WA6027· Pop. 42,828Wanneroo

OCEAN REEF

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

Annual growth and vacancy rate are modelled estimates based on long-run state averages. Price and rent use real government data where available. This is not financial advice. See full disclaimer.

Median price

—

no recent data

Rent yield

5.3%

rent real · price estimated

Annual growth

14.0%

modelled estimate

Vacancy rate

1.4%

modelled estimate

AI insights for OCEAN REEF

Investment analysis, risks & comparisons

PREMIUM

OCEAN REEF shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Price figures are estimated — suburb-level data not available for this state. Verify with Domain or REA.

Median rent

$1,050/wk

WA Bond Authority · Mar 2026

Demand change

+15.0%

annual shift

Yield × growth index

9.7

combined signal

Net yield (est.)

3.68%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+12.2%

est. compound, long-run avg

10-yr growth (CAGR)

+4.5%

est. compound, long-run avg

Rental demand

74 / 100

Very high rental demand

Supply pipeline

Est.

0.1%

new dwellings approved / stock · Modelled estimate

Low supply pressure

5-year price history

No price history available.

Market overview

OCEAN REEF is a metropolitan WA suburb with strong capital growth momentum and high rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.

Highlights

Metro WA suburb with strong infrastructure and transport
Strong rental yield of 5.3%
High annual growth of 14.0% — outperforming state average
Very low vacancy rate — high rental demand

Risk factors

High entry price may limit buyer pool
Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$2,016/wk

$88k taxable p.a.

Renters

22.2%

76.1% owner-occupier

Median age

40.0 yrs

Unemployment

3.5%

Population growth

+3.0% p.a.

Investor-owned

13.0%

of all dwellings (ATO)

Houses

58%

29% apartments

Degree qualified

25.2%

bachelor's or higher (ABS)

Work from home

17.3%

of employed residents (ABS Census)

Median lot size

570 m²

Standard block

Household size

2.4 persons

avg per dwelling (ABS Census)

Short-term rental

9.0%

Active STR market

Market activity

Distance to CBD

23.0 km

Outer suburbs

Days on market

12 days

Fast-moving market

Auction clearance

50.9%

Balanced market

Walkability

35 / 100

Some errands walkable

Coastal proximity

23.0 km

Coastal fringe

NBN technology

FTTN

Standard — fibre to node

Population density

1,395/km²

Suburban

Schools in postcode 6027

🏫12 Primary🎓4 Secondary📚1 Combined⭐4 Special

ACARA 2025

🏫Primary (12)

St Simon Peter Catholic Primary School

Catholic · Yrs PP-6

ICSEA 1086

Mullaloo Beach Primary School

Government · Yrs K-6

ICSEA 1077

Beaumaris Primary School

Government · Yrs K-6

ICSEA 1070

Mullaloo Heights Primary School

Government · Yrs K-6

ICSEA 1070

Edgewater Primary School

Government · Yrs K-6

ICSEA 1064

Connolly Primary School

Government · Yrs K-6

ICSEA 1062

Ocean Reef Primary School

Government · Yrs K-6

ICSEA 1043

Joondalup Primary School

Government · Yrs K-6

ICSEA 1024

Poseidon Primary School

Government · Yrs K-6

ICSEA 1018

Beldon Primary School

Government · Yrs K-6

ICSEA 1016

Eddystone Primary School

Government · Yrs K-6

ICSEA 1013

Heathridge Primary School

Government · Yrs K-6

ICSEA 1011

🎓Secondary (4)

Prendiville Catholic College

Catholic · Yrs 7-12

ICSEA 1073

Mater Dei College

Catholic · Yrs 7-12

ICSEA 1056

Ocean Reef Senior High School

Government · Yrs 7-12

ICSEA 1055

Belridge Secondary College

Government · Yrs 7-12

ICSEA 1010

📚Combined (1)

Lake Joondalup Baptist College

Independent · Yrs PP-12

ICSEA 1102

⭐Special (4)

Beldon Education Support Centre

Government · Yrs K-6

ICSEA 1049

Belridge Secondary Education Support Centre

Government · Yrs 7-12

ICSEA 1039

Joondalup Education Support Centre

Government · Yrs K-6

ICSEA 1032

Alta-1 College

Independent · Yrs 7-12

ICSEA 950

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

High crime

42/ 100

17.5 offences / 100 persons

⚠ Modelled estimate · details

School quality

Average

1044ICSEA · national avg 1000

21 schools in postcode area

Source: ACARA My School 2025

Transit access

Limited

39/ 100

🚆 3 train🚌 32 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Early signs

Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

none

Source: State GIS flood zone data

🔥

Bushfire risk

none

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

low

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

Properties in OCEAN REEF

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