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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Ocean Grove, the median property price for a house is currently 951,000 with annual capital growth of -4.90 . There were 307 house sales in the past 12 months. On average, houses spend 81 days on market.
If you're thinking about buying an investment property in Ocean Grove, consider that rental yields for houses are currently 3.01 with an average median rent of 580 weekly. Houses have seen -1.96 growth in the past quarter, and -4.90 growth in the past 12 months.
The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years.
Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.
In Ocean Grove, the median property price for a unit is currently 782,500 with annual capital growth of -11.58 . There were 40 unit sales in the past 12 months. On average, units spend 114 days on market.
If you're thinking about buying an investment property in Ocean Grove, consider that rental yields for units are currently 3.44 with an average median rent of 520 weekly. Units have seen -5.72 growth in the past quarter, and -11.58 growth in the past 12 months.
The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years.
Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.
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| Key Market Data | House | Unit |
| Median price | 951,000 | 782,500 |
| Quarterly growth | -1.96 | -5.72 |
| 12-month growth | -4.90 | -11.58 |
| Average annual growth | +7.10 | +4.43 |
| Weekly median rent | 580 | 520 |
| Gross rental yield | 3.01 | 3.44 |
| Number of Sales (12m) | 307 | 40 |
| Avg. Days on Market (12m) | 81 | 114 |
| Key Demographics | 2011 | 2016 |
| Total population | 12,555 | 14,161 |
| Population change (5y) | +11.36 | +12.80 |
| Median household income (p/w) | 1,208 | 1,440 |
| Household income change (5y) | +20.08 | +19.21 |
| Median age of persons | 41 | 43 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Ocean Grove was 14,161 in 2016, a +12.80 change compared to 2011.
The predominant age group in Ocean Grove is 0-9 years.
The population of Ocean Grove was 14,161 in 2016, a +12.80 change compared to 2011.
The predominant age group in Ocean Grove is 50-59 years.
Most of the population in Ocean Grove were born in Australia.
Most of the population in Ocean Grove were born in Australia.
Most of the population in Ocean Grove report their religion as No Religion.
Most of the population in Ocean Grove report their religion as No Religion.
Most of the population in Ocean Grove report their income range as between 78,000 and 130,000 .
The median household income in Ocean Grove was 1,440 in 2016, a +19.21 change compared to 2011.
Most of the population in Ocean Grove report their income range as between 78,000 and 130,000 .
The median household income in Ocean Grove was 1,208 in 2011, a +20.08 change compared to 2006.
Most of the population in Ocean Grove work as Professional.
Most of the population in Ocean Grove work as Professional.
The chart below demonstrates the various levels of education in Ocean Grove.
The chart below demonstrates the various levels of education in Ocean Grove.
Most of the population in Ocean Grove reached a qualification level of Certificate.
Most of the population in Ocean Grove reached a qualification level of Certificate.
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