VIC/
Ocean grove

Suburb Profile

Ocean Grove - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3226

house
unit

Property investors have seen a 1.97% gain in OCEAN GROVE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains OCEAN GROVE, 3226 saw average growth in the long term.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $582,500

Profits averaged 5.36% per annum over a 3-year period, due to an upward trend in home prices in OCEAN GROVE, 3226.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in OCEAN GROVE, 3226 is 3.57%.

An average of 31.75 real estate transactions take place per month in OCEAN GROVE which translates to 381 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $582,500 $455,000
GROWTH REPORT
Median Quarterly 1.97% -4.37%
Median 12 month 7.37% -6.91%
Median 3 years 16.09% 21.33%
Median 5 years 21.61% 16.67%
10 years average annual 5.8% 4.51%
Weekly media advert. rent $400 $350
Time on Market 78.8 days 88.3 days
Gross Rental Yield Percent 3.57% 4%
demographics (median values)
Total Population
11276
Weekly Household Income
1006
Household Size
2.50
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