Grovedale
The median rent for a 2-bedroom unit in Grovedale is $430 a week for leases that started in the year to September 2025, up 2.4% on a year earlier. That is in line with the typical 2-bedroom unit rent across Geelong. The median sale price in the Mar 2026 quarter was $749,500 for a house and $558,800 for a unit. A year of rent for that home is about 4.2% of its median sale price (gross rental yield). The rent data covers Belmont-Grovedale as one area, so these rent figures are shared by Belmont, Grovedale.
Median rent in Grovedale
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $340 | +9.7% | 115 |
| 2-bedroom unit | $430 | +2.4% | 291 |
| 3-bedroom unit | $500 | +0.4% | 87 |
| 2-bedroom house | $450 | +2.3% | 78 |
| 3-bedroom house | $500 | +4.2% | 749 |
| 4-bedroom house | $550 | +1.9% | 510 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $749,500 | Mar 2026 quarter |
| Unit | $558,800 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Newtown (Greater Geelong) $440 a week
- North Geelong $420 a week
- Lara $415 a week
- Geelong West $410 a week
- Herne Hill $410 a week
- Geelong $460 a week