{"id":164227,"date":"2025-06-28T04:00:00","date_gmt":"2025-06-27T18:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?p=164227"},"modified":"2025-06-25T15:46:05","modified_gmt":"2025-06-25T05:46:05","slug":"town-snapshot-ocean-grove-2","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/town-snapshot-ocean-grove-2\/","title":{"rendered":"Town snapshot \u2013 Ocean Grove"},"content":{"rendered":"

THE size of Ocean Grove is about 18.5sqkm and has 22 parks covering nearly 16.5 per cent of total area.<\/strong><\/p>\n

The population of Ocean Grove in 2016 was 14,161 and by the 2021 Census the population was recorded at 19,394 showing a population growth of 37 per cent in the area during that time.<\/p>\n

There has been significant growth in Ocean Grove since the last Census with nearly 1,000 vacant lots and over 1,800 homes exchanging hands in recent years driving the population quickly to beyond 20,000.<\/p>\n

Supporting this residential growth is the popular Kingston Village that services much of the new growth area and more.<\/p>\n

Although Ocean Grove\u2019s origins date back to the 1870\u2019s with the establishment of a Methodist camp, the early 1950\u2019s saw many post war European migrant families settled in Ocean Grove, mainly Dutch, Polish, German and Yugoslav.<\/p>\n

Ocean Grove underwent a building boom during the 1970\u2019s and 80s\u2019, but even during the previous decade it became evident that urban growth would be paramount.<\/p>\n

In 1962 long time residents raised money to purchase an 81 hectare piece of land considered to be the last significant bushland in the area.<\/p>\n

Named the Ocean Grove Nature Reserve, it is a habitat for a rare small blue butterfly which breeds in ant nests.<\/p>\n

Ocean Grove is the largest town on the Bellarine Peninsula and performs an increasing dormitory role to Geelong, with the number of holiday homes declining as more families make Ocean Grove their home.<\/p>\n

CoreLogic data indicates the predominant age group in Ocean Grove is 0-9 years with households in Ocean Grove being primarily couples with children and are likely to be repaying on average $2,000 per month on mortgage repayments, and in general, people in Ocean Grove work in a professional occupation<\/p>\n

\"\"<\/p>\n

 <\/p>\n

AGENT PERSPECTIVE:<\/strong><\/p>\n

\u201cThe first six months of 2025 have brought a noticeable shift in the Ocean Grove real estate market.<\/p>\n

\u201cWhile activity remains steady, the dynamics of buyer and seller behaviour have evolved in response to external pressures, most notably, land tax increases and ongoing cost-of-living constraints.<\/p>\n

\u201cThese rising taxes have triggered a significant increase in holiday homes being listed for sale.<\/p>\n

\u201cWith ownership costs climbing, many part-time property holders are opting to divest. \u201cInterestingly, this has coincided with a strong wave of demand from owner-occupiers.<\/p>\n

\u201cWe\u2019re now seeing the majority of Ocean Grove sales going to permanent residents, families, retirees, and professionals making a lifestyle move to the coast.<\/p>\n

\u201cIf you\u2019re considering selling a holiday home, now is the time to think like a buyer.<\/p>\n

\u201cSmall updates, such as improving heating and storage, or presenting spaces for full-time living, can dramatically increase your appeal to this new wave of purchasers.<\/p>\n

\u201cIf you need advice, we\u2019re here to help you prepare a strategy that maximises your result.<\/p>\n

\u201cIn terms of market segments, there\u2019s strong and consistent demand for well-priced properties under $1,500,000.<\/p>\n

\u201cThis sector is moving well, and with more interest rate cuts expected in the coming months, confidence is likely to increase further.<\/p>\n

\u201cFor buyers, the time to act is now, while conditions are balanced and opportunity is ripe.<\/p>\n

\u201cFor sellers, premium selling time is just around the corner, so get ready, and be prepared to tweak your presentation or pricing strategy to meet the market.<\/p>\n

\u201cAt the top end of the market, 9 sales have occurred above $2 million so far this year.<\/p>\n

\u201cWhile that\u2019s a solid result, it\u2019s notably down on previous years, where we would typically see closer to 18 sales in that price bracket within six months.<\/p>\n

\u201cThe prestige buyer is still present, but more price-sensitive than before.<\/p>\n

\u201cThis underscores the importance of sharp pricing and tailored marketing to engage the right audience.<\/p>\n

“The broader market is holding firm, with a more balanced relationship between supply and demand compared to last year.<\/p>\n

\u201cVendor expectations have largely adjusted to the current environment, and we\u2019re seeing well-presented, well-priced homes still achieving strong interest.<\/p>\n

\u201cAs always, property is a long game, while the market continues to adjust to new conditions, Ocean Grove remains a highly desirable coastal location with enduring appeal.<\/p>\n

\u201cFor sellers, it\u2019s all about understanding the current landscape and preparing accordingly.<\/p>\n

\u201cFor buyers, it\u2019s a moment to secure quality property in a more considered and less frenzied market.\u201d<\/p>\n

Andrew Kibbis \u2013 Bellarine Property, Ocean Grove Team<\/em><\/p>\n

TIDBIT:<\/strong><\/p>\n

In 2009, the former HMAS Canberra was scuttled and opened to divers as an artificial dive reef a few kilometers off Ocean Grove<\/p>\n

Population: 19,394<\/p>\n

Male: 47.5%<\/p>\n

Female: 52.5%<\/p>\n

Median age: 44<\/p>\n

5 year population change: 37%<\/p>\n

House median sales price: $957,500<\/p>\n

Change in median price: (5yrs) 33.9%<\/p>\n

Median asking rent per week: $580<\/p>\n

Average length of ownership: 12 years<\/p>\n

Owner occupiers: 81%<\/p>\n

Renters: 19%<\/p>\n

House median value:<\/strong><\/p>\n

May 2025: $1,026,000<\/p>\n

May 2024: $1,045,600<\/p>\n

May 2023: $1,107,700<\/p>\n

May 2022: $1,246,500<\/p>\n

May 2021: $1,019,550<\/p>\n

House sales per annum:<\/strong><\/p>\n

Period ending May 2025: 309<\/p>\n

Period ending May 2024: 295<\/p>\n

Land median sale price:<\/strong><\/p>\n

May 2025: $528,000<\/p>\n

May 2024: $493,000<\/p>\n

Land sales per annum:<\/strong><\/p>\n

Period ending May 2025: 29<\/p>\n

Period ending May 2024: 43<\/p>\n","protected":false},"excerpt":{"rendered":"

THE size of Ocean Grove is about 18.5sqkm and has 22 parks covering nearly 16.5 per cent of total area. The population of Ocean Grove in 2016 was 14,161 and by the 2021 Census the population was recorded at 19,394 showing a population growth of 37 per cent in the area during that time. There […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":156,"featured_media":164236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-164227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nTown snapshot \u2013 Ocean Grove - Surf Coast Times<\/title>\n<meta name=\"description\" content=\"Discover key insights into the Ocean Grove property market, including growth trends, buyer shifts, and current sales data in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/town-snapshot-ocean-grove-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Town snapshot \u2013 Ocean Grove - 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