Investment property in Ocean Grove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.84%
Ocean Grove,3226 was ranked 1038 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Ocean Grove should be aiming for at least -6.70% 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 118.48 days to sell a property.
Situated 61.83km from the CBD, Ocean Grove is one of Greater Geelong localities in the postcode 3226.
Ocean Grove is in the bottom 30% 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 -1.54%.
Over the longer term, Ocean Grove has seen property prices show investors a 2.72% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Ocean Grove is $416000, with sellers offering an average of -5.27% off the asking price.
Situated 63.07km from the CBD, Ocean Grove is one of Greater Geelong localities in the postcode 3226.