If you’re considering renting property in Ocean Grove, you’ve already made a smart move in narrowing down your search to one of the most sought-after beachside suburbs along Victoria’s Bellarine Peninsula. In 2024, rental prices in Ocean Grove reflect both the suburb’s growing popularity and its value as an affordable option compared to some of its neighbouring coastal towns. Whether you’re looking to live in quiet serenity, commute easily to Geelong, or invest in a rental property, Ocean Grove is certainly on the radar for good reasons.
Let’s dive into an in-depth look at rental prices in Ocean Grove, how they compare to nearby suburbs, and why Ocean Grove continues to attract renters looking for balance between lifestyle and affordability.
Rental Prices in Ocean Grove (2024)
Ocean Grove offers a variety of rentals from cozy units to family-sized homes. As of early 2024, the median rent for a house in Ocean Grove is sitting around $550 per week, while a typical 2-bedroom unit rents for about $420 per week. These prices are reflective of the growing demand for coastal living, yet still represent a more affordable choice compared to some surrounding locales.
“Ocean Grove remains a compelling option for those looking to rent in an area that’s both serene and vibrant. With proximity to Geelong and the Great Ocean Road, it offers a well-rounded beachside lifestyle without the hefty price tag of other waterfront suburbs.” – Ethan Caldwell, Real Estate Specialist
Here’s a quick breakdown of average weekly rental prices in Ocean Grove:
| Property Type | Average Weekly Rent (2024) |
|---|---|
| 2-Bedroom Unit | $420 |
| 3-Bedroom House | $550 |
| 4-Bedroom House | $650 |
Rental Market Trends in Ocean Grove
The year 2024 has seen a steady but moderate increase in rental prices, driven by growing interest in coastal living and expansion in infrastructure connecting the Bellarine Peninsula to larger employment hubs like Geelong and Melbourne. Renters are drawn to Ocean Grove not just for the spectacular beaches, but also for its enhanced connectivity and liveability.
How Does Ocean Grove Compare to Nearby Suburbs?
It’s important to place Ocean Grove’s rental prices in context with nearby suburbs to truly understand its value proposition. Compared to its neighbours, Ocean Grove offers both affordability and lifestyle appeal, making it attractive for long-term renters as well as people commuting to Geelong.
Barwon Heads
Ocean Grove’s immediate neighbour, Barwon Heads, offers a more upscale coastal experience. However, this prestige comes with a heavier price tag. The median rent for a house in Barwon Heads hovers around $750 per week, while units can cost as much as $480 per week for just a two-bedroom option.
- Ocean Grove: Affordable beachside living with growing dining and retail options.
- Barwon Heads: Charming and upmarket, but pricier.
| Suburb | Average Weekly Rent (House) | Average Weekly Rent (Unit) |
|---|---|---|
| Ocean Grove | $550 | $420 |
| Barwon Heads | $750 | $480 |
Ocean Grove clearly offers a cheaper alternative to Barwon Heads while still allowing residents to enjoy similar coastal access.
Clifton Springs and Drysdale
Located slightly further inland, Drysdale and Clifton Springs are typically more affordable than Ocean Grove. In 2024, rents in both areas are more budget-friendly with 3-bedroom homes averaging $460 per week, and 2-bedroom units around $360.
- Clifton Springs and Drysdale: More affordable for renters, but lack the direct coastal vibe of Ocean Grove.
- Ocean Grove: Ideal for those prioritizing beachside living at a slightly higher cost.
While these towns offer budget-conscious renters more affordable options, they lack the beachfront lifestyle that Ocean Grove provides.
Here’s how rent breaks down in comparison:
| Suburb | Average Weekly Rent (House) | Average Weekly Rent (Unit) |
|---|---|---|
| Ocean Grove | $550 | $420 |
| Clifton Springs/Drysdale | $460 | $360 |
Ocean Grove offers the balance – not the priciest in the area, but definitely providing more value for tenants interested in beach living, a bustling village atmosphere, and proximity to Geelong.
Affordable Rentals With Serene Surroundings and Easy Access to Geelong
One of the key factors driving demand in Ocean Grove is the ability to enjoy coastal life without breaking the bank. With rents undershooting other premium areas like Barwon Heads, Ocean Grove affords renters an idyllic, serene environment while still maintaining access to vital working hubs.
Serene Surroundings
Ocean Grove’s natural beauty is its calling card. Collendina Beach, Ocean Grove Nature Reserve, and the sprawling Lake Connewarre give renters the ability to enjoy everything from surfing to coastal walking trails right at their doorstep. This serenity contrasts sharply with the urban bustle of Geelong – a balance many young professionals and families are drawn to.
“It’s the kind of area where you can step out of the house and hit the beach within minutes. Homes with ocean views or direct access to green spaces are usually available at relatively more affordable rent rates compared to what you’d find closer to Melbourne or in Barwon Heads.” – Ethan Caldwell
Proximity to Geelong
Geelong is one of Victoria’s fastest-growing cities, and it’s just a 25-minute drive from Ocean Grove, making it a viable option for those who need to commute for work or education. With improvements in the regional transport network, it’s now easier than ever to commute into Geelong, which hosts Deakin University, major hospitals, and numerous business centres.
Ocean Grove for Families and Young Professionals
Ocean Grove attracts a mix of renters, from families looking for open-air living to young professionals and retirees seeking a more relaxed pace of life. The local amenities, including reputable schools like Ocean Grove Primary School and Leopold Primary School, along with a variety of cafes, restaurants, and close proximity to sporting clubs, make the suburb an attractive family choice.
For young professionals, the blend of affordable housing and an increasingly vibrant nightlife and café culture makes Ocean Grove a convenient and balanced location in 2024.
Essential Amenities that Add Value
When considering rental costs, any savvy renter also values proximity to essential and lifestyle amenities. Ocean Grove continues to develop modern infrastructure, rivaling larger townships across the Bellarine Peninsula.
Education
- Ocean Grove Primary School and Bellarine Secondary College provide highly regarded public-school options, while nearby Geelong offers independent and elite private schooling.
Retail and Dining
The Ocean Grove Marketplace and Ocean Plaza ensure locals are never far from supermarkets, retail outlets, and restaurants. Dining and cafes continue to flourish, with local favourites like The Driftwood Café and Napona pulling in crowds.
Public Transport and Commuting Options
From Ocean Grove, frequent bus services quickly take you to Geelong Station (about a 30-minute journey) where commuters can continue on to Melbourne (in about 1 hour by train). The Portarlington – Docklands Ferry service also provides an alternative method of transport on weekends.
Final Thoughts
In the current real estate market of 2024, Ocean Grove emerges as a coastal gem offering affordable rentals without compromising on lifestyle and conveniences. With weekly rent prices for houses and units lower than those in nearby, trendier suburbs like Barwon Heads, it stands out as a prime rental location for families, young professionals, and coastal enthusiasts. Plus, combined with serene surroundings and easy access to employment hubs like Geelong, it’s easy to see why so many are embracing Ocean Grove as a long-term home.
Would you consider Ocean Grove as your next rental destination to enjoy the quiet yet connected life along Victoria’s coast? Let me know your thoughts!
