Ocean Grove

Ocean Grove is a growing suburb with a diverse age group ranging from young children to seniors. Majority of the residents are professionals, followed by managers and technicians/tradeworkers. The suburb offers a good mix of commuting options including driving, public transport, walking, and working from home. There is a moderate proportion of residents commuting via train. For houses in Ocean Grove, the suburb has a notable amount of properties with a relatively high IQR of sale prices, making it potentially attractive for renovators. The rental yield is moderate at 3.3%. For units, there is a lower IQR of sale prices compared to houses, indicating a more stable market. Units have a slightly higher rental yield of 3.8% and a higher proportion of properties being rented out. The suburb has shown steady population growth over the years, which bodes well for property investment. Ocean Grove provides a peaceful coastal lifestyle with a range of amenities and educational opportunities. Property investors may find opportunities in both houses and units due to the suburb's population growth and transportation options. Homeowners looking to settle in a family-friendly area with good educational resources and commuting facilities may find Ocean Grove an appealing choice. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022