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Grovedale suburb profile

Grovedale is a south-west Geelong suburb that reads as a settled, family-oriented neighbourhood with tree-lined streets and a mix of mid-century brick homes and newer suburban developments. Residents rely on local shopping centres, schools and sporting ovals for everyday life, while larger retail and tertiary services are within easy reach. The suburb's green reserves and playgrounds suit families and active lifestyles, and good road links and bus services provide straightforward access into Geelong and out toward the Surf Coast. Overall Grovedale offers a quiet, residential feel with practical amenities close at hand.

Grovedale property market performance

Current median dwelling price$646,625Past 3 months

Property growth+10.2%Past 12 months

Grovedale has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. On the house side, the median house price is $748,250. House values rose sharply, up 10.6% over the last 12 months; unit values increased a solid 9.7% over the same 12 months, so the two moved at a similar pace.

There were 72 houses and 5 units sold in the last 3 months. Houses sold in a median of 15 days and units in a median of 17 days, which is a similar time on market for both property types.

The rental market in Grovedale shows average house rents of $530 a week, up a solid 6.0% over the last 12 months, while average unit rents were $440 a week, up a modest 2.3%. House rents grew faster than unit rents over the year.

HousesUnits
Median price
Past 3 months
$748KN/A
Change in value
Past 12 months
10.6%9.7%
Sold
Past 3 months
725
Median days on market
Past 12 months
1517
Average rent
Past 12 months
$530$440
Change in rent
Past 12 months
6.0%2.3%

5 year median price trend for houses and units

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Grovedale demographics

Couple families are the dominant family type in Grovedale: 42.5% are couple families without children and 38.9% are couple families with children, together accounting for 81.4% of families. One-parent families make up 17.0% and other families 1.7%.

Grovedale has a population of 14,869 and a median age of 41. The median total household income is $1,477 a week, roughly $76,800 a year.

Homes in Grovedale are mostly owner-occupied, with 36.6% owned outright and 35.9% owned with a mortgage, a combined 72.5% owner-occupied, while 27.4% of dwellings are rented.

Suburbs near Grovedale

Some popular suburbs near Grovedale include:

How does Grovedale compare to nearby suburbs?

  • Median house prices: Grovedale’s median house price is 1.1% higher than Belmont’s.
  • Median unit prices: Grovedale’s median unit price is 9.0% higher than Highton’s.
  • House price growth: Over the past 12 months, house prices in Grovedale have grown 6.8% higher than in Waurn Ponds.
  • Unit price growth: Over the past 12 months, unit prices in Grovedale have grown 6.7% higher than in Highton.
  • Selling speed for houses: Properties in Grovedale are selling 50.0% faster than in Waurn Ponds.
  • Selling speed for units: Properties in Grovedale are selling 41.4% faster than in Highton.
  • Investment considerations: In Grovedale, the rental yield for house is 16.4% lower than the Melbourne average, while the rental yield for units is 25.4% lower.
  • House price growth: Over the past 12 months, house prices in Grovedale have grown 28.7% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Grovedale have grown 9.1% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Grovedale

There are 102 real estate agents in Grovedale, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 27.3% of all sales in the past year.

Commission rates in Grovedale typically range from 2% to 2.5%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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