A/59 Naval Parade

Ocean Reef WA 6027

The size of Ocean Reef is approximately 5.4 square kilometres. It has 11 parks covering nearly 28% of total area. The population of Ocean Reef in 2011 was 8,107 people. By 2016 the population was 7,862 showing a population decline of 3.0% in the area during that time. The predominant age group in Ocean Reef is 50-59 years. Households in Ocean Reef are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ocean Reef work in a professional occupation. In 2011, 84.5% of the homes in Ocean Reef were owner-occupied compared with 84.9% in 2016.

Ocean Reef has 3,257 properties. Over the last 5 years, Houses in Ocean Reef have seen a 73.24% increase in median value, while Units have seen a 75.55% increase. As at 31 August 2024:

• The median value for Houses in Ocean Reef is $1,241,754 while the median value for Units is $540,058.
• Houses have a median rent of $850 while Units have a median rent of $728.