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 3.1% and has experienced a 12-month capital growth of Down -0.1%, with a median house buy price of $968,750. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$873,500
$890,000
$1,100,000
$968,750
Suburb Market Profile
Last month Ocean Grove had 43 properties available for rent and 234 properties for sale. Median property prices over the last year range from $968,750 for houses to $780,000 for units. If you are looking for an investment property, consider houses in Ocean Grove rent out for $620 PW with an annual rental yield of 3.1% and units rent for $520 PW with a rental yield of 3.7%. Ocean Grove has seen an annual compound growth rate of -0.1% for houses and 4.0% for units.