Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
WA › Ocean Reef › Westra Way
4
Bedrooms
2
Bathrooms
2
Car spaces
815 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,921/m² of land (n=103). Districts calculation from recorded sales — not a valuation.
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
JOONDALUP
Zone
Residential
1
Jurisdiction
Joondalup
Joondalup, WA
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no bushfire risk zone was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
The official layer was queried and no heritage listed area was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 815 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $960/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
2 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 815 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 817 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Peard Real EstateA stunning coastal abode that boasts breathtaking ocean views and an abundance of space for entertaining. Featuring four-bedrooms, two-bathrooms, a self-contained flat with a kitchen, gorgeous outdoor areas on both levels and much much more, this home will not last long!
As you enter, you will immediately feel how large this home is, with three different directions to explore. The main level features a front office with windows overlooking the pleasant front yard, and flows through to the kitchen, living and dining areas, with hybrid engineered timber flooring throughout.
This is a kitchen you're going to want to use! Fully equipped with stone benchtops, spacious breakfast bar, sleek white cabinetry with plenty of overhead and under bench storage, plus quality Smeg appliances including a dishwasher, oven, gas cooktop and built-in rangehood.
Seamlessly connected to the living and dining area, this thoughtful open plan design is an entertainer's dream, with views overlooking the stunning backyard, and sliding doors to maximise the enjoyment of indoor/outdoor living.
The backyard is ideal for gatherings and entertaining, with timber decking, seating area underneath the patio, built in barbeque, PLUS a beautiful and inviting swimming pool and water feature. Also featuring a low maintenance garden and grassed area, leading towards the washing line, storage shed and additional tool shed.
Also on the main level are three large bedrooms with a conveniently located bathroom. The bedrooms are complete with built in wardrobes, ceiling fans and light filled windows, plus a separate bathtub and shower, and large vanity with great storage in the bathroom. The rear guest bedroom leads into a self-contained granny flat, including a living room, dining area and kitchen with oven and double stainless-steel sink. Access a private courtyard through the granny flat, to enjoy the afternoon sea-breeze or soak up some sun.
Upstairs, you'll find a carpeted landing that serves as an additional living space with direct access to an upper deck. This outdoor area provides panoramic beach views from Rottnest Island to Burns Beach, and can be enjoyed comfortably underneath the pitched patio; The perfect spot to watch the sunset every night.
The master bedroom is bright and light with windows and calming colour palette. The ensuite is accessible through the walk-in robe, with storage space on both sides and thoughtful sliding mirrored doors. Recently renovated, the ensuite includes a double vanity, large shower, feature free-standing bathtub and is tiled throughout.
Other property features include:
- Double garage with remote access
- Fantastic front garden and grassed area
- Neat laundry with storage and outdoor access
- Under stair storage
- Ducted air-conditioning throughout main level
- Split system and ceiling fan in self-contained granny flat
- Split system and ceiling fan in upstairs master bedroom
- Gas hot water system
- Council Rates approx $2,534.76 pa
Not to mention this enviable Ocean Reef location is ideal for whatever life stage you're at, nearly great lifestyle amenities including parks and reserves, shopping centres, schooling and only approximately a 3 minute drive to Iluka Beach and Foreshore!
- 1.2km to Beaumaris Park and 1.4km to Tarolinta Park
- 1.9km to Currambine Central Shopping Centre
- 4.6km to Lakeside Joondalup Shopping Centre
- 1.3km to Iluka Beach, Foreshore Park and Coastal Walking Path
- 3.4km to Ocean Reef Boat Harbour & new Marina development
- 4.5km to Mullaoo Beach and foreshore with restaurants, cafes and bars
- 1.4km to Marmion Avenue and 3.2km to Graham Farmer Freeway via Shenton Avenue
Don't miss your chance to own this piece of coastal paradise, with stunning ocean views and ample space for entraining. Imagine yourself hosting gatherings and enjoying the beautiful beachy lifestyle that this property offers… For more information, please contact Pauline Lyon on 0427 968 070 or via email Pauline.lyon@peard.com.au
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Pauline Lyon, Peard Real Estate — reproduced as published, not verified by Districts.