AREA REPORTS

Ocean Reef

 

 

WA/
Ocean reef

Suburb Profile

Ocean Reef - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6027

house

OCEAN REEF, 6027 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $721,000.

Profits due to an downward trend in home prices in the suburb averaged -1.92% per annum over a 3-year period.

OCEAN REEF now ranks at the 155th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in OCEAN REEF are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $520 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In OCEAN REEF, homes and units usually stay on listing for an average of 65.6 days.

In 2016, 104 properties were sold in OCEAN REEF during the past year, making it the 460th most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $721,000 N/A
GROWTH REPORT
Median Quarterly -0.14% N/A
Median 12 month 2.67% N/A
Median 3 years -5.75% N/A
Median 5 years -8.15% N/A
10 years average annual 0.52% N/A
Weekly media advert. rent $520 N/A
Time on Market 65.6 days N/A
Gross Rental Yield Percent 3.75% N/A
demographics (median values)
Total Population
8094
Weekly Household Income
1581
Household Size
3.10
demographics
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