Ocean Reef is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6027). With a population of 8,125, the suburb has an established demographic with a median age of 44. Households earn a median income of $129K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Ocean Reef is $1.1 million, having grown strongly 8.4% over the past year. Units have a median price of $683,000 (+95% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $2,253.
Ocean Reef is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 41 bus stops.
From an investment perspective, Ocean Reef offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 8.1x is considered moderate. House prices have moved +8.4% year-on-year.
Ocean Reef is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6027). With a population of 8,125, the suburb has an established demographic with a median age of 44. Households earn a median income of $129K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Ocean Reef is $1.1 million, having grown strongly 8.4% over the past year. Units have a median price of $683,000 (+95% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $2,253.
Ocean Reef is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 41 bus stops.
From an investment perspective, Ocean Reef offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 8.1x is considered moderate. House prices have moved +8.4% year-on-year.