VIC/
Ocean grove

Suburb Profile

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

house
unit

Property investors have seen a 1.69% 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 $600,000

Profits averaged 5.86% 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 3.64%.

An average of 32.92 real estate transactions take place per month in OCEAN GROVE which translates to 395 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $600,000 $476,600
GROWTH REPORT
Median Quarterly 1.69% 2.99%
Median 12 month 9.29% 7.1%
Median 3 years 17.59% 20.66%
Median 5 years 28.48% 19.9%
10 years average annual 6% 4.69%
Weekly media advert. rent $420 $360
Time on Market 70.6 days 77.5 days
Gross Rental Yield Percent 3.64% 3.93%
demographics (median values)
Total Population
11276
Weekly Household Income
1006
Household Size
2.50
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