Thinking about buying in Ocean Reef? Now could not be a better time, with 3210 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,153,000 with prices in this suburb ranging from $354,000 to $4,637,000. Ocean Reef is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Ocean Reef Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Ocean Reef driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ocean Reef ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Ocean Reef leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Ocean Reef necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Ocean Reef

	46 DIAMOND DR, OCEAN REEF, WA, 6027	4	2	2	UNDER OFFER
	30 WINDLASS AV, OCEAN REEF, WA, 6027	5	2	2	Under Offer
	14 MAINSAIL DR, OCEAN REEF, WA, 6027	7	2	2	FROM $1,850,000
	74 SANTIAGO PWY, OCEAN REEF, WA, 6027	6	3	6	Expressions of Interest
	10 BLOCK PL, OCEAN REEF, WA, 6027	5	3	3	From $2.25M

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