Grovedale, VIC 3216 is rated Watch in Handle's suburb model as at October 2026. The median house is $746,000 with a 3.7% gross yield, vacancy is 1.97%, and values have grown an average 3.9% a year over five years.
Every figure below is from the Handle suburb model, refreshed weekly. Greater Geelong is the council area.
| Metric | Grovedale | Greater Geelong | Context |
|---|---|---|---|
| Median house price | $746,000 | $742,000 | |
| Median rent | $550 / week | +4.8% in 12 months | |
| Gross rental yield | 3.7% | 3.8% | |
| Vacancy rate | 1.97% | 1.97% | 26 homes for rent |
| Days on market | 14 days | ||
| Stock on market | 0.62% | 39 listings, 290 sales a year | |
| Months of inventory | 1.3 | ||
| 12-month growth | +9.7% | ||
| 5-year growth (a year) | +3.9% | +21% cumulative | |
| 10-year growth (a year) | +4.8% |
A median Grovedale house was worth about $615,000 five years ago. Today it is $746,000, a +21% change, or 3.9% a year. Over 10 years the average is 4.8% a year, and the last 12 months added +9.7%.
Past growth is not a guide to future growth. It tells you how the suburb has behaved, not what it will do next.
The median house in Grovedale rents for $550 a week, a 3.7% gross yield. Rents have moved +4.8% over the last 12 months, and vacancy sits at 1.97%.
There are 39 houses listed for sale against roughly 290 sales a year, which is 1.3 months of stock. Homes take 14 days to sell on average. Low stock and quick sales usually mean buyers are competing for what is listed.
Grovedale has about 14,869 residents, up 26.7% over 10 years. Median household income is $1,647 a week, 83% of the VIC median. 69% of homes are owner-occupied, and 10% of mortgaged households are in mortgage stress.
Employment across Greater Geelong, where 28% of jobs are in government-backed sectors like health, education and public administration, plus 4 tracked infrastructure projects in the area.
Of the four signals our model scores, buyer demand and community fundamentals lead for Grovedale and price growth trails. A suburb score is where we start, not where we stop: every property still has to pass our 29-check screen and fit your Exit Plan before we buy.
Data as at 26 October 2026 from SuburbsFinder, ABS Census and public project sources, scored by Handle's suburb model across 3,393 suburbs. Bands: Prime is roughly the top 10%, Strong the next 20%, Watch the next 15%. General information only, not financial advice. Past growth is not a guide to future growth.
Grovedale is rated Watch in Handle's suburb model, in the top 35% of 3,393 Australian suburbs as at October 2026. The median house is $746,000 with a 3.7% gross yield and 1.97% vacancy. Whether it suits you depends on your borrowing, budget and plan, so we check every property against our 29-point screen before recommending it.
The postcode for Grovedale, VIC is 3216. Grovedale is in the Greater Geelong local government area, and our data below covers houses in Grovedale itself rather than the wider council area.
The median house price in Grovedale, VIC is $746,000 as at October 2026, against $742,000 across Greater Geelong. Values moved +9.7% over the last 12 months and averaged 3.9% a year over five years.
A median house in Grovedale rents for $550 a week, a gross rental yield of 3.7%. The Greater Geelong median is 3.8%. Rents changed +4.8% over 12 months.
Vacancy in Grovedale is 1.97%. That is above the 1.5% line we treat as tight, so tenant demand is steady rather than stretched.
Employment across Greater Geelong is led by health care and social assistance, construction, retail trade, with 28% of jobs in government-backed sectors. Infrastructure in the area includes Barwon Heads Road Upgrade Stage 2 and University Hospital Geelong Paediatric Emergency Department Expansion. Homes sell in about 14 days with 1.3 months of stock.
Written by Ahijith (AJ) Chandra, co-founder of Handle Properties. Updated weekly; data as at 26 October 2026. Handle Properties is a licensed buyers agency, not a financial adviser.
Located in the dynamic state of VIC (postcode 3216), GROVEDALE is a vibrant real estate market. This suburb holds a median house price of $700,000 and has demonstrated an average buying growth of Up 4.5%. Last month, 64 houses were available, with 218 transactions completed in the past year. Properties spend around 23 days on the market, reflecting the area's demand with 2326 interested buyers. The average rental yield stands at 3.6%, with a weekly median rent of $400 per week and an average rent growth of Up 8.0%. Rental properties usually stay on the market for 22 days. The population in 2016 was 14314, which changed by +1.10% in the past five years. The median weekly household income is $1,238, reflecting an income change of +8.69% over the past five years. Residents have a median age of 41 years, and the suburb has an average annual growth for houses of +10.24%. To fully take advantage of GROVEDALE's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in GROVEDALE, Handle provides end-to-end property investment services, backed by data and experts.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.