Ocean Reef WA Property Market
Postcode 6027
Data updated: July 2026 · Sources: ABS Census, CoreLogic, Domain
Median House
$1087k
Median Unit
$612k
Annual Growth
14.7%
Rental Yield
3.95%
Vacancy Rate
—
Source: SQM Research — not financial advice. Verify with a licensed property professional before making investment decisions.
About the Ocean Reef Property Market
Ocean Reef is a coastal suburb located approximately 30 kilometres north of Perth's CBD, positioned along Western Australia's pristine coastline. This established residential area combines beachside living with suburban convenience, offering residents direct access to beautiful beaches and marine reserves. The suburb has developed a reputation as a desirable location for families and professionals seeking a relaxed coastal lifestyle within reasonable commuting distance of the city.
Property Market
The local property market features a mix of established family homes, modern developments, and some unit complexes, with house prices typically sitting above the metropolitan median. Ocean Reef attracts steady interest from both owner-occupiers and investors, supported by its coastal location and established infrastructure. The suburb has demonstrated consistent appeal over time, with properties often commanding premium prices due to the beachside setting and quality amenities.
Lifestyle and Amenity
Residents enjoy excellent recreational facilities including Ocean Reef Marina, pristine beaches, and extensive parklands perfect for outdoor activities. The suburb is well-serviced by local schools and maintains good transport connections to Perth via major arterial roads. Shopping and dining options are readily available at nearby Joondalup, while the immediate area offers a relaxed, family-friendly atmosphere with strong community connections.
Who Buys Here
Ocean Reef primarily attracts families seeking a coastal lifestyle, young professionals, and retirees drawn to the peaceful environment and recreational opportunities. The suburb appeals to buyers who value quality of life, beach access, and community atmosphere while maintaining reasonable access to Perth's employment centres. Many residents are drawn by the combination of suburban amenities and genuine coastal living.
Investment Outlook
Rental demand remains supported by the suburb's coastal appeal and family-friendly environment, attracting tenants seeking quality beachside accommodation. The established nature of the suburb and ongoing infrastructure development in the northern corridors suggest continued interest from both residents and investors.
Data last updated: 20 July 2026
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How to Research a Suburb
Understanding the Numbers
Median house price represents the middle sale in a period — not the average. Rental yield is annual rent divided by property value. Vacancy rate below 3% indicates strong tenant demand. Annual growth shows 12-month price change — not a guarantee of future performance.
What to Research Before Buying
Check council zoning and DA restrictions, flood and bushfire overlays on state planning portals, infrastructure pipeline (rail, roads, schools), employer concentration (single-industry suburbs carry higher risk), and auction clearance rates (above 70% signals a seller's market).
Due Diligence Checklist
- ☐ Building and pest inspection
- ☐ Strata report (if applicable)
- ☐ Contract review by conveyancer
- ☐ Comparable sales in last 90 days
- ☐ Rental vacancy rate
- ☐ Council rates and water rates
- ☐ Body corporate fees (if applicable)
Data sources: ABS Census 2021, CoreLogic property transaction data, Domain listing data, and RBA statistical tables. Updated as new data becomes available.