Is OCEAN GROVE a good suburb for positive geared property investment in Australia?

OCEAN GROVE in VIC currently features property rental yields up to 3.4% with a 12-month capital growth value of Up 3.2%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in OCEAN GROVE 3226?

The median house price in OCEAN GROVE 3226 is approximately $980,000 based on the latest tracked market indices.

Investment Spotlight • Australia

OCEAN GROVE 3226

State: VIC

Updated: 5 August 2026

PosiProp AI Investment Summary

OCEAN GROVE (VIC 3226) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.4% and has experienced a 12-month capital growth of Up 3.2%, with a median house buy price of $980,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$900,000

Up 8.4% 3.3% Yield

3 house • buy

$885,000

Down -0.2% 3.4% Yield

4 house • buy

$1,100,000

Up 2.8% 3.4% Yield

all house • buy

$980,000

Up 3.2% 3.4% Yield

Suburb Market Profile

Last month Ocean Grove had 54 properties available for rent and 224 properties for sale. Median property prices over the last year range from $980,000 for houses to $762,500 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 3.4% and units rent for $550 PW with a rental yield of 3.8%. Ocean Grove has seen an annual compound growth rate of 3.2% for houses and -2.4% for units.

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