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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 $1,050,000 and this has changed -4.55% over the past year and changed 3.70% over 2 years.

The median rent in Ocean Grove for houses is $560 per week and the median rental yield is 2.77%. Stock on the market for houses/townhouses has changed 11.67% compared to last year and the average time to sell a house/townhouse is 127 days.The median listing price for units is $690,000 and this has changed -8.00% over the past year. The average unit takes 109 days to sell and the median rent for a unit in Ocean Grove is $450 per week, producing a rental yield of 3.39%.

Supply & Demand in Ocean Grove, Greater Geelong

0.82%

Current vacancy rate


88

Rental stock available


14,163

Population


15.68%

Rental population


0.97%

Current vacancy rate


1,392

Rental stock available


233,426

Population


23.30%

Rental population


0.87%

Current vacancy rate


26,641

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 $1,050,000 $1,025,000 $690,000
Median price change - last quarter 0.00% -6.82% -1.43%
Median price change - 1 year -4.55% -10.49% -8.00%
Median price change - 2 years 3.70% 5.12% -7.39%
  House Townhouses Units
Median weekly rent $560 $580 $450
Median yield % 2.77% 2.94% 3.39%
Median rent change - 1 year -2.61% 11.53% 3.44%
  House Units
Previous month sales 0 0
Stock on market previous month 268 39
Stock variance vs. last year 11.67% 69.57%
Average days on market 127 109

Ocean Grove investment property listings

Showing 5 of 320 investment properties found in Ocean Grove on realestateinvestar.com.au

1 Canopus Rd, OCEAN GROVE

$975,000

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VIC 3226


4 Rosella Ct, OCEAN GROVE

$1,200,000

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VIC 3226


19 Greenview Rise, OCEAN GROVE

$750,000

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VIC 3226


89 Shorebreak Way, OCEAN GROVE

$880,000

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VIC 3226


147 Orton St, OCEAN GROVE

$1,800,000

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VIC 3226


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