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Ocean Grove suburb profile

Ocean Grove is a coastal town on the Bellarine Peninsula built around a long surf beach and the Barwon River estuary, giving it a genuine seaside character. The foreshore is backed by sand dunes and the Ocean Grove Nature Reserve, which draws walkers and birdwatchers, while the estuary offers calmer water for swimming, paddling and boating. The town centre has a village feel with cafés, bakeries and everyday shops, and housing ranges from weatherboard beach cottages to more contemporary suburban homes. Popular with holidaymakers, young families and retirees, Ocean Grove combines relaxed coastal living with convenient road links to Geelong and beyond.

Ocean Grove property market performance

Current median dwelling price$853,750Past 3 months

Property growth+12.2%Past 12 months

Ocean Grove has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. The median house price is $950,000, up a marginal 1.5% over the last 12 months. Unit values rose sharply, up 23.0% over the same 12-month period.

Over the last 3 months, 90 houses and 4 units sold. Both houses and units had a median days on market of 65, so they sold in a similar time.

The rental market in Ocean Grove saw house rents average $650 a week, up sharply 12.1% over the last 12 months, while unit rents averaged $500 a week, up sharply 11.1% over the same period; the two rent measures rose at a similar pace.

HousesUnits
Median price
Past 3 months
$950KN/A
Change in value
Past 12 months
1.5%23.0%
Sold
Past 3 months
904
Median days on market
Past 12 months
6565
Average rent
Past 12 months
$650$500
Change in rent
Past 12 months
12.1%11.1%

5 year median price trend for houses and units

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Ocean Grove demographics

A community of 17,714 people has a median age of 43 and a median household income of $1,837 a week, roughly $95,500 a year.

Households are strongly family-oriented: couple families with children make up 43.1% of families and couple families without children 44.1%, together just over eight in ten families. One-parent families account for 12.2% and other families 0.6%.

In Ocean Grove, owner-occupiers are the most common tenure, with 42.4% of homes owned outright and 38.6% owned with a mortgage, a combined 81.0%, while renters make up 19.1% of dwellings.

Suburbs near Ocean Grove

Some popular suburbs near Ocean Grove include:

  • Barwon Heads: Coastal village at the mouth of the Barwon River, with popular beaches.
  • Wallington: Small semi-rural community on the Bellarine Peninsula, with farms and lifestyle blocks.
  • Point Lonsdale: Prominent headland with its lighthouse marking the entrance to Port Phillip.
  • Curlewis: Newer residential suburb with coastal outlook and beach access.
  • Leopold: Established residential town with parks, riverfront reserves and community facilities.

How does Ocean Grove compare to nearby suburbs?

  • Median house prices: Ocean Grove’s median house price is 31.9% higher than Curlewis’s.
  • House price growth: Over the past 12 months, house prices in Ocean Grove have grown 8.3% higher than in Barwon Heads.
  • Unit price growth: Over the past 12 months, unit prices in Ocean Grove have grown 16.6% higher than in Leopold.
  • Selling speed for houses: Properties in Ocean Grove are selling 14.5% faster than in Barwon Heads.
  • Selling speed for units: Properties in nearby Leopold are selling 70.8% faster than in Ocean Grove.
  • Investment considerations: In Ocean Grove, the rental yield for house is 2.5% higher than the Melbourne average, while the rental yield for units is 15.3% lower.
  • House price growth: Over the past 12 months, house prices in Ocean Grove have grown 6.0% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Ocean Grove have grown 27.4% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Ocean Grove

Currently, there are 70 real estate agents working in Ocean Grove—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 70 agents sold 32.1% of all properties in Ocean Grove over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Ocean Grove typically charge a commission of 2% to 2.5%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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