Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
Property investors have seen a 3.03% gain in OCEAN GROVE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on OCEAN GROVE, 3226 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.25%.
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 $680,000
Profits averaged 11.11% 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 $420 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.21%.
An average of 31.17 real estate transactions take place per month in OCEAN GROVE which translates to 374 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | 15.16% |
| Median 12 month | 15.25% | 26.1% |
| Median 3 years | 33.33% | 42.86% |
| Median 5 years | 49.45% | 48.15% |
| 10 years average annual | 6.27% | 7.94% |
| Weekly media advert. rent | $420 | $375 |
| Time on Market | 70.3 days | 93.5 days |
| Gross Rental Yield Percent | 3.21% | 3.25% |
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