Ocean Reef, Perth Coastal Transformation Hub
Prestige coastal suburb anchored by the Ocean Reef Marina catalyst. Houses ~$1,350,000 (13.1–17.86% growth), 14-day market velocity, ultra-low vacancy (~0.34–0.38%), and 86% home ownership. Car-first market with a ~21-minute off-peak drive to the CBD and feeder buses to Whitfords/Joondalup.
Coastal lifestyle | Marina catalyst | Pre-approval in 24hrs
Why Ocean Reef Outperforms
Ocean Reef’s performance is powered by coastal scarcity and a multi-decade uplift from the $500m+ Ocean Reef Marina (milestones through 2036). Result: resilient capital growth, rapid 14-day selling velocity, and long runway as marina amenities roll out.
Ready to secure an Ocean Reef coastal asset? Let’s get you pre-approved.
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Houses vs Units in Ocean Reef
House-led coastal market; units are niche/low volume
Houses
Established coastal family homes; capital growth is the main play.
Performance Metrics
- Growth: +13.1% to +17.86% YoY
- Yield: ~3.85% gross
- Rent: ~$975/week
- DOM: 14 days
- Sales: ~140/year
Best For
Owner-occupiers: Families, coastal lifestyle, long-term hold
Investors: Growth focus with marina-led uplift
Units / Villas
Specialised, illiquid niche—high cash-flow potential where stock exists.
Performance Metrics
- Growth: N/A (2 sales/year)
- Yield: ~5.98% gross
- Rent: ~$775/week
- DOM: highly variable
- Sales: ~2/year
Best For
Investors: Yield focus; accept illiquidity
Downsizers: Low-maint coastal living (limited availability)
Market Insight: Ocean Reef houses operate under entrenched scarcity. With ~14-day DOM and low active listings, competition is intense—being finance-ready is essential.
Ocean Reef Property Metrics
Current verified statistics you need to know
House Median: ~$1.35m
Premium coastal segment in City of Joondalup.
- Annual growth: +13.1% to +17.86% YoY
- Quarterly: +3.34%
- Rent: ~$975/week
- ~140 sales/year
Units: Niche Market
Too few sales for reliable trend.
- Indicative yield: ~5.98%
- Rent: ~$775/week
- ~2 sales/year
- Specialist investors only
Days on Market
Properties moving extremely fast.
- Houses: 14 days median
- Vendor discount ~-4% (list-low, multi-offer tactics)
- Low stock depth
- High buyer urgency
Rental Yields
Growth-first coastal market with tight rentals.
- Houses: ~3.85%
- Units: ~5.98%
- Rents up sharply (up to ~29.4% YoY)
- Coastal premium supports rents
Supply Crunch
Scarcity drives competition.
- Active listings low (~42 houses est.)
- Absorption ~1.77%
- 86% owner-occupied base
- Vacancy ~0.34–0.38%
Market Outlook
12–24 month outlook remains positive.
- Houses: ~10%+ p.a. likely near-term
- Marina milestones to 2036 support values
- High-income buffer
- Units depend on new marina stock
Who Lives in Ocean Reef?
Understanding the demographics and lifestyle
86.2% Home Ownership
Exceptionally high owner-occupier rate—very tightly held coastal market with low rental churn.
- Stable family community
- Coastal lifestyle buyers
- Long tenure, low stock
- Demand exceeds listings
$2,480/Week Household Income
Affluent demographic with strong buying power to support $1.3m+ coastal homes.
- Above Perth metro average
- Dual-income professional families
- Serviceability for $1m+ loans
- Strong buyer resilience
Median Age: 44 Years
Established coastal suburb with strong school focus and family stability.
- Over 55% households with children
- Long-term residency
- Attractive to downsizers
- School-driven demand
2.3 Vehicles Per Dwelling
Car-first coastal market with feeder buses to Whitfords/Joondalup.
- Car-reliant suburban lifestyle
- Feeder bus links to Yanchep Line
- ~21-min off-peak drive to CBD
- Easy access to Hillarys & Joondalup
Ocean Reef’s Coastal & Commute Advantage
Why coastal proximity still works for daily commuters
Feeder Links to Yanchep Line
Bus routes connect to Whitfords or Joondalup stations.
Transit Benefits
- ~53 mins total to Perth CBD (bus + train)
- Works with car-first households
- Keeps coastal core quiet
- Practical for dedicated PT commuters
Coastal Premium: Rail access via feeders without sacrificing residential beach character.
Distance & Access
Approx. 28–30 km from Perth CBD—coastal but commuter-friendly.
Travel Options
- Car: ~21 min off-peak
- Peak: ~30–40 minutes
- Mitchell Fwy/Marmion Ave
- Feeder buses to stations
Commuter Choice: Most residents drive or do car + train, choosing the coastal lifestyle over station adjacency.
Shopping & Dining
Established local amenity with major uplift coming via the Marina.
Major Shopping
- Beaumaris City Shopping Centre
- Whitfords City nearby
- Ocean Reef Night Market
- Future waterfront dining/retail (Marina)
Lifestyle: Coastal suburb feel with premium amenity uplift incoming.
Recreation & Lifestyle
Marina expansion + classic northern beaches lifestyle.
Key Features
- Ocean Reef Boat Harbour expansion
- Coastal walking/cycling paths
- 3 km to Mullaloo Beach
- Access to Hillarys Boat Harbour & AQWA
Coastal Access: World-class marine facilities will cement Ocean Reef as a recreational destination.
Schools in & around Ocean Reef
Quality public options and elite private schools nearby
Ocean Reef Primary School
Beaumaris Primary School
Ocean Reef Senior High School
School Catchment Reality Check
CRITICAL: Ocean Reef’s appeal is boosted by strong public pathways and elite nearby privates (e.g., Prendiville Catholic, St Mark’s). Properties inside preferred catchments can command a premium—verify with WA Education before relying on school access as a purchase driver.
Ocean Reef vs Nearby Suburbs
How Ocean Reef stacks up along Perth’s northern coastal corridor
Ocean Reef: ~$1.35m
Marina-led, premium coastal
- 14-day DOM
- 13–18% house growth
- Marina catalyst to 2036
- Higher entry than Mullaloo
- Units scarce/illiquid
Iluka: ~$1.48–$1.57m
Established top prestige
- Highest established prestige
- Solid yields (~4.18%)
- Highest entry point
- Less short-term upside
Connolly: ~$1.16–$1.20m
Inland value, strong recent growth
- Recent annual growth ~25.6%
- Relative affordability
- No beach/marina access
- Less coastal prestige
Mullaloo: ~$1.289m
Classic family beach suburb
- 12-day DOM; strong recent growth
- Family-centric beach feel
- No full marina catalyst
- Yields modest
The Verdict: Choose Ocean Reef if you want premium coastal living with a long runway of marina-driven amenity. Iluka for established top prestige, Connolly for inland value and growth, Mullaloo for classic family beach at a slight discount.
Can You Afford Ocean Reef?
Calculate repayments for houses (~$1,350,000) or niche units/villas (~$872,000)
Who Should Buy in Ocean Reef?
Capital growth, marina-led amenity, and school-anchored demand
Capital Growth Investors
13–18% house growth, 14-day DOM, and entrenched scarcity—plus a decade of marina milestones—make Ocean Reef a reliable equity builder.
Coastal Owner-Occupiers
Beach access, strong public schools, and future waterfront amenity—without Iluka pricing.
Downsizers
Established, quiet coastal suburb, with new walkable dining/retail coming at the Marina.
Yield-Focused Investors (Units)
Scarce stock with ~5.98% gross yields and ultra-tight rentals—accept illiquidity for higher cash flow.
Ocean Reef Buyer FAQs
Questions every Ocean Reef buyer asks
Should I buy a house or unit in Ocean Reef?
Buy a house for liquidity and growth. ~140 sales/year, 14-day DOM, 13–18% growth. Units/villas trade ~2 times a year—fine for yield hunters who accept illiquidity.
Why are Ocean Reef houses still growing?
Coastal scarcity + high incomes + the Marina catalyst. Staged amenity through 2036 sustains buyer depth and price support beyond typical cycles.
Is the lack of a train station a problem?
No. It’s a car-first coastal suburb (~21-min off-peak drive). Feeder buses to Whitfords/Joondalup suit dedicated PT users without sacrificing beach lifestyle.
What deposit do I need?
HOUSE (~$1.35m): 20% = ~$270,000 to avoid LMI. 10% is possible with LMI; factor in ~$60.6k stamp duty at the median price.
Is Ocean Reef peaking?
Recent gains should moderate, but low stock, high incomes, and staged Marina delivery support continued growth over 12–24 months.
How competitive is it right now?
Extremely—~14-day DOM and low active listings. Turn up without pre-approval and you’ll likely miss out. Finance first, then inspect.
Ocean Reef vs Iluka, Connolly, Mullaloo?
Ocean Reef = marina-led premium with runway. Iluka = top prestige/price. Connolly = inland value/growth. Mullaloo = classic family beach at a discount.
Can I negatively gear a house here?
Yes, initially—yields ~3.85%. Most buyers target capital growth; rents (~$975/wk) and tight vacancy improve cash flow over time.
What ongoing costs should I expect?
Premium council/insurance typical of $1m+ coastal homes, stamp duty (~$60.6k at median), and standard maintenance. High local incomes buffer servicing.
Get Pre-Approved Before Coastal Properties Sell
Houses are selling in ~14 days. We specialise in northern coastal suburbs and can pre-approve you fast so you don’t miss the right home.
400+ northern corridor loans | Coastal specialists | Pre-approval in 24hrs
Speak to an Ocean Reef Specialist
We know the Ocean Reef market intimately—coastal family homes, growth investors, and downsizers. Fill out this form and we’ll contact you within 24 hours to discuss your Ocean Reef purchase and get you pre-approved fast.
Office
123 St Georges Terrace
Perth WA 6000
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Helpful Tools & Guides
Everything you need for a successful Ocean Reef purchase
Repayment Calculator
Calculate repayments for Ocean Reef houses (~$1.35m) or villas (~$872k).
Use CalculatorCurrent Ocean Reef Listings
See what’s currently for sale in Ocean Reef—coastal family homes.
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