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AREA REPORTS

Ocean Grove

Suburb Profile

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

house
unit

Property investors have seen a 1.45% 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 $700,000

Profits averaged 7.96% 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 $450 based on current median home prices for the suburb.

The gross rental yield in OCEAN GROVE, 3226 is 3.34%.

An average of 28.17 real estate transactions take place per month in OCEAN GROVE which translates to 338 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $625,000
GROWTH REPORT
Median Quarterly 1.45% -0.79%
Median 12 month 2.41% -5.66%
Median 3 years 23.89% 27.23%
Median 5 years 40% 50.6%
10 years average annual 6.05% 7.05%
Weekly media advert. rent $450 $400
Time on Market 88.1 days 100.6 days
Gross Rental Yield Percent 3.34% 3.33%
demographics (median values)
Total Population
11276
Weekly Household Income
1006
Household Size
2.50
demographics
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