Property investors have seen a 1.97% 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 $582,500
Profits averaged 5.36% 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 $400 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.57%.
An average of 31.75 real estate transactions take place per month in OCEAN GROVE which translates to 381 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.37%||-6.91%|
|Median 3 years||16.09%||21.33%|
|Median 5 years||21.61%||16.67%|
|10 years average annual||5.8%||4.51%|
|Weekly media advert. rent||$400||$350|
|Time on Market||78.8 days||88.3 days|
|Gross Rental Yield Percent||3.57%||4%|