Looking for a loan?
Compare Investment Home Loans and SMSF Loans
Hover over Tap a data point to see when it was last updated.
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 212 houses available for sale. The median property price for a house is currently 660,000 with annual capital growth of 0.00 . There were 222 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 3.95 with an average median rent of 500 weekly. Houses have seen 0.00 growth in the past quarter, and 0.00 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 53 units available for sale. The median property price for a unit is currently 495,000 with annual capital growth of -1.00 . There were 43 unit sales in the past 12 months. On average, units spend 51 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 -0.50 growth in the past quarter, and -1.00 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.
$suburbContentType.expertReport
Looking to invest or refinance? Compare investor loans or SMSF loans
| Key Market Data | House | Unit |
| Median price | 660,000 | 495,000 |
| Quarterly growth | 0.00 | -0.50 |
| 12-month growth | 0.00 | -1.00 |
| Average annual growth | +6.05 | +4.62 |
| Weekly median rent | 500 | 430 |
| Gross rental yield | 3.95 | 4.51 |
| Number of Sales (12m) | 222 | 43 |
| Avg. Days on Market (12m) | 21 | 51 |
| 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.
Get notified when our data is updated.
By subscribing you agree to our privacy policy.
Disclaimers
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.
The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.
While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.
The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This publication reproduces materials and content owned or licenced by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information (CoreLogic Data).
© Copyright 2024. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/aboutus/thirdpartyrestrictions
Suburb borders rendered using geocodes provided by Openstreetmap.
Need help with an SMSF home loan?
Speak to an SMSF lending specialist