Greenough at a glance
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Median sale
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Median rent
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Suburb gross yield
WA › Greenough › African Reef Blvd
$520,000
For sale
$520,000
Last sold
20 Mar 2026
0
Bedrooms
0
Bathrooms
0
Car spaces
19,800 m²
Land
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
Asking
$520,000
20 Mar 2026
Greenough at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$22,640 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 19,800 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 and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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.
0 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 19,800 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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
Greenough at a glance
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Median sale
No data
Median rent
No data
Suburb gross yield
Listing material
Listed by Buy My PlacePhone Enquiry ID: 230742
Discover Rare Coastal Acreage at 50 African Reef Boulevard, Greenough – Your Elevated Ocean-View Sanctuary in Booming Geraldton.
Geraldton Data from REIWA (June 2026):
• Median house price: $572,500, up 27.1% over the past year
• Median unit price: $345,000
• Median land price: $305,000
• Rental growth: 8.0%, median rent $540/week
• Fast-moving: houses selling in a median of 13 days on market
• Nearby suburbs also running hot: Beresford +31.1%, Beachlands +26.2%, Cape Burney +27.1%, Bluff Point +21.1%
The 27.1% annual growth signifies the “strongest cycle in years”
Imagine owning the highest-elevation property in the region, where breathtaking hinterland sunrises paint the sky each morning and spectacular ocean sunsets unfold over the Indian Ocean every evening. This exceptional ~1.98–2 ha (19,800 m²) acreage block at 50 African Reef Boulevard, Greenough, stands proud over looking the Westbank Estate with direct ocean views—a truly one-of-a-kind lifestyle opportunity blending coastal charm, rural space, and unparalleled elevation.
Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer
Nestled in the sought-after Westbank Estate area of Greenough, just a short drive from Geraldton’s vibrant amenities, this elevated site offers privacy, space for your dream home, sheds, gardens, or equestrian pursuits, all while capturing sweeping panoramic views. It’s perfect for those seeking a relaxed coastal lifestyle with room to grow—fishing, surfing, beachcombing, and country living are all at your doorstep.
Geraldton’s Explosive Growth – Position Yourself at the Heart of it. Geraldton and the City of Greater Geraldton are experiencing rapid transformation, making this the ideal time to secure a premium property. The region is projected to see strong population and economic expansion over the next 2 years and beyond, driven by resources, port upgrades, and regional appeal.
• Population Growth: Greater Geraldton’s population has grown steadily (from ~38,634 in 2016 to around 41,000–42,000 recently), with forecasts pointing to continued increases. Medium-growth scenarios project it reaching ~44,800+ by 2026 and significantly higher thereafter, aligning with Western Australia’s broader boom (state population heading toward 3.5 million by 2033).
• Property Market Momentum: Geraldton’s median house prices have surged (e.g., strong double-digit annual growth reported in recent quarters, with values climbing notably from prior years), fueled by affordability, high rental yields, coastal lifestyle, and investor interest. It’s frequently highlighted as one of WA’s top-performing regional markets.
This rapid growth over the next 2 years is expected to drive further demand for unique properties like this one, supporting strong capital appreciation.
Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer
Infrastructure Driving Future Prosperity and Major projects are unlocking Geraldton’s potential:
• Geraldton Port Maximisation Project (PMaxP): A $350 million investment modernizing the port, increasing capacity from ~16 to 25 million tonnes per annum. This will create jobs (up to 2,700 in construction), boost trade in iron ore, grain, minerals, and emerging commodities, and stimulate broader economic growth in the Mid West.
• Utilities and Services: The property benefits from established electricity and water services typical for the developed Greenough area (connected to regional networks, including proximity to renewable energy sources like the Greenough River Solar Farm). This ensures reliable, ready-to-build infrastructure for your vision.
These developments, alongside WA’s resources-driven momentum, position Greenough/Geraldton for accelerated growth in the coming years.
Strong Valuation and Investment Potential -
Recent estimates and comparable sales in the African Reef Boulevard area place this premium elevated acreage in a strong value range (around $600,000+ based on local data, with nearby blocks reflecting solid market interest). In a market with rising medians and limited ocean-view acreage supply, this property represents exceptional uniqueness and upside.
Don’t miss this rare chance to own a piece of Geraldton’s future. Whether building your forever home or securing a high-potential investment, 50 African Reef Boulevard offers lifestyle, views, elevation, and growth potential like no other. Contact us today to arrange an inspection and secure your slice of coastal acreage before it’s gone.
Make an Offer:
https://buymyplace.com.au/on-the-market/make-an-offer
References drawn from Realestate.com.au, Property.com.au, REIWA, WA Government reports, Mid West Ports, and economic analyses (as of mid-2026). Market conditions can change; consult professionals for latest valuations and due diligence.
Listing description written by buyMyplace, Buy My Place — reproduced as published, not verified by Districts.
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