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Michael Cullinan

Mortgage Broker Ocean Grove

Ocean Grove is a seaside town in Victoria, located on the Bellarine Peninsula. With a population of roughly 15,000, this number swells to four times that during the school summer holidays, as tourists from Melbourne, Geelong, interstate, and overseas flock in.

 

Buying a property in Ocean Grove? We can help secure you the right finance

The Median house sale price range is $973,000 with a 38% increase in the last 4 years (March 2020-March 2024), the corresponding previous 4 years showed a 33% rise.

Based on its average 5-year and quarterly capital gains OCEAN GROVE, 3226 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits averaged 4.67% per annum over a 3-year period, due to an upward trend in home prices in OCEAN GROVE, 3226, investors could earn a rental income of $570 based on current median home prices for the suburb, a gross rental yield of 3.06%.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median unit price rise to $850,000

*As at 24/7/2024 (Data sourced from Realestate.com.au/Core Logic & Smart Property Investment)


Talk to Michael Cullinan, your local Mortgage Choice Broker. Let us research and compare more than 30 lenders for you.

 

 

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The right home loan for your needs

Our mission is to find the right home loan for your individual needs and always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation.

 

Contact Michael Cullinan and the team at Mortgage Choice on 0447 528 116 or email michael.cullinan@mortgagechoice.com.au

 


The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

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