At number 1865th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Grove, 3226 is in the top half with a property value increase of 7.08% recorded in median house prices.
The five-year average increase in median property values for Ocean Grove,3226 has given property investors a potential capital gain of 19.29% across each of those five years.
Our latest figures would indicate that property sellers in Ocean Grove are currently offering property investors an average price cut of -5.69% below the asking price at the moment.
Ocean Grove, 3226’s gross rental yield is 3.57%
Ocean Grove is in the bottom 20% in VIC when comparing median price capital growth over the last year. Ocean Grove gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.14%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ocean Grove has increased when compared to the 5 year average annual rate.
Ocean Grove3226 is located in VIC which offers an average discount of -4.95% to property investors. Ocean Grove itself is showing figures that indicate -3.70% is the average achievable by property buyers investing in the suburb.
Ocean Grove, 3226’s gross rental yield is 4.11%