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 Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
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 | $985,000 | -19.8% | $650,000 | $5,250,000 | 273 |
| 2024 | $951,000 | -3.6% | $705,000 | $3,900,000 | 94 |
Median Sale Price
$970K
Based on 289 recorded sales within the last 12 months
Updated on 25 Apr 2024
Suburb Growth
-16.5%
Current Median Price: $970,000
Previous Median Price: $1,130,000
Based on 554 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
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 | $390 | +2.6% | $200 | $1,200 | 292 |
| 2017 | $430 | +9.3% | $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 | 243 |
| 2023 | $580 | +5.2% | $200 | $1,400 | 289 |
| 2024 | $590 | +1.7% | $220 | $2,500 | 67 |
Median Rent Price
$570
per week
Based on 257 recorded rent within the last 12 months
Updated on 25 Apr 2024
Rent Price Growth
-1.8%
Current Median Rent: $570
Previous Median Rent: $580
Based on 533 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.1%
Current Median Price: $970,000
Current Median rent: $570
Based on 546 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Ocean Grove
Houses sold in Last 12 months ends 20 Apr 2024
$985K
Median Sale Price
67%
Clearance Rate
16/24
Sold/Reported
$1.67M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M (Median Price Range) | 6 | |
| $600 K - $800 K | 3 | |
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 |