a qualification level of Certificate.
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