2. VIC
  3. Greater Geelong

Ocean Grove VIC 3226

Houses Units

Here you can find what you need to know about Ocean Grove, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$960K Median Sale Price (National Average $485k) 240th In VIC
-6.34% Median Sale Price Change (1yr) (National Average 4.30%) 2657th In VIC
$560pw Median Rent (National Average $395) 280th In VIC
3.0% Median Gross Yield (National Average 4.24%) 405th In VIC
Properties sold 297
Average discounting -7.00%
Average Days on Market 103
Stock on Market 267 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Ocean Grove, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Ocean Grove, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Ocean Grove, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Ocean Grove


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Ocean Grove, VIC 3226

Part of: Greater Geelong Council No data available

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Ocean Grove

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Ocean Grove   for Houses in last 12 months


There have been 297 Houses sold in Ocean Grove in the past 12 months with a median sale price of $960K, down 6.3% annually. It takes on average 82 days to sell with vendor discounting of -7.0%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Torquay VIC, 3228 -6.92% $1,210,000 $650pw 2.8% View Suburb Profile
Barwon Heads VIC, 3227 -14.98% $1,550,000 $630pw 2.1% View Suburb Profile
Ocean Reef WA, 6027 25.40% $1,185,000 $850pw 3.7% View Suburb Profile
Bellarine VIC, 3223 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Point Lonsdale VIC, 3225 -10.45% $1,210,000 $585pw 2.5% View Suburb Profile
Floreat WA, 6014 11.43% $1,950,000 $1,088pw 2.9% View Suburb Profile

Currency

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