Ocean Grove

POSTAL CODE: VIC, 3226

HOUSE

UNIT

Property investors have seen a 2.15% 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 $950,000

Profits averaged -4.67% per annum over a 3-year period, due to an downward trend in home prices in OCEAN GROVE, 3226.

This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

The gross rental yield in OCEAN GROVE, 3226 is 3.39%.

An average of 32.08 real estate transactions take place per month in OCEAN GROVE which translates to 385 per annum.

Property investments in OCEAN GROVE fare well against the rest of the country last year, registering a median home price increase of 13.45%.

Figures from the previous quarter show that capital gains for real estate buyers in OCEAN GROVE are high, as opposed to average gains per annum over the past five years.

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

This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In OCEAN GROVE, homes and units usually stay on listing for an average of 89.5 days.

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 $843,500

Investors saw the median home price rise to $843,500.

OCEAN GROVE ranks 384th on the list of best yielding suburbs for rental properties in VIC, posting a 3.27% return.

Surburb overview

Ocean Grove is a coastal suburb on the Bellarine Peninsula in Victoria, located approximately 20 kilometres south-east of the Geelong central business district and about 95 kilometres south-west of Melbourne. The suburb lies within the City of Greater Geelong and is one of the largest residential centres on the peninsula, positioned between the Barwon River and the Bass Strait coastline.

According to recent census data, Ocean Grove has a substantial and growing population, with a demographic profile that includes families, retirees and a significant number of sea-change residents.

The area has evolved from a holiday destination into a well-established residential community while maintaining a strong tourism presence. Housing in Ocean Grove consists predominantly of detached dwellings, with a mix of older beach houses and newer estates reflecting ongoing suburban expansion.

Road access is provided via the Bellarine Highway and Barwon Heads Road, connecting the suburb to Geelong and neighbouring coastal towns such as Barwon Heads and Point Lonsdale. Public transport includes regular bus services linking Ocean Grove to Geelong, with rail connections to Melbourne.

The suburb offers a wide range of essential services, including supermarkets, schools, medical centres and retail facilities, supporting both residents and surrounding communities. Ocean Grove features a defined town centre with shopping precincts, cafés and community services.

Recreational amenities include beaches along Bass Strait for surfing, swimming, and fishing, as well as sporting facilities and parks. The nearby Barwon River provides additional opportunities for boating, kayaking and walking along riverside trails. Natural features include coastal dunes, wetlands and open spaces that support local ecosystems and outdoor activities.

Ocean Grove continues to experience population growth and residential development as demand across the Bellarine Peninsula increases. Planning in the area focuses on balancing urban expansion with environmental management and coastal protection.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$950,000	$843,500
Growth Report
Median Quarterly	2.15%	5.44%
Median 12 month	-0.52%	13.45%
Median 3 years	-14.41%	-2.49%
Median 5 years	13.43%	21.98%
10 years average annual	6.78%	7.67%
Weekly media advert. rent	$620	$530
Time on Market	88.6 days	89.5 days
Gross Rental Yield Percent	3.39%	3.27%

Demographics (Median Values)*

Total Population 14165

Weekly Household Income 1432

Household Size 2.50

Average Age 42

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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