Over the last year, property investments in Ocean Grove, 3226 have given investors a capital gain of -2.19%. This compares averagely with the -1.79% for VIC as a whole.
Ocean Grove,3226 has offered an average of -2.19% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Ocean Grove are currently offering property investors an average price cut of -6.89% below the asking price at the moment.
With the median price for a house in Ocean Grove being $670000 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 3.53%
Ocean Grove, 3226 ranked 43th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ocean Grove is one of 2099 in our list for VIC
The five-year average increase in median property values for Ocean Grove,3226 has given property investors a potential capital gain of 74.36% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.31% offered to property buyers. Sellers in Ocean Grove itself are offering an average vendor discount of -7.54% to real estate investors.
Property investors should expect to get $400 weekly from the median priced house in this suburb.