Giving property investors a a solid capital gain of 12.80% for the last year, Ocean Grove, 3226 is the 752th highest performer in Australia in this respect.
Ocean Grove,3226 was ranked 1059 in Australia by increase in median property value over the quarter.
Ocean Grove, 3226 is offering VIC ‘s 379th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
On average over the past year, suburb has had 29.33 sales per month, which equates to 352 per year.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.02%, investors should hope to achieve an overall return of 3.28%
Over the last year, property investments in Ocean Grove, 3226 have given investors a capital gain of 23.17%. This compares very favourably with the 7.73% for VIC as a whole.
The five-year average increase in median property values for Ocean Grove,3226 has given property investors a potential capital gain of 47.34% across each of those five years.
Property investors looking for a bargain in Ocean Grove should be aiming for at least -4.64% off the asking price, which is the average vendor discount being achieved at the moment.