OCEAN GROVE 3226
State: VICPosiProp AI Investment Summary
OCEAN GROVE (VIC 3226) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.2% and has experienced a 12-month capital growth of Up 3.6%, with a median house buy price of $983,750. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$841,000
$885,000
$1,100,000
$983,750
Suburb Market Profile
Last month Ocean Grove had 58 properties available for rent and 220 properties for sale. Median property prices over the last year range from $983,750 for houses to $770,000 for units. If you are looking for an investment property, consider houses in Ocean Grove rent out for $650 PW with an annual rental yield of 3.2% and units rent for $550 PW with a rental yield of 3.9%. Ocean Grove has seen an annual compound growth rate of 3.6% for houses and 1.7% for units.
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