With a population of approx. 19,5554, it is 77% Owner occupied and 23% Renters and the average age of people living here is 20-39 years.
Rental Market Updates
When you need to move out of your rental property, there are some particular things to do to ensure you leave the property in a satisfactory condition and get your bond back.
Grovedale is known for its beautiful parks, excellent schools, and easy access to transport, making it a popular choice for families and young professionals alike.
Focus on upgrades that will add the most value and appeal to potential renters or buyers.
Median rents in the Geelong region are again similar with what is effectively the fourth month in a row of the same prices.
Applying for a rental property can be a daunting process, especially if you're a first-time renter.
Electricity is one of the most significant expenses for most households. Every day, we rely on electricity to power our homes, from turning on the lights to running appliances like the refrigerator, washing machine, and air conditioner.
This month’s data from the Real Estate Institute of Victoria shows a market beginning to settle into the new numbers and possibly even the new normal.
This month, with the highest vacancy rate we have had for some time, we have finally felt the effects of a slower-than-usual rental market.
A high vacancy rate should, in theory, give tenants more choice in rental properties which should decrease demand which should lower rental prices, but the high vacancy rate is not putting downward pressure on prices.