Thinking about buying in Ocean Reef? Now could not be a better time, with 3210 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,153,000 with prices in this suburb ranging from $354,000 to $4,637,000. Ocean Reef is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $546.87 |
Median Monthly Mortgage | $2351.22 |
Median Persons Per Bedroom | 0.72 |
Average Household Size | 3.00 |
Average Age | 44.83 |
Average Income | $946.39 |
Average Cars Per Dwelling | 2.28 |
Average Properties Within 50M | 8 |
1 Bed  $1,168,000 |
2 Bed  $974,000 |
3 Bed  $956,000 |
4 Bed  $1,182,000 |
5 Bed  $1,384,000 |
6 Bed+$1,488,000 |
Consistent high demand relative to supply is a key feature in Ocean Reef driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ocean Reef ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Ocean Reef leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Ocean Reef necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
30 WINDLASS AV, OCEAN REEF, WA, 6027 | 5 | 2 | 2 | Under Offer | |
14 MAINSAIL DR, OCEAN REEF, WA, 6027 | 7 | 2 | 2 | End Date Sale | |
74 SANTIAGO PWY, OCEAN REEF, WA, 6027 | 6 | 3 | 6 | Expressions of Interest | |
10 BLOCK PL, OCEAN REEF, WA, 6027 | 5 | 3 | 3 | Contact Agent |
Ocean Reef Senior High School
Beaumaris Primary School
Ocean Reef Primary School
Prendiville Catholic College
St Simon Peter Catholic Primary School
Mullaloo Beach Primary School
Poseidon Primary School
Mullaloo Heights Primary School
Beldon Primary School
Beldon Education Support Centre
(While the above schools are located with the suburb of Ocean Reef there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Oct | 1.0 | 12.3 | 24.2 | 39.8 | 88.0 | 3.0 | 23.4 |
Nov | 0.9 | 14.7 | 27.4 | 35.3 | 82.4 | 3.3 | 27.9 |
Dec | 0.4 | 16.6 | 29.9 | 32.1 | 78.3 | 3.5 | 30.8 |
Jan | 0.7 | 18.6 | 32.1 | 31.7 | 76.5 | 3.5 | 29.1 |
Feb | 0.8 | 18.9 | 31.8 | 33.6 | 77.5 | 3.2 | 25.1 |
Mar | 0.6 | 17.3 | 29.8 | 35.9 | 81.1 | 2.9 | 20.0 |
Apr | 0.9 | 14.2 | 26.5 | 39.2 | 88.4 | 2.3 | 15.8 |
May | 2.8 | 10.1 | 22.4 | 43.4 | 93.1 | 2.0 | 12.3 |
Jun | 3.9 | 8.8 | 19.4 | 49.8 | 95.2 | 2.1 | 10.2 |
Jul | 4.6 | 8.4 | 18.6 | 51.2 | 96.1 | 2.1 | 10.4 |
Aug | 4.1 | 8.4 | 19.0 | 48.6 | 95.7 | 2.3 | 13.2 |
Sept | 2.5 | 9.8 | 20.9 | 44.2 | 92.9 | 2.6 | 18.0 |
source: Australian Government Bureau of Meteorology
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