![\"\"](\"https:\/\/timesnewsgroup.com.au\/wp-content\/uploads\/sites\/2\/2020\/11\/GrovedaleHotelEnt_27914.jpg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"Town Profile: Grovedale<\/p>\n
The size of Grovedale is approximately seven square kilometres and has four parks covering nearly 2.2 per cent of total area.
\nThe population of Grovedale in 2011 was 14,153 people and by the 2016 Census the population was 14,314 showing a population growth of 1.1 per cent in the area during that time.
\nGrovedale was named after a property of about 76 hectares acquired by Alexander Pennell in 1847, just south of Waurn Ponds Creek.
\nOriginally the place was named Germantown, which arose from several families of Lutheran German origin who arrived at Corio Bay in 1849.
\nA Geelong pioneer, Dr Alexander Thomson, encouraged them to settle on Pennell\u2019s land and a school was opened in 1854.
\nBy the mid-1860\u2019s there were about 70 families of German origin settled there, and there were two hotels, two flour mills, two tanneries and four wool washing establishments.
\nIn September 1915, after the outbreak of World War I, the South Barwon Council changed the name to Grovedale.
\nGrovedale continued to be an agricultural district until the mid-1960\u2019s when residential expansion from neighbouring Belmont began.
\nIn 1970 the estimated population was 1,200 persons and in 1980 the suburb had grown to 5,000.
\nThe iconic Grovedale Hotel is a prominent feature of the suburb and remains as popular as ever despite the COVID dilemma that has tormented hospitality businesses.
\nCoreLogic data indicates that the predominant age group in Grovedale is 20-29 years with households in Grovedale being primarily childless couples and are likely to be repaying $1,400 \u2013 $1,799 per month on mortgage repayments, and in general, people in Grovedale work in a professional occupation.
\nIn 2011, 74.1 per cent of the homes in Grovedale were owner-occupied compared with 70.5 per cent in 2016.<\/p>\n
TIDBIT:
\nIn the last five years 1,205 houses and 224 units were sold in Grovedale<\/p>\n
Population: 14,314
\nMale: 47.7%
\nFemale: 52.3%
\nMedian age: 40
\n5 year population change: 1.1%
\nMedian house price: $530,000
\nChange in Median Price: (5yrs) is 44%
\nMedian asking rent per week: $390
\nAverage length of ownership: 12 years
\nOwner occupiers: 74%
\nRenters: 26%<\/p>\n
Historic median house price:
\nAugust 2020: $530,000
\nAugust 2019: $492,500
\nAugust 2018: $475,000
\nAugust 2017: $416,000
\nAugust 2016: $381,500<\/p>\n
House sales per annum:
\nPeriod ending August 2020: 225
\nPeriod ending August 2019: 238<\/p>\n
Land median sale price:
\nAugust 2020: $310,000
\nAugust 2019: $328,000<\/p>\n
Land sales per annum:
\nPeriod ending August 2020: 29
\nPeriod ending August 2019: 17<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Town Profile: Grovedale The size of Grovedale is approximately seven square kilometres and has four parks covering nearly 2.2 per cent of total area. The population of Grovedale in 2011 was 14,153 people and by the 2016 Census the population was 14,314 showing a population growth of 1.1 per cent in the area during that […]<\/p>\n