8/81 The Parade

Ocean Grove VIC 3226

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.

Ocean Grove has 11,264 properties. Over the last 5 years, Houses in Ocean Grove have seen a 41.75% increase in median value, while Units have seen a 29.44% increase. As at 30 September 2024:

• The median value for Houses in Ocean Grove is $1,004,394 while the median value for Units is $816,864.
• Houses have a median rent of $575 while Units have a median rent of $520.