Mount Mercer vs Ocean Grove
Property investment comparison - Mount Mercer, VIC 3352 vs Ocean Grove, VIC 3226
Head-to-head across core investment metrics: Mount Mercer wins 1, Ocean Grove wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Mount Mercer | Ocean Grove |
|---|---|---|
| Median house price | $980K | $980K |
| Median unit price | - | - |
| Gross rental yield (houses) | 2.57% | 3.40% |
| Gross rental yield (units) | - | 3.84% |
| 1-year house growth | - | +3.4%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.6% | 1.9% |
| Population | 94 | 17,714 |
Mount Mercer vs Ocean Grove: what the numbers say
Houses cost about the same in both suburbs: the median house price is $980K in Mount Mercer and $980K in Ocean Grove.
On cash flow, Ocean Grove leads: houses there return a gross rental yield of 3.40%, compared with 2.57% in Mount Mercer, a gap of 0.83 percentage points.
Rental vacancy is 1.6% in Mount Mercer and 1.9% in Ocean Grove, so landlords in Mount Mercer face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ocean Grove is the bigger suburb, with a population of 17,714 against 94, roughly 188 times the size of Mount Mercer; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ocean Grove for rental income, Mount Mercer for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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