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 › Volante Elbow
$1,000,000
Last sold
13 July 2022
4
Bedrooms
2
Bathrooms
2
Car spaces
700 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
$1,000,000
13 July 2022 · derived via latest_sale
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,923/m² of land (n=102). 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.
Vs Ocean Reef
-33.1%
Median sale
Suburb $1,495,000
+1.65 pp
Gross yield
Suburb 3.34%
Suburb median $1,495,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 700 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 700 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 702 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 EstateSet in an iconic location and less than 300m from the beach, this waterfront property presents uninterrupted ocean views and a versatile floor plan on a generous 700sqm block - Without stepping through the doors you will be impressed with its magical location.
18 Volante Elbow, Ocean Reef is a “Federation style” family home built in 1993. The elevated setting captures wonderful ocean views from the front as well as the front living areas and the home office / parents' retreat. Through the front doors you are welcomed by the front formal lounge. The main family living area offers an open concept lounge and dining room with a central flued, gas fireplace and timber floorboards nestled around the large kitchen and, a separate games room provides a flexible space to cater to your family's needs.
If you like to get creative in the kitchen you will appreciate what's on offer here! The well-appointed kitchen is complete with a large wrap around benchtop, loads of cupboard and storage space, dishwasher, electric oven and a gas cooktop, a large corner pantry and a shopper's entry from the carport for added convenience.
The main bedroom suite doesn't disappoint in size, comprising of a private parents retreat/office with ocean views. Complete with a double mirrored built in wardrobe, ceiling fan and split system air conditioning. Accommodating the main bedroom is an ensuite bathroom with a shower, vanity , toilet and bidet. The minor bedrooms are all fitted with built in robes and are positioned at the rear of the home. Fitted with a bath, shower and a separate toilet, the main family bathroom has everything you need.
If you dream of a spacious back yard with lush green lawns for the kids and pets to play, the back yard offers the perfect space. With reticulated lawns and garden beds, 2 garden sheds for storage and a covered patio to enjoy the fresh air.
Tenanted until mid January 2023 , the tenants are open to breaking their lease for buyers who would like vacant possession (as long as they find alternative accommodation) or are open to extending their lease for an investor .
If it's a coastal location with a family friendly floor plan you are looking for, then this is the one for you!
LOCATION BENEFITS (approx. distance):
- 210m Ocean Reef Foreshore
- 1.6km Currambine Cental Shopping Centre
- 2.5km Ocean Reef Boat Harbour
- 4.3km Joondalup CBD
FEATURES Include, but are not limited to:
- Front verandah & double carport under main roof with a paved patio area
- Flued wood look ,gas heater, 2 x split system air conditioners & 3 ceiling fans
- Open plan living area with a fan, split system air conditioner and fireplace
- Laundry + linen cupboard with an adjacent family / guest toilet
- Security screens
- Reticulated gardens
- Approx. 2m x 5m garden shed & approx. 3m x 4m tool shed
- Land Size 700sqm
- Built in 1993
Listing description written by Pauline Lyon, Peard Real Estate — reproduced as published, not verified by Districts.