Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Driftwood St
$975,000–$1,070,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
2
Car spaces
360 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$975,000–$1,070,000
Asking range · $2,708/m² of land
No recorded sale for this property.
Local land rate: recorded Townhouse sales in Ocean Grove (last 5 years) with land size have a median of $3,006/m² of land (n=8). Districts calculation from recorded sales — not a valuation.
Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$59,711 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Ocean Grove's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $584/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Oslo PropertyDefined:
Perched high within a quiet Old Ocean Grove court, this coastal residence captures sweeping outlooks across the Barwon River, treetops and Barwon Heads Bluff, delivering a lifestyle defined by elevation, light and effortless connection to its surroundings.
Thoughtfully designed across two levels, the home separates living and accommodation to maximise both privacy and outlook. Upstairs, open-plan living and entertaining take full advantage of the views, while downstairs offers a private retreat for family or guests. The result is a home that feels both expansive and functional, perfect for lock-and-leave ease, relaxed coastal living or hosting across all seasons.
From checking the surf as the sun rises to unwinding on the deck at sunset, this is a home where the lifestyle is led by its position.
Considered:
Kitchen: Centrally positioned to anchor the upper level, the kitchen is designed for connection and practicality, featuring a 900mm Euromaid freestanding oven with gas cooktop, Bosch dishwasher, island bench, built-in pantry, and generous preparation space.
Open Plan Living / Dining: Elevated to capture uninterrupted outlooks, the expansive living and dining zone (approx. 5.3m x 10.9m) is flooded with natural light, framed by large windows and direct access to the balcony. Polished timber floors and feature rough-sawn timber joinery add warmth and coastal character.
Balcony & Entertaining: Flowing directly from the main living zone, the balcony provides a seamless indoor-outdoor extension, perfect for entertaining, relaxing or simply taking in the Bluff and river views.
Master Suite (Upper Level): Privately positioned on the main living level, the master suite offers a quiet retreat, complete with walk-in robe and ensuite—ideal for separation from the secondary accommodation.
Secondary Living (Downstairs): A spacious rumpus/living zone (approx. 5.3m x 4.4m) provides flexibility for families or guests, with direct access to the lower deck, creating an additional breakout space.
Bedrooms (Downstairs): Two well-proportioned bedrooms (approx. 3.5m x 4.0m), both with built-in robes, are positioned for privacy and comfort, serviced by the central bathroom.
Main Bathroom: Well-appointed with a freestanding bath, travertine flooring, shower, vanity with storage and separate WC, balancing functionality with a relaxed coastal finish.
Outside: The home is set on a low-maintenance allotment, featuring multiple outdoor zones including the upper balcony, lower deck, and outdoor shower, perfect after beach days. The layout maximises usability while maintaining a lock-and-leave lifestyle.
Luxury Inclusions: Gas log fireplace, multiple reverse-cycle air conditioning units, polished timber flooring, rough-sawn timber joinery, excellent under-stair storage, double lock-up garage with internal access, and dedicated workshop/storage space.
Close by Facilities: Blue Waters Lake, Ocean Grove Golf Club, Barwon River walking tracks, The Groove Café, Ocean Grove Beach and town centre.
Ideal For: Holiday home buyers, downsizers, professional couples and families seeking a flexible coastal home with separation and views.
Listing description written by Harley Lewis, Oslo Property — reproduced as published, not verified by Districts.