2. WA
  3. Joondalup

Ocean Reef WA 6027

Houses Units

Here you can find what you need to know about Ocean Reef, WA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.2M Median Sale Price (National Average $485k) 66th In WA
25.40% Median Sale Price Change (1yr) (National Average 4.30%) 123rd In WA
$850pw Median Rent (National Average $395) 50th In WA
3.7% Median Gross Yield (National Average 4.24%) 312th In WA
Properties sold 132
Average discounting -2.43%
Average Days on Market 18
Stock on Market 53 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Ocean Reef, WA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Ocean Reef, WA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Ocean Reef, WA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Ocean Reef


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Ocean Reef, WA 6027

Part of: Joondalup Council No data available

The size of Ocean Reef is approximately 5.4 square kilometres. It has 11 parks covering nearly 28% of total area. The population of Ocean Reef in 2011 was 8,107 people. By 2016 the population was 7,862 showing a population decline of 3.0% in the area during that time. The predominant age group in Ocean Reef is 50-59 years. Households in Ocean Reef are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ocean Reef work in a professional occupation. In 2011, 84.5% of the homes in Ocean Reef were owner-occupied compared with 84.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Ocean Reef

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Ocean Reef   for Houses in last 12 months


There have been 132 Houses sold in Ocean Reef in the past 12 months with a median sale price of $1.2M, up 25.4% annually. It takes on average 12 days to sell with vendor discounting of -2.4%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Ocean Shores NSW, 2483 -8.33% $1,100,000 $850pw 4.0% View Suburb Profile
Mullaloo WA, 6027 23.76% $1,120,000 $850pw 4.0% View Suburb Profile
Iluka WA, 6028 17.79% $1,307,500 $1,050pw 4.2% View Suburb Profile
Austinmer NSW, 2515 -15.39% $2,047,500 $990pw 2.5% View Suburb Profile
Kinross WA, 6028 17.85% $772,500 $700pw 4.7% View Suburb Profile
Collaroy NSW, 2097 -1% $3,465,000 $1,250pw 1.9% View Suburb Profile

Currency

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