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 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%|