Ocean Grove Property Market & Buyers Agents 2026

The Ocean Grove property market has undergone a period of recalibration following the significant boom experienced during the pandemic. After a surge driven by sea-changers from Melbourne, median house prices have seen a slight correction, settling at approximately $950,000. This represents a decrease of around 4-5% over the past twelve months, a cooling that was anticipated after several years of supercharged growth. Despite this recent dip, the five-year growth remains robust, highlighting the suburb's strong long-term appeal and capital appreciation.

The unit market has seen more volatility, with a more pronounced price fall in the last year, though this is on lower transaction volumes. Demand dynamics are influenced by a combination of lifestyle buyers, local families, and a steady stream of retirees. While the intense buyer frenzy has subsided, properties are still moving within a reasonable timeframe, with average days on market sitting around 56 days. The rental market remains tight, a consequence of population growth and the popularity of short-term holiday letting, which constrains long-term supply.

Ocean Grove is the largest and most developed town on the Bellarine Peninsula, offering a vibrant coastal lifestyle approximately 23 kilometres from Geelong. Its character is defined by a stunning surf beach fronting Bass Strait and the calmer waters of the Barwon River estuary, providing abundant opportunities for surfing, swimming, fishing, and kayaking. The town's commercial heart is The Terrace, a bustling strip of cafes, restaurants, and boutique shops. For everyday needs, residents are well-served by two major shopping centres, Ocean Grove Marketplace (with Woolworths) and Kingston Village Square (with Coles and Woolworths).

Families are a key demographic, drawn by the excellent local schools. Options include Ocean Grove Primary School, Surfside Primary School, the Catholic Our Lady Star of the Sea School, and the local public secondary school, Bellarine Secondary College. The community is active and engaged, with numerous sports clubs and the iconic Ocean Grove Surf Life Saving Club at its centre. Green spaces are plentiful, with the Ocean Grove Nature Reserve providing a sanctuary for native wildlife and walking trails.

Transport is primarily car-based, with the Bellarine Highway and Barwon Heads Road providing direct links to Geelong and Melbourne. Several public bus routes, including the 55 and 56 services, connect Ocean Grove to the Geelong CBD, Marshall Train Station, and neighbouring coastal towns, making commuting for work or leisure feasible.