Over the last year, property investments in Ocean Grove, 3226 have given investors a capital gain of 9.32%. This compares badly with the 11.73% for VIC as a whole.
If we look at median property appreciation over just the last three months, Ocean Grove has given property investors a paper return of 2.37%. This puts Suburb as 382 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Ocean Grove 3226 should be seeing an average reduction in asking price of around -1.09% . This means that Ocean Grove is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Ocean Grove the average time real estate has been on the market is 33.13 days.
Situated 61.24km from the CBD, Ocean Grove is one of Greater Geelong localities in the postcode 3226.
At number 762th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Grove, 3226 is in the top half with a property value increase of 5.59% recorded in median house prices.
Ocean Grove,3226 has offered an average of 5.59% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Ocean Grove being $482000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.88%