Ocean Grove, VIC 3226
Compare Part of Greater Geelong
63.43 km
Distance from Melbourne CBD
11 k
Population
Median Sale Price
House
-
Updated on Jul 2023
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2023
1 BR - | 2 BR - | 3 BR - |
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 | 391 |
| 2021 | $975,000 | +20.0% | $630,000 | $3,794,000 | 413 |
| 2022 | $1,180,000 | +17.4% | $190,000 | $6,800,000 | 295 |
| 2023 | $990,000 | -19.2% | $650,000 | $4,020,000 | 181 |
Median Sale Price
$1.01M
Based on 258 recorded sales within the last 12 months
Updated on 25 Sep 2023
Suburb Growth
-17.0%
Current Median Price: $1,012,500
Previous Median Price: $1,185,000
Based on 605 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2023)
Price Range Segments (12 months ending Aug 2023)
Median Weekly Rent Price
House
-
Updated on Jul 2023
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2023
1 BR - | 2 BR - | 3 BR - |
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 | $380 | 0.0% | $200 | $650 | 314 |
| 2016 | $385 | +1.3% | $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 | 204 |
| 2021 | $540 | +14.8% | $325 | $1,850 | 164 |
| 2022 | $550 | +1.8% | $220 | $2,500 | 242 |
| 2023 | $580 | +5.2% | $200 | $1,400 | 209 |
Median Rent Price
$580
per week
Based on 252 recorded rent within the last 12 months
Updated on 25 Sep 2023
Rent Price Growth
+5.2%
Current Median Rent: $580
Previous Median Rent: $550
Based on 480 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $1,012,500
Current Median rent: $580
Based on 510 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2023)
Auction Results For Ocean Grove
Houses sold in Last 12 months ends 23 Sep 2023
$1.02M
Median Sale Price
100%
Clearance Rate
109/110
Sold/Reported
$2M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $1.8 M - $2 M | 2 | |
| $1.6 M - $1.8 M | 6 | |
| $1.4 M - $1.6 M | 5 | |
| $1.2 M - $1.4 M | 22 | |
| $1 M - $1.2 M (Median Price Range) | 20 | |
| $800 K - $1 M | 41 | |
| $600 K - $800 K | 9 | |
Similar Suburbs to Ocean Grove 3226
Based on median house sale price sold in last 12 months
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 |