Ocean Grove, 3226 ranked 391th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ocean Grove is one of 2098 in our list for VIC
Ocean Grove,3226 was ranked 1583 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Ocean Grove itself are offering an average vendor discount of -6.32% to real estate investors.
At number 2707 in a list of fastest selling suburbs, Ocean Grove is in the bottom 30% of suburbs in Australia with an average of days on market 103.53 for properties listed there.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Property investors who have had real estate in Ocean Grove, 3226 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.92%
Across a shorter period, Ocean Grove, 3226 has seen a median price increase of -0.56% over the last quarter.
Sellers are offering property buyers an average discount of -5.15% to buyers in Ocean Grove at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $327.5 mark per week – giving a return of 3.87% based on the median price in Suburb