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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

Lot 529 Ripview Dr, Ocean Grove

$736,635

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Coastal Living Delight - 100% Fixed Price Turnkey in Kingston Co

Enjoy the simplicity of a fully finished home with this 100% fixed price turnkey opportunity in Kingston Coast Estate. With all inclusions taken care of, this is a stress-free way to secure your place in one of Ocean Grove's most sought-after coastal communities. Designed for modern comfort and ...

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House

VIC 3226


N/A, Ocean Grove

$755,845

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Smart Coastal Buying - Full Turnkey, 100% Fixed Price

Secure your place in Kingston Coast Estate with this full turnkey home, offering a 100% fixed price and complete peace of mind. Everything is included, giving you a clear and confident path to home ownership without the usual building stress. Set within a thriving Ocean Grove location, this is a ...

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VIC 3226


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