Ocean Grove, VIC 3226
City of Greater GeelongAll suburbs in postcode 3226
Updated
Median house price
$960,000
Median · Land Victoria · the latest published quarter (updated May 2026)
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Ocean Grove at a glance
- Median unit
- $847,000
- Weekly rent
- $550
- Houses · units $468
- Population
- 17.7k
- Median age 43
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Ocean Grove
Houses change hands at $960,000 on a typical sale, in line with the Victoria median. Units come in around $847,000, roughly 12% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $192,000. Prices are in line with the Victoria median, so the broader state lending settings apply.
Rental data as of September 2025· Victorian rental report
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What to know about Ocean Grove
Ocean Grove (3226) sits in the Greater Geelong region of Victoria. The median house here is $960,000, in line with the Victoria median of around $850K.
Ocean Grove has roughly 17,714 residents, with an established, older skew. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Ocean Grove scores 16/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 24°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 598 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 5 government primary, 1 government secondary, 3 Catholic.
Schools in Ocean Grove
Location
Walkability
- Walk
- 16/100
- Transit
- 10/100
- Bike
- 20/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Ocean Grove's population at 17,714, with a median age of 43. That sits as an established, older skew. Households are predominantly owner-occupied (78% own, 18% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (75% family households, 23% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 75%
- Lone person
- 23%
- Owner occupied
- 78%
- Renter occupied
- 18%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.98% (median rent $550/wk against a $960,000 price tag). Units yield 2.87% gross, often the better cash-flow play for first-time investors. Renter share is modest (18%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 2.98%
- On the $960,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 2.87%
- On the $847,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
304 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 598 mm
- Hottest month, avg max
- 24.2°C
- Coldest month, avg min
- 6.7°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Ocean Grove
- What is the median house price in Ocean Grove?
- The median house price in Ocean Grove, VIC 3226 is $960,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $847,000.
- How much is my house worth in Ocean Grove?
- A useful starting point is the Ocean Grove median house price of $960,000 (units $847,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Ocean Grove a good investment?
- On the published figures, the gross rental yield on houses in Ocean Grove is 3.0%: the median weekly house rent is $550 (Victorian rental report, September 2025) against the median house price of $960,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Ocean Grove: the Land Victoria figures we hold do not measure one. Whether Ocean Grove is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Ocean Grove postcode?
- Ocean Grove is in the 3226 postcode, in VIC, in the City of Greater Geelong region.
- Where is Ocean Grove?
- Ocean Grove is a suburb in the City of Greater Geelong area, VIC 3226.
- What is the average rent in Ocean Grove?
- The median weekly rent for houses is $550, for units it's $468.
- What schools are in Ocean Grove?
- There are 9 schools serving Ocean Grove on this page, including Our Lady Star of the Sea School, Surfside Primary School, Ocean Grove Primary School.
- How walkable is Ocean Grove?
- Ocean Grove has a Walk Score of 16 out of 100, highly car-dependent. transit score 10, bike score 20.
- What suburbs are near Ocean Grove?
- Ocean Grove is close to Marcus Hill, Wallington, Wallington, Barwon Heads, Mannerim.
- What is the population of Ocean Grove?
- The population of Ocean Grove is approximately 17,714 (2021 Census). The median age is 43.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.