Ocean Grove, VIC 3226

Ocean Grove, VIC 3226

Compare Part of Greater Geelong

63.43 km
Distance from CBD
11 k
Population

Auction Times

Sat 2 Jul
Auction Time Agency
36 Lake Avenue
3 2 3 House
11:30 AM
Sat 2nd Jul
Hayeswinckle Agent
Median Sale Price
House
$1.12M
Updated on May 2022
2 BR
$825K
3 BR
$1.08M
4 BR
$1.18M
Unit
$870K
Updated on May 2022
1 BR
$910K
2 BR
$704K
3 BR
$985K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$395,000
0.0% $184,000 $1,150,000 196
2010
$490,000
+19.4% $133,000 $2,610,000 260
2011
$470,000
-4.3% $235,000 $2,450,000 226
2012
$475,000
+1.1% $263,500 $3,301,650 238
2013
$457,500
-3.8% $80,000 $1,490,000 289
2014
$515,000
+11.2% $300,000 $2,500,000 273
2015
$535,000
+3.7% $214,000 $1,820,000 313
2016
$575,000
+7.0% $370,000 $2,500,000 310
2017
$637,500
+9.8% $405,000 $1,950,000 317
2018
$685,000
+6.9% $268,500 $3,200,000 325
2019
$700,000
+2.1% $480,000 $6,300,000 291
2020
$780,000
+10.3% $440,000 $3,600,000 390
2021
$962,000
+18.9% $630,000 $3,794,000 413
2022
$1,185,000
+18.8% $750,000 $4,000,000 163
Median Sale Price
$1.1M
Based on 389 recorded sales within the last 12 months
Updated on 27 Jun 2022
Suburb Growth
+21.8%
Current Median Price: $1,100,000
Previous Median Price: $860,000
Based on 834 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$550
Updated on May 2022
2 BR
$420
3 BR
$520
4 BR
$595
Unit
$460
Updated on May 2022
1 BR
$290
2 BR
$430
3 BR
$500
4 BR
$950
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$350
0.0% $150 $700 171
2012
$370
+5.4% $195 $1,391 222
2013
$360
-2.8% $200 $690 268
2014
$380
+5.3% $150 $575 155
2015
$375
-1.3% $200 $650 314
2016
$385
+2.6% $200 $1,200 292
2017
$430
+10.5% $215 $1,300 215
2018
$450
+4.4% $265 $1,500 255
2019
$450
0.0% $270 $1,350 279
2020
$460
+2.2% $290 $1,400 202
2021
$540
+14.8% $370 $1,850 164
2022
$580
+6.9% $210 $2,500 104
Median Rent Price
$550
per week
Based on 176 recorded rent within the last 12 months
Updated on 27 Jun 2022
Rent Price Growth
+5.5%
Current Median Rent: $550
Previous Median Rent: $520
Based on 345 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,100,000
Current Median rent: $550
Based on 565 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)

Auction Results For Ocean Grove

Houses sold in Last 12 months ends 25 Jun 2022

$1.09M

Median Sale Price

99%

Clearance Rate

298/302

Sold/Reported

$4M

Highest Sale Price

Sold Price Range No. of Sold Properties
$3 M and more 10
$2 M - $3 M 11
$1.8 M - $2 M 6
$1.6 M - $1.8 M 14
$1.4 M - $1.6 M 16
$1.2 M - $1.4 M 66
$1 M - $1.2 M
(Median Price Range)
56
$800 K - $1 M 106
$600 K - $800 K 13

Schools closest to Ocean Grove, VIC 3226

School name Address Type Sector Distance
Ocean Grove Primary School DRAPER STREETOcean Grove 3226 Primary Government 0.47 km
Our Lady Star of the Sea Primary School JOHN DORY DROcean Grove 3226 Primary Catholic 1.55 km
Surfside Primary School 31-65 JOHN DORY DRIVEOcean Grove 3226 Primary Government 1.79 km
Bellarine Secondary College Ocean Grove Campus Ocean Grove 3226 Secondary Government 1.84 km