Home / Suburb data / Grovedale (VIC)
| Type | 1-bed | 2-bed | 3-bed | 4+ bed | All |
|---|---|---|---|---|---|
| House | — | $450/wk (78 bonds) | $500/wk (749 bonds) | $550/wk (510 bonds) | — |
| Unit | $340/wk (115 bonds) | $430/wk (291 bonds) | $500/wk (87 bonds) | — | — |
Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.
Gross yield around 3.9% is thin — projects in Grovedale lean on end values, not rent. Sell-down schemes (subdivide-and-sell, build-and-sell) fit the profile better than holds financed on rental income. The median moved -1.1% year-on-year on 68 sales — a softening tape can mean negotiating room on the land, but re-check end values on the way down before banking the discount. Rental depth is genuine: 749 bonds behind the headline median means the rent figure is an observed market, not a handful of tenancies. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.
This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.
State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub
Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.
Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.