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.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $748K | N/A |
Change in value Past 12 months | 10.6% | 9.7% |
Sold Past 3 months | 72 | 5 |
Median days on market Past 12 months | 15 | 17 |
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
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.

