Ocean Reef WA 6027

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

$720k Median Sale Price (National Average $485k) 84th In WA
$500pw Median Rent (National Average $395) 55th In WA
3.6% Median Gross Yield (National Average 4.24%) 336th In WA
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Properties sold 96
Average discounting -6.98%
Average Days on Market 72
Stock on Market 21 for sale

Investment Strategy Scores

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

Example Only
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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 - June 2019

Auctions Clearance rate
WA 25 17%
ACT 40 55%
NSW 551 67%
NT 7 0%
QLD 114 35%
SA 103 55%
TAS 3 50%
VIC 644 70%

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 10 parks covering nearly 5.8% 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 88 Houses sold in Ocean Reef in the past 12 months with a median sale price of $714K, up -1.11% annually. It takes on average 78 days to sell with vendor discounting of -7.36%.

Streets in Ocean Reef


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