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Suburb Insights ยท VIC 3216

Grovedale 3216, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Grovedale is a coastal suburb in Victoria, Australia, with a population of approximately 14,869, making it a smaller community. Located approximately 70 km from the Melbourne CBD, Grovedale is a coastal area in Victoria. The median household income is $76,804 AUD per year (ABS 2021 Census).

Investment Score

47 / 100 Moderate

Moderate income levels in Grovedale indicate steady rental demand from working households. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Grovedale, Victoria, Australia.

Key Indicators

Postcode
3216

Official Australia Post postcode for Grovedale. A postcode may cover multiple suburbs.

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Population
14,869

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$350/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$76,804/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
70 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
6

Estimated 6 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,582/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
82% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Grovedale, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,582/month. The median household income of $76,804/year reflects a solid demographic, supporting sustainable rental demand. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Grovedale could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Grovedale are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Renovation in Grovedale requires careful cost analysis โ€” the margin is there but not always wide.

Risk Factors

Run the numbers on a Grovedale property

Full Property Analysis

30-year projections for Grovedale

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Low

Growth in Grovedale through 2026 will likely be steady rather than spectacular, tracking the wider market. Tenants in Grovedale have options โ€” presenting well-maintained properties is key to minimising vacancy. Grovedale is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Grovedale a good suburb for investment?

Grovedale is a coastal area in Victoria with a population of 14,869. The median rent is $350/week and the median household income is $76,804/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Grovedale?

Key demand drivers in Grovedale include lifestyle appeal and proximity to the coast. 82% of dwellings are separate houses. The area has approximately 4 schools and 6 parks nearby.

What is the population of Grovedale?

According to the ABS 2021 Census, Grovedale has a population of approximately 14,869. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Grovedale from the Melbourne CBD?

Grovedale is approximately 70 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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