VIC3226· Pop. 17,714Greater Geelong

OCEAN GROVE

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$946,300

VIC Gov · 2025

Rent yield

2.9%

computed from govt data

Annual growth

-1.9%

annualised from govt data

Vacancy rate

2.1%

modelled estimate

AI insights for OCEAN GROVE

Investment analysis, risks & comparisons

PREMIUM

OCEAN GROVE shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

AI insights locked

Investment analysis · Risk assessment · Suburb comparisons

Unlock with Premium

Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$527/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+2.7%

annual shift

Yield × growth index

0.5

combined signal

Net yield (est.)

3.60%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+3.7%

est. compound, long-run avg

10-yr growth (CAGR)

+7.3%

est. compound, long-run avg

Rental demand

62 / 100

Strong demand

Supply pipeline

Real

1.6%

new dwellings approved / stock · ABS 2024-25

Moderate supply

5-year price history

2020

$790k

2021

$976k

2022

$1144k

2023

$983k

2025

$946k

Source: VIC Gov · 2025 · all sources

Market overview

OCEAN GROVE is a VIC suburb offering lower rental yield and moderate price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

Rental yield 2.9% with stable tenant demand
Access to national transport network and amenities

Risk factors

High entry price may limit buyer pool
Below-average growth — limited capital appreciation signal
Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,837/wk

$65k taxable p.a.

Renters

18.5%

78.4% owner-occupier

Median age

43.0 yrs

Unemployment

2.4%

Population growth

+3.5% p.a.

Investor-owned

16.0%

of all dwellings (ATO)

Houses

78%

15% apartments

Degree qualified

21.4%

bachelor's or higher (ABS)

Work from home

20.8%

of employed residents (ABS Census)

Median lot size

1.0 ha

Large block

Household size

2.4 persons

avg per dwelling (ABS Census)

Short-term rental

7.9%

Some Airbnb activity

Market activity

Distance to CBD

63.1 km

Regional

Days on market

30 days

Normal turnover

Auction clearance

59.6%

Balanced market

Walkability

85 / 100

Walker's paradise

Coastal proximity

11.9 km

Coastal fringe

NBN technology

FTTC

Good — fibre to curb

Population density

746/km²

Suburban

Schools in postcode 3226

🏫3 Primary

ACARA 2025

🏫Primary (3)

Ocean Grove Primary School

Government · Yrs Prep-6

ICSEA 1105

Our Lady Star of the Sea School

Catholic · Yrs Prep-6

ICSEA 1092

Surfside Primary School

Government · Yrs Prep-6

ICSEA 1075

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

Moderate

70/ 100

6.7 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Above average

1091ICSEA · national avg 1000

3 schools in postcode area

Source: ACARA My School 2025

Transit access

Limited

34/ 100

🚆 0 train🚌 16 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Stable / no signal

Established suburb with stable demographics. Consistent demand but lower gentrification upside.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

low

Source: State GIS flood zone data

🔥

Bushfire risk

none

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

medium

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

Properties in OCEAN GROVE

View listings

Local professionals

Connect with agents and building inspectors who operate in OCEAN GROVE. Ask about off-market opportunities, rental appraisals, or arrange a building inspection.

Create a free account to message agents and inspectors directly.

Premium feature

Full suburb intelligence is available to Premium subscribers. Unlock unlimited research, scoring, and market signals.

Upgrade to Premium