ABS 2021 Census · Updated 31 March 2026
Ocean Grove is a coastal suburb in Victoria, Australia, with a population of approximately 17,714, making it a smaller community. Located approximately 62 km from the Melbourne CBD, Ocean Grove is a coastal area in Victoria. The median household income is $95,524 AUD per year (ABS 2021 Census).
Strong household incomes in Ocean Grove underpin solid property demand. Coastal lifestyle appeal adds a premium that supports long-term demand.
Map shows Ocean Grove, Victoria, Australia.
Official Australia Post postcode for Ocean Grove. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 4 schools within or near this suburb based on ABS 2021 data.
Find schools near Ocean Grove on My School →Estimated 7 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Coastal lifestyle is a strong draw for Ocean Grove, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $420/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. The median household income of $95,524/year reflects a solid demographic, supporting sustainable rental demand.
A buy-and-hold approach in Ocean Grove could work well with careful property selection and a longer time horizon.
Rental yields in Ocean Grove are moderate — screen for properties that offer above-average returns.
Some renovation potential exists in Ocean Grove, though margins may be tighter due to higher base prices or competition.
Run the numbers on a Ocean Grove property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Growth in Ocean Grove through 2026 will likely be steady rather than spectacular, tracking the wider market. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Ocean Grove offers measured appeal for investors willing to look beyond headline metrics.
Ocean Grove is a coastal area in Victoria with a population of 17,714. The median rent is $420/week and the median household income is $95,524/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Ocean Grove include lifestyle appeal and proximity to the coast. 74% of dwellings are separate houses. The area has approximately 4 schools and 7 parks nearby.
According to the ABS 2021 Census, Ocean Grove has a population of approximately 17,714. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Ocean Grove is approximately 62 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.