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Investment Property Ocean Grove, VIC, 3226

Suburb Snapshot

Ocean Grove is a suburb in the Greater Geelong Region of Victoria. Ocean Grove has a population of 14,163 people and 15.68% of its occupants live in rental accommodation. The median listing price for houses is $1,000,000 and this has changed -4.68% over the past year and changed -9.10% over 2 years.

The median rent in Ocean Grove for houses is $570 per week and the median rental yield is 2.96%. Stock on the market for houses/townhouses has changed 0.36% compared to last year and the average time to sell a house/townhouse is 155 days.The median listing price for units is $600,000 and this has changed -13.67% over the past year. The average unit takes 218 days to sell and the median rent for a unit in Ocean Grove is $490 per week, producing a rental yield of 4.24%.

Supply & Demand in Ocean Grove, Greater Geelong

0.70%

Current vacancy rate


76

Rental stock available


14,163

Population


15.68%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Ocean Grove, Greater Geelong

  House Townhouses Units
Median listing price $1,000,000 $1,195,000 $600,000
Median price change - last quarter 0.00% 11.66% -4.35%
Median price change - 1 year -4.68% 20.10% -13.67%
Median price change - 2 years -9.10% 1.91% -20.00%
  House Townhouses Units
Median weekly rent $570 $580 $490
Median yield % 2.96% 2.52% 4.24%
Median rent change - 1 year 2.70% 0.00% 8.88%
  House Units
Previous month sales 21 2
Stock on market previous month 281 23
Stock variance vs. last year 0.36% -34.29%
Average days on market 155 218

Ocean Grove investment property listings

Showing 2 of 2 investment properties found in Ocean Grove on realestateinvestar.com.au

5 Bronzewing St, Ocean Grove

$850,000

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Beautifully Established And Brilliantly Flexible

Modern family living should feel exactly like this. Light-filled, beautifully established and ready to enjoy from day one, this immaculately presented four bedroom residence delivers the ease of a move-in ready home with the flexibility, comfort and future potential to make life in Ocean Grove ...

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House

VIC 3226


141A Powell Street East, Ocean Grove

$1,450,000

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Old Ocean Grove Ease, Light and Luxury Living

Fresh, quiet and beautifully self assured, this is a home that understands exactly what modern coastal living should feel like. In prized Old Ocean Grove, moments from patrolled beach, cafes and the village centre, this four bedroom residence delivers polished family functionality. Behind its ...

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Townhouse

VIC 3226


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