Price drops in Grovedale
Listings for sale in Grovedale, VIC 3216 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
15
27% of 56 live listings
Median cut
4.9%
$35K off the asking price
Days listed before cut
44
median, first listed to latest cut
Cuts, last 30 / 90 days
12 / 14
no current price rises
Grovedale price-drop summary
15 listings in Grovedale (27% of the 56 on the market) are advertised below an earlier asking price. The typical reduction is 4.9%, about $35K. House listings account for 13 of them, with a median cut of 5.1%.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 13 | 5.1% |
| Apartment | 2 | 1.6% |
Largest current cuts in Grovedale
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 50 Hindle Street | $1,200,000 | $950,000 | -20.8% | 4 bed House | |
| 16 Petkell Parade | $1,100,000 | $999,000 | -9.2% | 3 bed House | |
| 40 Meadowvale Drive | $2,145,000 | $1,950,000 | -9.1% | 5 bed House | |
| 6 Meda Court | $699,000 | $649,000 | -7.2% | 3 bed House | |
| 4 Landra Court | $789,000 | $740,000 | -6.2% | 4 bed House | |
| 19 Clementine Court | $910,000 | $860,000 | -5.5% | 3 bed House | |
| 5 Booral Court | $789,000 | $749,000 | -5.1% | 4 bed House | |
| 287 Torquay Road | $720,000 | $685,000 | -4.9% | 4 bed House | |
| 51 Bieske Road | $785,000 | $750,000 | -4.5% | 4 bed House | |
| 61 Wingarra Drive | $880,000 | $850,000 | -3.4% | 4 bed House | |
| 11 Bundaleer Avenue | $929,000 | $899,000 | -3.2% | 4 bed House | |
| 12 Curdie Place | $920,000 | $899,000 | -2.3% | 5 bed House | |
| 4/119 Torquay Road | $530,000 | $520,000 | -1.9% | 2 bed Apartment | |
| 16 Kana Street | $809,000 | $795,000 | -1.7% | 4 bed House | |
| 2/295 Torquay Road | $880,000 | $869,000 | -1.3% | 4 bed Apartment |
Suburb profile
Grovedale market data
Median prices, rents, growth and vacancy for Grovedale.
Sold prices
Recent sales in Grovedale
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Grovedale: common questions
How many properties in Grovedale have had a price drop?
15 listings for sale in Grovedale VIC 3216 are currently advertised below an earlier asking price, 27% of the 56 listings on the market. 12 of those cuts were recorded in the last 30 days and 14 in the last 90.
How much are Grovedale sellers cutting their prices by?
The median cut is 4.9%, or $35K, measured from the previous advertised asking price to the current one on each listing.
How long are Grovedale listings on the market before the price drops?
A median of 44 days from when the listing first appeared to its latest price cut, across 15 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.