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 26 Jun
Auction Time Agency
3/4 - 6 Driftwood Street
3 2 2 Townhouse
2:00 PM
Sat 26th Jun
R T Edgar
Median Sale Price
House
$843K
Updated on Apr 2021
2 BR
$740K
3 BR
$825K
4 BR
$870K
Unit
$688K
Updated on Apr 2021
1 BR
$500K
2 BR
$550K
3 BR
$739K
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
$488,000
+19.1% $133,000 $2,610,000 260
2011
$470,000
-3.8% $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
$695,000
+1.4% $485,000 $6,300,000 285
2020
$770,000
+9.7% $440,000 $3,600,000 373
2021
$892,000
+13.7% $645,000 $3,300,000 172
Median Sale Price
$857K
Based on 417 recorded sales within the last 12 months
Updated on 24 Jun 2021
Suburb Growth
+17.7%
Current Median Price: $857,000
Previous Median Price: $705,000
Based on 705 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$470
Updated on May 2021
2 BR
$400
3 BR
$450
4 BR
$520
Unit
$440
Updated on May 2021
1 BR
$220
2 BR
$395
3 BR
$480
4 BR
$530
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 $1,350 278
2020
$450
0.0% $290 $1,400 201
2021
$550
+18.2% $400 $1,850 66
Median Rent Price
$500
per week
Based on 144 recorded rent within the last 12 months
Updated on 24 Jun 2021
Rent Price Growth
+10.0%
Current Median Rent: $500
Previous Median Rent: $450
Based on 400 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $857,000
Current Median rent: $500
Based on 561 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2021)

Auction Results For Ocean Grove

Houses sold in Last 12 months ends 19 Jun 2021

$846K

Median Sale Price

100%

Clearance Rate

305/307

Sold/Reported

$3.2M

Highest Sale Price

Sold Price Range No. of Sold Properties
$3 M and more 1
$2 M - $3 M 9
$1.8 M - $2 M 3
$1.6 M - $1.8 M 9
$1.4 M - $1.6 M 15
$1.2 M - $1.4 M 20
$1 M - $1.2 M 26
$800 K - $1 M
(Median Price Range)
111
$600 K - $800 K 101
$400 K - $600 K 10

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