Ocean Grove is in the bottom 40% in VIC when comparing median price capital growth over the last year. Ocean Grove gave property investors a disappointing capital gain figure when compared to the rest of the state, with 7.47%.
If we look at median property appreciation over just the last three months, Ocean Grove has given property investors a paper return of 2.25%. This puts Suburb as 346 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Ocean Grove should be aiming for at least -4.43% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Ocean Grove have been waiting around 72.01 days to sell a property.
Ocean Grove is 278th on a list of best yielding suburbs for rents in VIC with a 3.61% return
Giving property investors a an average capital gain of 5.31% for the last year, Ocean Grove, 3226 is the 780th highest performer in Australia in this respect.
While Ocean Grove,3226 ranked number 98th in VIC for increase in median house value (annualised) increase, it is ranked 166th over the last 5 years.
Ocean Grove, 3226 is offering VIC ‘s 204th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
In the last year 46 properties changed hands in Ocean Grove, which puts it as the 191th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 3.86% based on the median price in Suburb