Ocean Grove, 3226 ranked 397th 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
When looking at the potential capital gains offered to property investors over the last 3 years, Ocean Grove comes in at number 473th in VIC.
Our latest figures would indicate that property sellers in Ocean Grove are currently offering property investors an average price cut of -4.53% below the asking price at the moment.
Often selling an investment property can take time, and in Ocean Grove the average time real estate has been on the market is 63.12 days.
Advertised rents are around the $420 mark per week – giving a return of 3.44% based on the median price in Suburb
At number 1041th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Grove, 3226 is in the BOTTOM 50% with a property value increase of 2.06% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ocean Grove has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.78% to buyers in Ocean Grove at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $350 mark per week – giving a return of 3.68% based on the median price in Suburb