Ocean Grove is the Bellarine Peninsula's largest town, beloved for its surf beach, safe family environment and relaxed coastal atmosphere. It has become increasingly popular with Melbourne sea-changers and retirees, pushing median prices above $800k. At the current $825k median house price, an 80% loan at 6.25% over 30 years is about $4,064 per month.
| Median house price | $825,000 |
|---|---|
| Median unit price | $545,000 |
| Estimated monthly repayment | $4,064 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 4% |
| Gross rental yield | 3.8% |
| Typical days on market | 31 |
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