Real Estate Grovedale Vic 3216

Grovedale: Family-friendly, sporty, close to nature.

Housing Market in Grovedale

Key Grovedale Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Geelong	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$490	Bottom 22%	122% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Grovedale

Grovedale Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Grovedale

34.0%

Geelong

30.7%

Compare
Suburbs

Field	Value	VS Geelong	Trend
Development applications	50.4	Top 20%	65% to Jun 2025
Developments	0.0	Bottom 10%	Data for Jul 2023
Housing Stock Quality Indicator	46.8	Top 15%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	10 lots	Top 41%	66% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	46	Top 2%	1050% to Feb 2025

Housing Stock Quality in Grovedale

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Geelong	Trend
Houses	85.9%	Bottom 16%	0 to Jan 2021
Average bedrooms - all homes	2.4	Bottom 42%	4% to Jan 2021
NBN connection: fibreoptic cable to node	96.9%	Top 2%	Data for Jun 2023

Development Restrictions in Grovedale

Grovedale Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Grovedale

30.0%

Geelong

30.6%

Compare
Suburbs

Field	Value	VS Geelong	Trend
Total area	8.5 sq km	Top 49%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Bottom 49%	Data for Jun 2023
Residential density	395 sqm per resident	Bottom 19%	Data for Jan 2021

Risk in Grovedale

Grovedale Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Grovedale

42.3

Geelong

41.0

Compare
Suburbs

Field	Value	VS Geelong	Trend
% Owner Occupied	82.9%	Bottom 22%	0% to May 2023
% Rentals	17.1%	Top 22%	4% to May 2023
Housing Affordability Index	34	Top 44%	Data for Jun 2023
Median monthly mortgage	$1,880	Bottom 47%	28% to May 2023
Rent Affordability Index (Houses)	81	Top 35%	Data for Jun 2023
Rent Affordability Index (Units)	75	Bottom 46%	Data for Jun 2023
Mortgage as a percent of income	24.6%	Top 36%	11% to Jan 2021
Mortgaged Dwellings	38.0%	Bottom 48%	10% to May 2023

Housing Demand in Grovedale

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Grovedale

82.6%

Geelong

75.8%

Compare
Suburbs

Field	Value	VS Geelong	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	35000	Top 1%	41% to Dec 2036
Historical Population (SA3)	219000	Top 2%	36% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	301000	Top 3%	56% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Grovedale

Grovedale Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Geelong	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$431	Bottom 35%	224% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	81.1%	Top 32%	26% to Mar 2025

Planning Applications: Industrial (3)

Headline	Place	Date
To subdivide the current lot, into 2 separate lots, each lot containing an existing concrete warehouse. Common property no 1 will provide access, house water meters and electricity and provide car parking. - Streamlined Planning through Electronic Applications and Referrals S241054A	9 Dendle Street, Grovedale VIC 3216	12 Dec 2024
Use and Development of an Office and Warehouses Including Signage Structure, Multi-Lot Subdivision and Reduction in Car Parking Requirements - City of Greater Geelong 1015/2023	148-154 Marshalltown Road, Grovedale, VIC	30 Dec 2023
Use of land for Manufacturing Sales, a Food and Drink Premises and Use of Land for the Sale and Consumption of Liquor (General Licence), Waiver of Car Parking Requirements and Display a Sign - City of Greater Geelong 1252/2021/A	Warehouse 36/8 Lewalan Street, Grovedale, VIC	12 May 2023

Planning Applications: Other (40)

Headline	Place	Date
Use of the Land for Sale of Liquor (Packaged Liquor Licence) - City of Greater Geelong 816/2024	19-21 Peter Street, Grovedale, VIC	20 Nov 2024
Use of the Land for Sale of Liquor (Packaged Liquor Licence) - City of Greater Geelong 816/2024	19-21 Peter Street, Grovedale, VIC	20 Nov 2024
Use and development of the land for Service station, Convenience restaurant, Childcare centre, Restricted recreation facility (Gymnasium), and the display of signs; six (6) lot subdivision; create and alter access to a road in a Transport Zone 2; and reduced car parking space requirements - City of Greater Geelong 1353/2021/C	179-193 Colac Road, Grovedale, VIC	09 Nov 2024
Use and development of the land for Service station, Convenience restaurant, Childcare centre, Restricted recreation facility (Gymnasium), and the display of signs; six (6) lot subdivision; create and alter access to a road in a Transport Zone 2; and reduced car parking space requirements - City of Greater Geelong 1353/2021/C	179-193 Colac Road, Grovedale, VIC	09 Nov 2024
Use and development of the land for Service station, Convenience restaurant, Childcare centre, Restricted recreation facility (Gymnasium), and the display of signs; six (6) lot subdivision; create and alter access to a road in a Transport Zone 2; and reduced car parking space requirements - City of Greater Geelong 1353/2021/C	179-193 Colac Road, Grovedale, VIC	09 Nov 2024

Planning Applications: Dwellings (16)

Headline	Place	Date
Use and Development of Food and Drink Premises (Food Truck Park) and Construction and Display of Business Identification Signage - City of Greater Geelong 578/2024	260-264 Torquay Road, Grovedale, VIC	31 Oct 2024
Construction of Two (2) Dwellings & Three (3) Lot Subdivision - City of Greater Geelong 765/2023	64 Reserve Road, Grovedale, VIC	03 Aug 2024
Construct Two (2) Dwellings and a Two (2) Lot Subdivision - City of Greater Geelong 139/2024	5 Karana Avenue, Grovedale, VIC	10 Jul 2024
Construction of a Second Dwelling and Two (2) Lot Subdivision - City of Greater Geelong 1046/2023	5 Winston Court, Grovedale, VIC	23 Jan 2024
Construction of Additional Dwelling and Two (2) Lot Subdivision - City of Greater Geelong 914/2023	14 Stratford Court, Grovedale, VIC	11 Nov 2023

Businesses (98)

Name	Address
BDH Constructions Pty Ltd.	10 Wilray St, Grovedale VIC 3216, Australia
Spence Construction	15-17 Essington St, Grovedale VIC 3216, Australia
All Areas Fencing	31 Essington St, Grovedale VIC 3216, Australia
Robbos Drainage & Excavations	17 Bickford Rd, Grovedale VIC 3216, Australia
Shane O’Neill Excavations	152/156 Barwarre Rd, Grovedale VIC 3216, Australia

Accommodation Options (4)

Name	Address
Golden Palms Motel	234 Torquay Rd, Grovedale VIC 3216, Australia
Coast Road Holiday Apartments Geelong	117 Surf Coast Hwy, Grovedale VIC 3216, Australia

LGA Details (1)

Headline	Place	Datetime
Local government area	Greater Geelong

Percent of Renters by Street (100)

Percent of Renters	Street
25.5%	Abbey Ct
0.0%	Abervale Way
0.0%	Adelong Ct
52.0%	Ainslie Ave
43.0%	Alan St

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$490,000	Felix St
10 May 2024	$450,000	Torquay Rd
10 May 2024	$472,000	Peter St
10 May 2024	$417,000	Moruya Dr
10 May 2024	$496,500	Natika Ct

Median House Rental Prices by Street (63)

Level_0	Street	Date	Median rent (per week)
120937	Diaz Dr	13 Mar 2025	$530
120989	Elinbank Dr	13 Mar 2025	$543
120960	Dublin Dr	13 Mar 2025	$460
121200	Hovell Ct	13 Mar 2025	$580
121173	Heyers Rd	13 Mar 2025	$495

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Banksia Pl	10 May 2024	$644,500
Bickford Rd	10 May 2024	$643,500
Bieske Rd	10 May 2024	$440,000
Birkenhead Dr	10 May 2024	$670,000
Hansen Dr	10 May 2024	$670,000

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
72.4%	Dublin Dr	average turnover	Every 13.8 years (average turnover)	2025
71.4%	Linden Ct	average turnover	Every 14.0 years (average turnover)	2025
70.6%	Enrob Ct	average turnover	Every 14.2 years (average turnover)	2025
64.8%	Moruya Dr	quite tightly held	Every 15.4 years (quite tightly held)	2025
55.6%	Hovell Ct	quite tightly held	Every 18.0 years (quite tightly held)	2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
58 Burleigh Dr	Price Withheld	4.0	3.0	2.0	03 Mar 2025	On Market
58 Burleigh Dr	$650,000	4.0	3.0	2.0	03 Mar 2025	On Market
17 Griffith St	$750,000	4.0	2.0	4.0	26 Feb 2025	On Market
4 Natika Ct	Price Withheld	4.0	3.0	2.0	26 Feb 2025	On Market
6 Byambee Ct	$525,000	3.0	1.0	1.0	25 Feb 2025	On Market

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 2, 22 Tracken Terrace	Price Withheld	2.0	2.0	1.0	28 Feb 2025	On Market
Unit 1, 41 Hindle St	Price Withheld	2.0	1.0	1.0	28 Feb 2025	On Market
Unit 1, 41 Hindle St	Price Withheld	2.0	1.0	1.0	28 Feb 2025	On Market
Unit 1, 41 Hindle St	Price Withheld	2.0	1.0	1.0	28 Feb 2025	On Market
Unit 1, 41 Hindle St	Price Withheld	2.0	1.0	1.0	28 Feb 2025	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
2 Cranley Ct	$600	4	2	2	11 Mar 2025
3 Seymour Cl	$430	3	1	0	11 Mar 2025
38 Burleigh Dr	$510	3	1	1	11 Mar 2025
34 Dublin Dr	$500	3	2	2	07 Mar 2025
34 Dublin Dr	$500	3	2	2	07 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 9, 6-12 Matthews St	$340	1.0	1.0	1.0	06 Mar 2025
Unit 9, 6-12 Matthews St	$340	1.0	1.0	1.0	05 Mar 2025
Unit 2, 11 Meadowvale Dr	$430	2.0	1.0	1.0	04 Mar 2025
Unit 2, 11 Meadowvale Dr	$430	2.0	1.0	1.0	04 Mar 2025
Unit 2, 11 Meadowvale Dr	$430	2.0	1.0	1.0	04 Mar 2025

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