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 › Palari Rd
4
Bedrooms
3
Bathrooms
2
Car spaces
515 m²
Land
336 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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 data is being calculated
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.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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 515 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.
Official flood overlay has not been retrieved (pending). 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.
1 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 515 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 Prestige Property PerthWith an effortless marriage of charm & modern day living, this stunning, elevated Ocean Reef residence, leaves more than just a magical impression upon anyone entering this supersized home. Custom built and offering 4 spacious bedrooms, 3 bathrooms plus a dedicated theatre, this majestic home is thoughtfully set upon a generous 515m² block and offers everything a growing family will love except the rear yar which is left a blank canvas to design as your own. Featuring high ceilings for a family of Harlem Globetrotters set against timber flooring that is complimented by every modern finishing, this fabulous home provides a sense of contemporary warmth throughout every room.
Upon entering the home via the secure, keypad entry door, you are greeted by a very large guest bedroom suite, that boasts carpeted flooring, a generous built-in wardrobe, along with a stylish private ensuite bathroom that features a huge walk in shower and separate toilet.
Entering further, you come across the main living areas that flow seamlessly out to the under main roof alfresco entertaining area. The huge dedicated theatre room is located towards the rear of the home and comes complete with built in speakers, tiered seating area and room for added subwoofer under the flooring.
Like all quality homes, at the heart lies the stunning kitchen, with its convenient location offering the ability to easily serve all of the key eating areas. As you would expect, it is extremely well appointed, and is set off by the sparkling white bench tops and dark toned cupboard, that highlight the top quality appliances, such as double ovens, gas stove, rangehood and dishwasher whilst also having the added bonus of adjacent laundry / scullery / appliance area to store anything else you may need.
Upstairs now you will find a generous living space with balcony looking over the roof tops to an amazing ocean and sunset view. The primary suite with huge walk in robe and huge primary ensuite is also at the front of the home and enjoys the balcony access and also enjoys those world class views. The secondary bedrooms are at the rear upper wing of this home and have huge amounts of storage and yet another bathroom for the family to use.
Outside, of course you have the already mentioned under main roof alfresco entertaining area that leads nicely to whatever space you design be that a pool, large grassed area, mini golf course, basketball court or whatever you choose, the only limitation is your imagination.
The double garage has a remote-controlled door, along with access down the side and right through to the rear of the property, making it easy to move items from the front to the rear of the property.
So with all this space, and all of these fabulous offerings right here in the one amazing property, why not make it yours...
Features include but are not limited to:
- 4 Generous Bedrooms
- 3 Stunning Bathrooms
- Dedicated and Cleverly Designed Theatre
- Stunning Well Equipped Kitchen
- High Quality Kitchen Appliances
- Ducted Reverse Cycle Air Conditioning (with zoning)
- Plenty of Front Lawn for Play
- Security Alarm System
- Instantaneous Gas Hot Water System
- Feature Down Lighting in the Main Living Spaces
- Stunning Timber Flooring Throughout
- High Skirting Boards Throughout
- Side Access
- Stunning Ocean Views
Property Details;
- Built 2020
- Double Brick
- Tiled Roof
- Home Size: 336m²
- Block Size: 515m²
In close proximity to:
- Ocean Reef Marina ( Under Construction )
- Ocean Reef Senior High
- Ocean Reef Primary
- Prendiville College
- Mullaloo Beach & Tavern
- Hillarys Boat Harbour – approx. 10 minutes
- Joondalup Shopping Centre
- Westfield Whitford City Shopping Centre
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, Prestige Property Perth cannot guarantee its complete and utter accuracy. The information is provided for general information purposes only. As a result, no warranty or representation is made as to its accuracy, and all interested parties should not place full reliance upon it, and should therefore make their own independent enquiries.
Listing description written by Glenn Williams, Prestige Property Perth — reproduced as published, not verified by Districts.