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Property investors have seen a 1.46% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $695,000
Profits averaged 12.27% 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 $440 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.29%.
An average of 30.17 real estate transactions take place per month in OCEAN GROVE which translates to 362 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $695,000 | $597,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.46% | 0.42% |
| Median 12 month | 9.02% | 18.32% |
| Median 3 years | 36.81% | 35.8% |
| Median 5 years | 52.75% | 43.98% |
| 10 years average annual | 6.02% | 7.79% |
| Weekly media advert. rent | $440 | $380 |
| Time on Market | 76.5 days | 79.8 days |
| Gross Rental Yield Percent | 3.29% | 3.31% |
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