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 › Windward Loop
$1,495,000
Last sold
6 Feb 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
781 m²
Land
205 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
$1,495,000
6 Feb 2026 · 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
0.0%
Median sale
Suburb $1,495,000
0.00 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 781 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 781 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 RE/MAX Extreme CurrambineQuietly positioned in a sought-after coastal pocket and within walking distance to Mirror Park, coastal pathways and the shoreline, 7 Windward Loop, Ocean Reef presents a rare combination of lifestyle, land size and future development potential — all underpinned by secure holding income.
Built by Ross North Homes, this quality family residence sits proudly on a generous elevated 781m² R20 corner block, offering flexibility for today and strategic options for the future.
The Home:
Designed with space and functionality in mind, the residence offers:
* 4 bedrooms
* 2 bathrooms Study / 5th bedroom option
* Multiple living zones, including formal and informal living areas
* Games room, ideal for families or entertaining
* A light-filled kitchen with recent updates, centrally positioned to service the home
Outdoors, the home continues to impress with:
* A large alfresco area with pergola and extensive paving, perfect for year-round entertaining
* A spacious rear garden with water feature, creating a relaxed and private setting
* Plenty of room for a future swimming pool, should you wish.
* Highly sought-after additional parking for a car, boat or caravan
Income Security & Flexibility
The property is currently tenanted until mid-March 2026, providing immediate rental income. This makes the home ideally suited to:
* Investors seeking a blue-chip coastal holding
* Owner-occupiers planning a future move-in while securing today's value
Land, Development & Future Upside (STCA)
The standout feature is the size, zoning and corner positioning of the landholding, offering subdivision potential with the ability to potentially retain the existing dwelling, subject to council approvals (carport removal required as part of this process).
Further long-term upside exists through:
Second-storey extension potential, which would potentially unlock beautiful ocean views down the coastline and capture majestic sunset outlooks
Land-banking in a tightly held suburb with strong owner-occupier demand
A Coastal Location on the Rise Ocean Reef continues to evolve as one of Perth's most desirable coastal suburbs. With the Ocean Reef Marina development well underway, this location is set to benefit from:
* Enhanced lifestyle amenity
* Strong demand from families, downsizers and investors
* Ongoing capital growth driven by coastal scarcity
Whether you choose to move in, personalise over time, hold for income, or capitalise on future development potential, the options here are genuinely plentiful.
Subdivision Potential Disclaimer:
Any reference to subdivision, development or retention of the existing dwelling is provided as a general indication only. All development potential is subject to relevant planning approvals, zoning requirements and council consents. Buyers must make their own independent enquiries with the City of Joondalup and relevant authorities to confirm feasibility. The seller and agent make no warranty or representation regarding approval outcomes.
Photo Disclaimer:
Images used were taken in 2021. Surfaces, walls, ceilings, gardens, and other areas may have changed or worn slightly since the photos were captured. Buyers should rely on their own inspections when assessing the property.
Listing description written by Brett White, RE/MAX Extreme Currambine — 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.