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 › Diamond Dr
$2,050,000
Last sold
28 July 2025
4
Bedrooms
2
Bathrooms
5
Car spaces
818 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
Last sold
$2,050,000
28 July 2025 · derived via latest_sale
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,919/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
+37.1%
Median sale
Suburb $1,495,000
-0.90 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 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 818 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 818 m² — that is not official geometry.
Nearby development pipeline
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 Professionals TWT RealtyWake up to the sound of waves, soak in glorious sunsets from your bedroom window, and enjoy the unbeatable energy of WA's sun-soaked coastline EVERY single day. Welcome to 62 Diamond Drive, Ocean Reef - where lifestyle, and future opportunity collide on one of the suburb's most desirable corner blocks. Perched high in the heart of prestigious Ocean Reef, this extensive and beautifully appointed two-storey residence captures breathtaking views of the Indian Ocean from multiple vantage points, offering you a daily connection to the sea that few properties can match. Whether you're entertaining friends by the pool, heading out on the boat from Ocean Reef Marina or exploring WA's iconic coastline - life here is the definition of coastal perfection.
The home has been designed with space and flexibility in mind. Boasting 4 oversized bedrooms plus a 5th bedroom or study, it's ideal for growing families, multigenerational living, or even those working from home. The upstairs master retreat is a private haven - complete with its own living/lounge or work from home space, large walk-in robe, and a luxurious en-suite with corner spa bath and panoramic views to start and end your day with calm and inspiration.
Downstairs, enjoy multiple living zones including a sunken lounge, separate games room, theatre room and a classic kitchen with views over the pool and to the ocean. A butler's pantry adds extra practicality and convenience, making entertaining a breeze. Step outside to your tiled alfresco entertaining area, surrounded by established gardens and a sparkling pool that invites summer fun for the whole family.
But the lifestyle doesn't stop at the front gate. You're just a short walk to Mullaloo Beach, 1.2km to the Ocean Reef Boat Ramp, and moments from local shops, schools, and coastal walking trails. Even more exciting? The long-awaited Ocean Reef Marina development is now well underway, set to transform the area into a vibrant hub of waterfront dining, entertainment, and marine life - all within minutes from your door.
For those boating enthusiasts among us, imagine waking up and being able to see how busy the Ocean Reef boat ramp is from your very own home! Even better - secure your boat in a marina pen when ready and simply roll down the hill whenever you're ready to hit the water
And if you're thinking long-term, the corner block offers brilliant future duplex subdivision potential (STCA) - a smart move for those who want to invest in their future while enjoying the best of life by the sea!
Why You'll Fall in Love:
- Prestigious Ocean Reef location with commanding ocean and sunset views
- R20 Corner block with future duplex subdivision potential (STCA)
- Two-storey family home with space, flexibility, and resort-style living
- 4 large bedrooms + 5th bedroom/study
- Luxurious master retreat upstairs with private lounge, en-suite, and views
- Multiple indoor living spaces: sunken lounge, theatre, games room & more
- Stunning kitchen & meals area overlooking pool with ocean views, plus butler's pantry
- Sparkling below-ground pool with tiled alfresco for effortless entertaining
- Manicured, low-maintenance gardens with mature planting
- Reverse-cycle ducted air conditioning, and separate oversized laundry
- Double garage with remote access, plus extra parking for boat or caravan, no need to store!
- Just 3 minutes to the Ocean Reef Boat Ramp
- 15-minute walk to Mullaloo Beach via WA's iconic coastal path
- Close to parks, shops, schools, cafes, and easy access to Marmion Avenue
- Built 1993
This is the life you've been waiting for - coastal, luxurious, and full of future promise. Whether you're upsizing, investing, or chasing the dream lifestyle for your family, 62 Diamond Drive delivers it all with style, space, and serious WOW factor.
Secure your front-row seat to the future of Ocean Reef. Contact Stephanie today to find out more.
Listing description written by Stephanie Briers, Professionals TWT Realty — reproduced as published, not verified by Districts.
Nearby 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.