Ocean Grove
The median rent for a 2-bedroom unit in Ocean Grove is $468 a week for leases that started in the year to September 2025, up 4.0% on a year earlier. That is 9% above the typical 2-bedroom unit rent across Geelong ($430). The median sale price in the Mar 2026 quarter was $1,065,000 for a house and $840,000 for a unit. A year of rent for that home is about 3.2% of its median sale price (gross rental yield). The rent data covers Ocean Grove-Barwon Heads as one area, so these rent figures are shared by Barwon Heads, Ocean Grove.
Median rent in Ocean Grove
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $290* | 0.0% | 10 |
| 2-bedroom unit | $468 | +4.0% | 62 |
| 3-bedroom unit | $560 | -6.4% | 45 |
| 2-bedroom house | $520 | +8.3% | 21 |
| 3-bedroom house | $550 | +3.8% | 165 |
| 4-bedroom house | $650 | +6.6% | 136 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,065,000 | Mar 2026 quarter |
| Unit | $840,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Geelong $460 a week
- Newcomb $460 a week
- Newtown (Greater Geelong) $440 a week
- Torquay $500 a week
- Belmont $430 a week
- Grovedale $430 a week