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Ocean Reef, WA 6027
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,540,000
market range $1.4M-$1.7M
Median Unit
$630,000
list-price estimate
Gross Yield (houses)
3.7%
1yr Growth (houses)
+16.1%
market range +12.5% to +20.0%
Investment snapshot for Ocean Reef
Ocean Reef has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ocean Reef market and investor summary
In Ocean Reef, WA 6027, the median house sells for around $1.5M, on a gross rental yield of 3.7% for houses. House prices have moved +16.1% over the past year and +52.9% over three years. At 1.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in Ocean Reef: people, income and schools
About 8,125 people live in Ocean Reef, and the area has been growing steadily, up about 10% over five years. At a median age of 44, it reads as skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $129,000 a year (about $2,480 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.9 times local household income, so affordability is a genuine constraint on local buyers.
Families have 35 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Ocean Reef sits about 24 km from the CBD. It is fairly car-dependent; the suburb scores 45 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 8,125
- +10% over 5yr
- Median age
- 44 years
- Median household income
- $129,000/yr
- Households renting
- 12%
- Family households
- 86%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 35
- avg ICSEA 1067
- Unemployment
- 3.5%
- Distance to CBD
- 24 km
- Walk score
- 45/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ocean Reef
View all →Frequently asked questions about Ocean Reef
What should I check before investing in Ocean Reef?
Ocean Reef has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.2%, before expenses, tax and loan costs. Capital growth of +16.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ocean Reef?
The median property price in Ocean Reef, WA 6027 is $1.5M for houses.
What rental yield does Ocean Reef show?
The gross rental yield in Ocean Reef is 3.7% for houses and 6.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Ocean Reef?
House prices in Ocean Reef are up 16.1% over the past year and up 52.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Ocean Reef?
The current vacancy rate in Ocean Reef is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ocean Reef?
Ocean Reef has a population of approximately 8,125 residents, with a median age of 44.
What schools are near Ocean Reef?
There are 35 schools within roughly 5km of Ocean Reef. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Ocean Reef affordable to buy in?
A median house in Ocean Reef costs about 11.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Ocean Reef's population growing?
The population of Ocean Reef has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Ocean Reef from the CBD?
Ocean Reef is about 24 km from the CBD.
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